Which document is crucial in proving ownership of property?

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!

The title deed is absolutely essential in establishing ownership of a property because it serves as the legal instrument that records the transfer of title from one party to another. This document contains important details such as the names of the parties involved, a description of the property, and any conditions or restrictions associated with the property. A title deed acts as evidence that the owner has legal rights to the property, making it a fundamental document for anybody seeking to prove ownership.

While a lease agreement may outline terms of tenancy, it does not confer ownership rights; instead, it merely indicates that a tenant has the right to use the property for a specified period. Encumbrance reports provide information about any claims against the property but do not establish ownership. Survey maps are useful for defining the boundaries and characteristics of a property, but again, they do not serve the purpose of proving ownership. Therefore, the title deed stands out as the primary legal document confirming ownership rights.

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