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T/F:The buyers real estate professionals should discuss the availability of title insurance with the buyer even if the seller has committed to rectify title or municipal compliance issues regarding the property

1 Answer

3 votes

Final answer:

True. The buyer's real estate professionals should discuss the availability of title insurance with the buyer even if the seller has committed to rectify title or municipal compliance issues regarding the property.

Step-by-step explanation:

The buyer's real estate professionals should discuss the availability of title insurance with the buyer even if the seller has committed to rectify title or municipal compliance issues regarding the property. This is because title insurance provides protection to the buyer in case there are any unforeseen issues with the property's title or municipal compliance in the future, and the seller's commitment may not always be enough to address all potential risks.

For example, let's say the seller has committed to resolving a title issue, but later it is found that there are additional undisclosed liens or claims on the property. In such a case, without title insurance, the buyer may face financial losses or legal complications. Therefore, it is important for the buyer's real estate professionals to discuss the availability of title insurance as an additional layer of protection, regardless of the seller's commitments.

answered
User Jeremy Powell
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