Escrow & Title
In NC, which party is responsible for conducting the title search prior to closing?
AThe listing real estate broker
BThe buyer's real estate broker
CThe licensed attorney supervising the closing✓ Correct
DThe title insurance company's underwriter
Explanation
In NC's attorney closing system, the closing attorney conducts the title search (or has it performed), reviews the title report, and resolves any issues before preparing the closing documents and conducting the closing.
Related North Carolina Escrow & Title Questions
- Recording a deed in North Carolina's Register of Deeds provides:
- In North Carolina, real estate closings are typically conducted by:
- A North Carolina attorney issues a title opinion (certificate of title) to:
- In NC, a buyer who discovers after closing that the seller did not have clear title to the property that was conveyed may seek recovery under:
- At a NC residential closing, who typically prepares the deed?
- In NC, which of the following would typically appear on the HUD-1 or Closing Disclosure as a credit to the buyer?
- In NC, 'title exceptions' that appear in a title commitment refer to:
- In NC, which standard exception in a title insurance policy is typically NOT covered without a survey?
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