Escrow & Title
A 'title commitment' (binder) issued before closing is:
AThe title insurance policy itself
BThe title insurer's commitment to issue a policy subject to specified conditions and exceptions✓ Correct
CA final clear title certificate
DA GREC-required disclosure form
Explanation
A title commitment (binder) is issued before closing and outlines the conditions the title company requires before issuing the final policy, along with specific exceptions that will appear in the policy.
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