Ace the Hawaii Pre-Licensing Exam 2025 – Surf Your Way to Real Estate Success!

Title insurance is primarily concerned with the legal ownership of a property and any issues that may arise concerning that ownership. The correct choice emphasizes that title insurance provides a history of ownership, which includes the previous owners and any claims or liens against the title. This is essential for ensuring that the current owner has clear and marketable title to the property, meaning there are no legal encumbrances or disputes over ownership that could affect their rights.

This aspect of title insurance is vital because it protects both buyers and lenders from potential losses due to defects in the title, such as unpaid taxes, undisclosed heirs, or other claims that could arise after the purchase of the property. Buyers rely on this information to make informed decisions, as it safeguards their investment.

In contrast, the other options do not align with the primary purpose of title insurance. Details about the age of the property, its market value, or information regarding building permits and inspections fall under different domains of real estate transactions. These factors may be relevant when evaluating a property but are not what title insurance is designed to cover.