Escrow & Title
An owner's title insurance policy in Delaware is typically purchased by:
AThe lender
BThe buyer or seller, as negotiated✓ Correct
CThe Delaware Real Estate Commission
DThe listing broker
Explanation
While customs vary, owner's title insurance in Delaware is typically negotiated as part of the purchase agreement; either party may pay depending on the contract terms.
Related Delaware Escrow & Title Questions
- What is a 'notice of pendency' (lis pendens) in Delaware real estate?
- What is the 'chain of title' in Delaware real estate?
- What does it mean when a deed is 'recorded'?
- Which type of title conveyance gives the grantee the most protection?
- A special warranty deed in Delaware warrants that:
- An abstract of title is:
- What is a 'deed of correction' in Delaware?
- What is 'subrogation waiver' in a Delaware property insurance context?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →