Question

Farmer Brown wants to buy a piece of land he looked at in the Willamette Valley. Farmer Brown and the seller mutually agree upon terms of purchase and decide to open escrow with a title company. An important first steps the title company takes, at this point, is to:

Answer 1

The title company's important first step when opening escrow is to ensure an accurate property title by determining the dimensions of the land and calculating the acreage.

Step-by-step explanation:

The important first step the title company takes when opening escrow is to ensure an accurate property title. This involves determining the dimensions of the land and calculating the acreage based on those dimensions. By doing so, the title company can provide a clear and legal description of the property being purchased. This is crucial for the buyer to have ownership rights and for any future transactions involving the land.