Escrow & Title
What is a title commitment in Nevada?
AThe buyer's commitment to proceed with the purchase
BA title company's conditional agreement to issue a title insurance policy, subject to specified exceptions and requirements✓ Correct
CA recorded document establishing title
DA broker's commitment to find a buyer
Explanation
A title commitment (also called a preliminary title report or title binder) is the title company's conditional promise to issue title insurance, subject to certain exceptions (existing liens, easements) and requirements (payoff of existing mortgages). Buyers review it to understand what title issues exist.
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