What defines a grantee in real estate?

A grantee in real estate refers specifically to the individual receiving the deed, thereby acquiring an interest in the property. This is a key concept in property law, as it delineates who is entitled to the rights and responsibilities associated with that real estate. The deed itself is a legal document that signifies the transfer of ownership from one party to another. In this context, understanding the role of the grantee is crucial, as they become the new property owner and have the authority to manage or dispose of the property.

The other choices describe different roles or concepts related to real estate transactions but do not define a grantee. The person conveying ownership, for example, is known as the grantor. The court overseeing the transaction is involved in legal processes but does not own the property. The heir of a deceased property owner may eventually become a grantee if they inherit the property, but they are not the grantee by virtue of just being an heir. Thus, option B is the accurate definition of a grantee in this context.