Solicitors Qualifying Examination (SQE) Practice Exa\

Who typically executes the transfer deed in a property transaction?

1. The buyer

2. The seller

3. Both parties, equally

4. The property agent

The correct answer is: The seller

In a property transaction, the transfer deed is a crucial document that officially conveys the property's ownership from one party to another. Typically, the seller executes the transfer deed, as it is their responsibility to facilitate the transfer of their interest in the property to the buyer. The seller completes and signs the transfer deed, providing the necessary legal authority for the transaction to take place. This includes details about the property, the parties involved, and any relevant covenants or agreements. While the buyer is interested in the completion of the deed and may have input or obligations related to the transaction, they do not usually execute the transfer deed. Instead, their role focuses on completing the purchase and ensuring payment takes place, while the seller's execution is what legally transfers the property ownership. It's also important to note that a property agent plays a supportive role in the process, often helping to facilitate communication and ensure all documentation is properly prepared, but they do not execute the transfer deed themselves. The involvement of both parties in the transaction does not mean they equally execute the transfer deed; rather, it is the seller who has that specific responsibility.