Which entity typically conducts a title search?

A title search is a critical step in the real estate transaction process, aimed at determining the legal ownership of a property and identifying any claims, liens, or encumbrances that may affect the title. The entity that typically conducts this search is a title insurance company.

Title insurance companies employ professionals, such as title examiners, who have the expertise to thoroughly investigate public records related to the property in question. Their findings help ensure that the title is clear and free of unforeseen issues before the closing of the sale, thus providing both the buyer and the lender with assurance and protection against any future claims. Additionally, these companies often provide title insurance policies that safeguard against any potential defects in the title that might arise after the purchase.

Other professionals, such as real estate agents, appraisers, and mortgage brokers, have distinct roles in the transaction. Real estate agents facilitate property sales and help clients negotiate deals, appraisers provide value estimates for properties, and mortgage brokers work to connect borrowers with lending options. However, none of these roles include the specialized task of conducting a title search, highlighting the unique role that title insurance companies play in safeguarding property transactions.