Escrow & Title
What is the purpose of a 'title search' vs. 'title insurance' in a Kansas real estate transaction?
AThey serve the same purpose and only one is needed
BA title search identifies known defects; title insurance protects against both known and unknown defects not disclosed after the search✓ Correct
CTitle insurance replaces the need for a title search
DA title search is done by the buyer; title insurance is the seller's responsibility
Explanation
The title search examines public records to find known title issues. Title insurance provides protection against losses from both discovered and undiscovered title defects — including those that may not appear in the public record.
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