Escrow & Title
A preliminary title commitment in Oklahoma is issued by a title company to:
AGuarantee that the title is clear before any search is done
BInform the parties of what title insurance coverage is proposed and list any exceptions to coverage✓ Correct
CReplace the need for an abstract of title
DCertify the property's fair market value
Explanation
A title commitment (binder) is the title company's commitment to issue a title insurance policy subject to meeting the conditions listed, and identifies any exceptions (liens, easements, restrictions) to the proposed coverage.
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