Escrow & Title
In Montana, a title insurance commitment issued before closing serves to:
AGuarantee the property will sell at list price
BShow the current state of title and conditions that must be met before a policy will be issued✓ Correct
CReplace the need for a property survey
DProvide financing approval for the buyer
Explanation
A title commitment (also called a preliminary title report) discloses the current state of title including liens, easements, restrictions, and conditions that must be satisfied before the title company will issue a title insurance policy at closing.
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