Property Ownership
What does 'marketable title' mean in a South Carolina real estate transaction?
AA title that has been advertised on MLS
BA title that is reasonably free from defects and encumbrances that a reasonable buyer would object to✓ Correct
CA title that has a title insurance policy
DA title recorded less than 5 years ago
Explanation
Marketable title is one that is reasonably free from significant defects, liens, or encumbrances that would cause a reasonable, prudent buyer to refuse to accept it. Most purchase contracts require the seller to convey marketable title.
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