Escrow & Title
A preliminary title report (title commitment) serves what purpose?
AIt provides a final guarantee of clear title
BIt discloses the conditions under which a title insurance company will issue a policy✓ Correct
CIt replaces the need for a survey
DIt serves as the deed to the property
Explanation
A preliminary title report (or title commitment) shows the current condition of title and the exceptions and requirements under which the title insurance company will issue a policy.
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