What does the term "grantor" refer to in the context of property transactions?

In property transactions, the term "grantor" specifically refers to the seller who conveys or transfers the property to another party, typically known as the grantee. The grantor holds the legal title to the property and is responsible for outlining the terms of the transfer, including any rights or restrictions associated with the property. This relationship is fundamental in real estate transactions, as it establishes the transfer of ownership and any legal obligations of both parties involved. Understanding this role is essential for navigating property laws and ensuring that legal rights are properly transferred during a sale. In this context, the other choices do not accurately describe the role of the grantor; for instance, the buyer is known as the grantee, while legal agents and financial institutions play different roles within the transaction framework.