Closing day marks a huge milestone in the home buying or selling journey—it’s when a property officially changes hands. But behind the scenes, a lot is happening to ensure the legal transfer of ownership goes smoothly. Two important components of this process are deeds and titles.

Here’s what every buyer and seller should know:

What is a Deed?

A deed is the legal document that officially transfers ownership of a property from the seller to the buyer. At a minimum, it includes the names of both parties and the seller’s signature, though many deeds also require the buyer’s signature and a legal description of the property. Once signed, the deed is typically filed with the local government, becoming part of the public record.

What is a Title?

A title isn’t a document—it’s the legal concept of ownership rights to a property. The deed transfers these rights to the new owner. When a title changes hands, it often triggers a one-time transfer tax (separate from annual property taxes). Whether the buyer or seller pays this tax depends on local laws.

Are There Different Types of Deeds?

Yes, and the type of deed can affect what rights are transferred. Most home sales use general-warranty deeds, which offer the highest level of protection for buyers. This type guarantees that the seller legally owns the property and has the right to sell it—offering peace of mind that you’re getting full ownership.

Your REALTOR® can help you understand the type of deed involved in your transaction and what rights come with it.

Bill Flagg is a North Central Jersey leader dedicated to fostering inclusion and advancing fair housing. Committed to the Fair Housing Act, he has led impactful initiatives addressing housing inequities. He introduced Newark’s first successful Homeownership Fair with Metropolitan Baptist Church, attended by 300+ community members. The event featured sessions on renting vs. buying, credit repair and down payment assistance. Through his leadership, Flagg continues to promote fair housing, ensuring equal, professional service for all while making a lasting impact on NCJAR and the communities it serves. Watch the full video here.

Bill Flagg: Uplifting Others (REALTOR® Magazine, Apr. 10, 2025)

Fair Housing Month is an important time for REALTORS® across the country to reflect on the progress made since the passage of the Fair Housing Act of 1968 and to reaffirm our commitment to providing equal opportunities in housing for all. This year, we celebrated the strides made toward creating more inclusive communities while also focusing on the work still needed to ensure that everyone has access to homeownership and housing opportunities regardless of background, race, or income.

A Look Back: The Passage of the Fair Housing Act of 1968

The Fair Housing Act, signed into law by President Lyndon B. Johnson, was a landmark piece of legislation that prohibited discrimination in housing based on race, color, religion, sex, or national origin. Over the past 50+ years, the Act has been a cornerstone in the ongoing fight for equality in housing, ensuring that all individuals have the right to live in communities of their choice.

As we observed this momentous occasion, we took time to recognize the continued work required to ensure that these protections remain in place and that fair housing practices evolve with the times.

Celebrating Leadership in Fair Housing

A key highlight of this year’s Fair Housing Month celebration was the recognition of Bill Flagg as the recipient of the 2025 Fair Housing Champion Award. Bill’s dedication and tireless work in advancing fair housing initiatives in his community have made a lasting impact. His efforts to provide affordable housing options and advocate for inclusive policies stand as an inspiring example of leadership in the real estate industry. Congratulations again, Bill, for your outstanding contributions to ensuring fair housing for all!