Study for the Aceable Agent Finance Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Multiple Choice

Who inspects land titles to ensure there are no liens and that the seller owns the property?

The main idea is that a title search is done to verify who owns the property and to uncover any liens or encumbrances. This work is carried out by a title agent, who reviews public records, traces the chain of ownership, and checks for outstanding liens or judgments to ensure the seller has valid, marketable title. The title company may employ the title agent and provide title insurance after the search, but the inspector of the title itself is the title agent. A lawyer might give a legal opinion about the title, but the routine inspection of the title is the job of the title agent. A notary merely verifies signatures and does not examine title.

The main idea is that a title search is done to verify who owns the property and to uncover any liens or encumbrances. This work is carried out by a title agent, who reviews public records, traces the chain of ownership, and checks for outstanding liens or judgments to ensure the seller has valid, marketable title. The title company may employ the title agent and provide title insurance after the search, but the inspector of the title itself is the title agent. A lawyer might give a legal opinion about the title, but the routine inspection of the title is the job of the title agent. A notary merely verifies signatures and does not examine title.