Which of the following describes the term 'grantor'?

The term 'grantor' refers specifically to a person who gives or transfers property to another. In real estate transactions, the grantor is typically the individual or entity that holds title to the property and conveys that title to another party, known as the grantee. This concept is fundamental in property law, as it establishes the relationship between the parties involved in the transfer, ensuring that the grantor has the legal right to convey the property.

In contrast to the correct answer, the other options describe different roles or situations within property transactions. For instance, the individual receiving the property in a lease is known as the lessee and not the grantor. An agent representing the buyer works to facilitate the purchase of property but does not take on the role of transferring ownership. Lastly, a legal entity managing property sales might be involved in many transactions but does not define or fit the specific role of a grantor, which is focused solely on the act of transferring ownership. Therefore, option B accurately captures the essence of the term 'grantor' within the context of real estate transactions.