Escrow & Title
A title commitment (binder) issued by a title company represents:
AA guarantee that the title is free from all defects
BA promise to issue title insurance subject to specific exceptions and conditions✓ Correct
CAn appraisal of the property's market value
DThe county's record of ownership
Explanation
A title commitment (binder) is a preliminary document from a title insurer promising to issue a title insurance policy subject to specified conditions, exceptions, and requirements being met at or before closing.
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