Which of the following best describes the role of a title agent?

The role of a title agent is primarily focused on researching title status and verifying legal property ownership. This involves conducting a detailed examination of public records to determine if there are any liens, claims, or other issues that could affect the title of the property. By ensuring a clear title, the title agent helps protect the interests of both buyers and lenders, facilitating a smooth property transaction. This research is essential to confirm that the seller has the right to transfer ownership and that the property is free from undisclosed encumbrances.

The other roles mentioned, such as preparing legal documents, assessing a buyer's financial capacity, and conducting property appraisals, relate to different aspects of real estate transactions but fall outside the primary responsibilities of a title agent. A title agent does not typically prepare legal documents; that task is usually performed by attorneys or real estate professionals. Assessing financial capacity is a function more aligned with lenders or financial institutions. Conducting appraisals is the responsibility of appraisers who evaluate properties to determine their market value, whereas title agents are concerned specifically with the legal ownership aspects of property.