What is a common action taken to establish title records on a property?

Study for the ASU REA380 Exam 2. Prepare with flashcards and multiple choice questions, each question includes hints and explanations. Get ready for success!

Establishing title records on a property is essential for confirming legal ownership and ensuring that there are no claims or liens against it. Searching property tax records plays a crucial role in this process. This action involves examining historical and current tax documents to verify property ownership, assess any outstanding tax obligations, and identify any potential issues. By reviewing these records, individuals can ascertain the chain of title, confirming who the legal owner is and whether any encumbrances exist against the property.

Other actions, such as obtaining a building permit or conducting a neighborhood survey, do not directly contribute to establishing ownership records. A building permit pertains to the right to construct or modify a property and does not provide information about title ownership. Likewise, conducting a neighborhood survey focuses on gathering information about the area or community, such as demographics or property values, rather than verifying the legal status of property ownership. Performing a market analysis is primarily concerned with evaluating property values and market trends, rather than establishing title records. Thus, the correct action for establishing title records is the search of property tax records.

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