Escrow & Title
In South Carolina, 'attorney's title opinion' vs. 'title insurance' differ in that:
ATitle insurance costs more and provides more protection
BAn attorney's opinion is a professional judgment; title insurance is a contract that pays claims✓ Correct
CTitle insurance is required by law; attorney's opinions are optional
DAttorney's opinions cover all future claims; insurance only past claims
Explanation
An attorney's title opinion is a legal professional's judgment on the quality of title—it doesn't pay claims. Title insurance is a contract that pays covered claims arising from title defects, providing financial protection.
Related South Carolina Escrow & Title Questions
- In South Carolina, what is 'simultaneous closing' (or 'back-to-back closing')?
- In South Carolina, what is an 'endorsement' on a title insurance policy?
- In South Carolina, a 'buyer's affidavit' at closing typically certifies that:
- In South Carolina, which party to a transaction has a legal obligation to ensure the closing is conducted by a licensed attorney?
- In South Carolina, what is 'chain of title'?
- In South Carolina, a closing attorney represents:
- In South Carolina, what is 'proration' at closing?
- In South Carolina, a 'HUD-1 Settlement Statement' was replaced for most transactions by what form?
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →