Escrow & Title
In Missouri, a 'title binder' (also called a commitment for title insurance) is issued before closing to:
AGuarantee the property will sell
BCommit the title insurer to issue a policy at closing if specified conditions are met✓ Correct
CBind the parties to the contract
DSecure the earnest money
Explanation
A title commitment (binder) is the title insurer's agreement to issue a title insurance policy after closing, provided any title exceptions/requirements listed in the commitment are satisfied. Buyers review the commitment to understand what title risks exist.
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