Escrow & Title
A Wyoming 'preliminary title report' (or title commitment) is:
AA binding title insurance policy
BA report issued before closing identifying the current state of title, exceptions, and conditions for issuing a title policy✓ Correct
CA survey of the property's boundaries
DAn appraisal of the property's market value
Explanation
A preliminary title report (title commitment) is issued by a title company before closing. It reports the current ownership, lists existing liens and encumbrances, identifies conditions that must be met before a title policy is issued, and shows what exceptions will appear in the final policy.
Related Wyoming Escrow & Title Questions
- A quitclaim deed in Wyoming conveys:
- In Wyoming, a deed in lieu of foreclosure occurs when:
- A Wyoming warranty of title covenant in a general warranty deed includes all of the following EXCEPT:
- In Wyoming, which of the following best describes an 'insured closing letter' from a title company?
- A Wyoming title search typically covers:
- In Wyoming, a preliminary title report (commitment) issued before closing:
- In Wyoming, an owner's title insurance policy protects:
- In Wyoming, a standard ALTA/NSPS Land Title Survey (formerly ALTA/ACSM) is required by lenders for:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →