Question

A contract for sale of real estate usually calls for the seller to provide evidence of title as a requisite to completing the sale. Today, the predominant medium through which a seller meets this requirement is by providing:

Answer 1

Answer:

C) only a title insurance commitment.

Explanation:

It is very common nowadays to hire a title company when you are purchasing a house or other real estate. A title company should review the title and issue a title policy that protects the buyer form any problems related to the property's title.

Before a title insurance policy can be issued, a title commitment is made. This means that the title company promises to issue a title policy after the sale is closed. The reason for this is that the title company can only issue a title policy after you bought the house, but the commitment means that they will issue it if you purchase the house.

The seller is responsible for presenting all the documents that the title company requests in order for them to issue first a title commitment and then the title policy.

Answer 2

Answer:

C. only a title insurance commitment.

Explanation:

Based on this information it can be said that the predominant medium through which a seller meets this requirement is by providing a title insurance commitment. This refers to a promise made to provide a title insurance policy for the property after closing the sale of that property. This alone would allow the seller to complete the sale of the property.