Title Opinion Flashcards
(4 cards)
1
Q
What is title opinion?
A
A lawyer’s professional judgment on the property’s ownership
It includes an expert assessment of the title’s validity and potential problems.
2
Q
Who can issue a title opinion?
A
Either a lawyer or a title insurance company
A real estate licensee cannot issue a title opinion.
3
Q
If a licensee knows that a title is not marketable, are they required to disclose this to prospective buyers?
A
Yes
A title not being marketable indicates problems or defects with the legal ownership of the property.
4
Q
True or False: A title opinion can be issued by a real estate licensee.
A
False
