Escrow & Title
A preliminary title report (title commitment) in Arizona is issued by the title company to:
AGuarantee that title is free and clear
BDisclose the current condition of title and exceptions before issuing a final policy✓ Correct
CReplace the need for a title search
DServe as the final title insurance policy
Explanation
A preliminary title report (or title commitment) discloses the results of the title search, identifies exceptions to coverage, and commits the title company to issue a policy upon meeting specified requirements.
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