What is the term for the transfer of real estate title from one party to another?

The correct term for the transfer of real estate title from one party to another is "conveyance." This term specifically refers to the legal process of transferring ownership of real property, which is formalized through a written document known as a deed. The conveyance process is essential in real estate transactions as it signifies the shift of legal rights and responsibilities from the seller to the buyer.

Conveyance encompasses all the necessary steps and documentation required to ensure that the transfer of title is valid and binding under the law. It is an established term used in legal contexts, emphasizing the formal and official nature of transferring real estate ownership.

In contrast, other terms such as assignment, title transfer, and property exchange refer to different kinds of transactions or legal movements. For example, "assignment" typically pertains to the transfer of lease rights or contractual obligations rather than the transfer of ownership of real property itself. "Title transfer" may sound similar but is not the standard legal terminology used in real estate. "Property exchange" generally implies a swap of properties between parties rather than the straightforward conveyance of title. Understanding these distinctions is crucial for anyone involved in real estate transactions or finance.