Escrow & Title
What is a 'preliminary title report' and when in the Oregon transaction process should it be reviewed?
AAfter closing — it confirms final title transfer
BAs early as possible after opening escrow — to identify title issues that need to be resolved before closing✓ Correct
COnly when the lender requests it
DIt is optional in Oregon transactions
Explanation
The preliminary title report (title commitment) should be reviewed by the buyer and their agent as early as possible after escrow opens — ideally during the inspection/due diligence period. It discloses easements, CC&Rs, liens, and other encumbrances. Early review allows time to investigate, resolve issues, or terminate if significant undisclosed problems are found before the inspection contingency deadline.
Related Oregon Escrow & Title Questions
- What is the role of the 'escrow officer' in a typical Oregon real estate closing?
- In Oregon, what is the 'homestead right' and how does it interact with title insurance?
- A preliminary title report (title commitment) issued in Oregon shows a 'Schedule B' exception for an easement. This means:
- In Oregon, licensed escrow agents are regulated by:
- A 'cloud on title' refers to:
- In Oregon real estate practice, the earnest money deposit is typically held in:
- What is the significance of 'recording' a deed in Oregon?
- In a standard Oregon real estate closing, which document transfers title from seller to buyer?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →