An agreement that the title company insurer will issue title ...

[corkyiscool3328]

An agreement that the title company insurer will issue title insurance if certain objections are resolved is referred to as the option contract.
 
  A. True
   B. False

Question 2

Fred has just finished examining a title search abstract and is preparing the title report. Describe what he should include in the report. Assume his jurisdiction issues title insurance.
 
  What will be an ideal response?

[Smiles0805]

Answer to Question 1

B

Answer to Question 2

Fred's title report should include a legal description of the real estate, a description of how the seller
acquired ownership and anything that impacts that ownership. He should also list any items that might affect
the ability to give good title to the buyer. His report will also serve as a binder for title insurance.

[corkyiscool3328]

TY

[Smiles0805]

You're welcome