Question

A broker must advise a buyer in writing to have the abstract of title reviewed by an attorney or to get title insurance. Where is this advice located?

a) Purchase Agreement
b) Listing Agreement
c) Sales Contract
d) Seller's Disclosure Notice

Answer 1

The advice to have the abstract of title reviewed or to obtain title insurance is usually located in the Purchase Agreement during a property sale.

Step-by-step explanation:

The advice for a buyer to have the abstract of title reviewed by an attorney or to get title insurance is typically found in the Purchase Agreement. A purchase agreement is a document that outlines the terms and conditions of the sale of property, including the responsibility of the buyer and seller. It should advise the buyer of the importance of the abstract of title review or obtaining title insurance to protect against potential problems with the title to the property.