Escrow & Title
In Utah, the title company's preliminary title report (commitment) is issued to:
AAssess the property's market value
BIdentify title defects and encumbrances before closing so they can be resolved✓ Correct
CCertify that the property passed a home inspection
DEstablish the tax basis for the buyer
Explanation
A title commitment (preliminary report) lists the conditions under which the title company will issue a policy and identifies any title defects, liens, or encumbrances that must be cleared before closing.
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