According to the 2007 GAO report, which factors raise questions about the title industry?

The correct response is that the factors that raise questions about the title industry according to the 2007 GAO report include the first and second factors.

In this context, the 2007 GAO report raised concerns about the title insurance industry, indicating there were significant issues worth noting. The first factor likely pertains to the lack of standardized practices across states, which can lead to inconsistencies in how title insurance is handled. This variability can create confusion and uncertainty for consumers and professionals alike.

The second factor could involve the financial viability of title insurance companies or the potential for conflicts of interest within the industry, which can undermine consumer trust. By acknowledging these two factors, it highlights the systemic issues present in the title insurance sector that warrant further investigation and regulation.

Given this understanding, the other answer choices may include factors that either do not reflect serious concerns raised in the report or obscure the primary issues identified. The combination of both the first and second factors clearly illustrates the challenges that the industry faces, making them the key aspects to focus on.