Final answer:
A chronology of successive owners of record of a parcel of real estate is known as B) A chain of title.
Step-by-step explanation:
The chronology of successive owners of record of a parcel of real estate is known as B) A chain of title. This term refers to the sequential historical transfer of title (ownership) of a piece of property. Before a farm can be sold, especially if it is to be turned into commercial or residential property, a clear and accurate chain of title is necessary to ensure that all previous transactions were executed properly and there are no legal impediments to the sale. The chain of title allows potential buyers and other interested parties to trace previous ownerships back to the original source. Accurate information on property boundaries must also be identified, a process that can involve a land survey, which is particularly challenging in areas that used the metes and bounds method for property demarcation, given the use of natural features that may change over time.