If Bob is conveying an interest in a ranch that he owns to Kevin, who is Bob in this transaction?

Prepare for the North Carolina Broker Reciprocal Exam. Sharpen your skills with flashcards and multiple-choice questions. Each question offers explanations to ensure clarity and understanding. Get ready to excel!

In this transaction, Bob is referred to as the grantor because he is the individual who conveys or transfers an interest in the ranch to Kevin. The term "grantor" specifically identifies the party who gives or grants the interest in a property through a deed or contract.

In real estate transactions, the grantor is essential, as they are the person or entity that retains ownership but decides to transfer some or all of their property rights to another party. This act of transfer means that the grantor holds the initial title and is responsible for providing clear and marketable title to the grantee.

The other roles mentioned do not apply to Bob in this context. The grantee would be Kevin, who is receiving the interest in the property. Beneficiary and trustee roles are typically associated with trust arrangements rather than direct transfers of property ownership, which further clarifies that Bob's function in this scenario is strictly that of a grantor.

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