Escrow & Title
A title commitment (title binder) issued by a title company serves as:
AThe final title insurance policy
BA preliminary promise to issue title insurance subject to specified conditions✓ Correct
CA guarantee of a clear and marketable title
DA survey of the property boundaries
Explanation
A title commitment is a preliminary report that describes the condition of title and lists any exceptions or requirements that must be satisfied before the title company will issue the final title insurance policy at closing.
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