Property Ownership
In South Dakota, what is an 'abstract attorney's opinion' used for?
ATo certify that a property has passed all required inspections
BTo provide a legal opinion on the marketability of title based on the abstract of title✓ Correct
CTo document the real estate commission agreement
DTo establish the property's appraised value for tax purposes
Explanation
An attorney reviews the abstract of title and issues a written opinion on the marketability of the title, identifying any defects, encumbrances, or concerns that should be resolved before purchase.
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