Property Ownership
Indiana's Statewide Internet Portal Authority (SIPA) facilitates access to public property records by:
ASelling property data to brokers only
BProviding centralized online access to Indiana government records including property and tax information✓ Correct
CLicensing property management software
DOperating the Indiana MLS
Explanation
SIPA (or equivalent state portal) provides online access to Indiana government records, including property assessment records, making it easier for citizens, brokers, and investors to access public property information.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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