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What is the purpose of conducting a title search?

  1. To establish property value

  2. To confirm legal ownership and identify liens

  3. To verify zoning regulations

  4. To determine property taxes

The correct answer is: To confirm legal ownership and identify liens

Conducting a title search serves the essential purpose of confirming legal ownership of a property and identifying any liens or encumbrances that may exist on it. This process involves reviewing public records to trace the history of the property's title, ensuring that the seller has the right to transfer ownership. It also uncovers any claims against the property, such as mortgages or unpaid taxes, which could affect the buyer's interest in the property. Understanding the ownership and any associated liabilities is critical before proceeding with a real estate transaction, as it protects both the buyer and lender from future disputes or legal issues regarding property rights. Establishing property value, verifying zoning regulations, and determining property taxes, while important aspects of real estate transactions, do not directly relate to the primary function of a title search. These factors are typically assessed through different processes and research methods.