Which statement best defines the term title in real estate?

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In real estate, title refers to the legal ownership rights to a property and the evidence of who owns it. The title is what is transferred when a property is sold, and it is shown in public records and supported by the deed. A title search examines the history of ownership and looks for any liens or other issues that could affect ownership. Title insurance, while related, protects against claims against the title, but it is not the title itself. The other options describe value (appraisal), boundaries (plats/surveys), or insurance coverage, not the ownership right itself.