Evidence of Marketable Title in Real Estate Transactions

What would be considered evidence of marketable title in real estate?

Option 1: a certificate of title by a real estate attorney. Option 2: an abstract of title with a legal opinion. Option 3: a certificate of title by a real estate broker. Option 4: a title commitment or title insurance policy.

Answer:

All options provided can be considered evidence of marketable title except for a certificate of title by a real estate broker.

In the context of property ownership, marketable title refers to a title that is free from any encumbrances or defects that could potentially interfere with the transfer of ownership. In this scenario, all of the options provided can be considered evidence of marketable title, except for a certificate of title by a real estate broker. While real estate brokers can provide valuable information and assistance in the buying and selling process, their certificate of title may not hold the same legal weight as those provided by real estate attorneys or abstracts of title with a legal opinion.

← The importance of data encryption Exploring the unbiasedness of maximum likelihood estimator in regression model →