Escrow & Title
An attorney's opinion of title in Iowa is:
AThe same as a title insurance policy
BA written opinion by an attorney as to the quality and marketability of title, based on the abstract✓ Correct
CRequired only for commercial real estate transactions
DA document filed with the Iowa Real Estate Commission
Explanation
In Iowa, an abstract of title is updated and certified, then reviewed by a licensed attorney who renders a written opinion of title. The attorney's opinion tells the buyer and lender whether the title is marketable and identifies any exceptions or defects.
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