Escrow & Title
In New York, a 'title company' functions in a transaction by:
ARepresenting either the buyer or seller as their attorney
BConducting the title search, issuing title insurance, and may act as agent for fund disbursement at closing✓ Correct
CSetting the purchase price
DAppraising the property
Explanation
Title companies in New York conduct title searches, issue commitments for title insurance, issue policies at closing, and often coordinate closing logistics including preparation of transfer tax forms and disbursement of closing funds under the direction of the parties' attorneys.
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