Escrow & Title
A 'title commitment' (binder) from a title insurance company is:
AA final title insurance policy issued at closing
BA promise by the title company to issue a title insurance policy, subject to listed exceptions and requirements✓ Correct
CAn attorney's certification that title is clear
DA survey confirming property boundaries
Explanation
A title commitment is the title company's preliminary agreement to insure title, subject to stated exceptions (existing liens, easements, etc.) and requirements that must be satisfied before the policy is issued at closing.
Related Massachusetts Escrow & Title Questions
- A Massachusetts property sold at foreclosure has insufficient proceeds to pay both the first and second mortgage. The second mortgagee:
- A title search in Massachusetts reviews records in the Registry of Deeds going back:
- A mechanic's lien in Massachusetts may be filed by:
- In Massachusetts, when does a buyer generally obtain equitable title to property?
- In Massachusetts, a mechanic's lien can be filed by:
- The 'abstract of title' is:
- In a Massachusetts real estate closing, the buyer's attorney typically reviews the:
- In Massachusetts, an attorney must typically be present at a real estate closing because:
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →