Escrow & Title
A 'binder' in Utah real estate transactions refers to:
AA temporary title insurance commitment✓ Correct
BA three-ring binder of all transaction documents
CA preliminary purchase agreement
DAn earnest money receipt
Explanation
A title binder is a temporary title insurance commitment that provides interim coverage while the title examination is completed and the permanent policy is being processed. It is sometimes used in commercial transactions or when closing must occur quickly.
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