What legal document is used to transfer real estate title from one party to another?

The correct answer is the deed, which is the legal document specifically designed to transfer title to real estate from one party to another. A deed outlines the rights and responsibilities associated with the property and provides a formal record of the transaction. It typically includes details such as the names of the parties involved, a description of the property, and any relevant terms of the transfer.

While other options may pertain to property transactions, they do not serve the direct purpose of conveying ownership. For instance, the term "title document" refers generally to any documentation that establishes a claim of ownership, but it is not a specific legal instrument used for the transfer of ownership in itself. A "contract agreement" is a broader term that can apply to various types of transactions and is used to outline the terms of a sale rather than complete the title transfer. "Property settlement" usually refers to the process of finalizing the details of a property transaction or the distribution of assets but does not itself constitute the means of transferring title. Thus, the deed is the foundational legal instrument required for the transfer of real estate title.