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What do the terms buyer/seller – grantor/grantee – transferor/transferee mean, and how are they used in terms of real property transfers?

April 26, 2017buyer Grantee grantor mean seller terms transferee transferor Used

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What do the terms buyer/seller – grantor/grantee – transferor/transferee mean, and how are they used in terms of real property transfers?

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The words buyer and seller imply a sale as the condition of transfer. But, not all transfers are sales. In non-sale transfers grantor/grantee and/or transferor/transferee are used in place of buyer/seller.