Which document is associated with transferring real estate ownership?

The document that is associated with transferring real estate ownership is the deed. A deed serves as the legal instrument that conveys title from one party to another, indicating that ownership of the property has changed hands. It contains essential details such as the names of the buyer and seller, a legal description of the property, and the signatures of the parties involved, thereby making it a critical element in real estate transactions.

Title insurance, while important for protecting against potential issues related to ownership claims or liens, does not itself transfer ownership; rather, it provides insurance coverage for the new property owner from potential future disputes. A lease agreement pertains to renting or leasing property and does not transfer ownership rights; it simply outlines the terms between a landlord and tenant. Lastly, a property inspection report provides an assessment of the property's condition but is unrelated to the transfer of ownership. Therefore, the deed is the correct answer as it is specifically designed for that purpose.