Escrow & Title
A title company's commitment to insure (binder) is issued after:
AThe buyer makes a down payment
BThe title search is complete and the company agrees to insure subject to listed exceptions✓ Correct
CThe seller provides a general warranty deed
DThe closing attorney certifies the title
Explanation
A title commitment (binder) is the insurer's agreement to issue a policy once the title search is complete, listing any exceptions to coverage that must be resolved.
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