What document provides a guarantee that an agent properly conducted a title search?

The Title Commitment serves as a critical document in the title insurance process, offering assurance that a thorough title search has been conducted in accordance with industry standards. It outlines the findings of the title search, including information on the current ownership of the property, any liens, and other encumbrances that may affect the title. Essentially, it serves as a preliminary report before the actual title insurance policy is issued.

By providing this guarantee, the Title Commitment instills confidence in both the buyer and the lender that the title is clear and can be insured. This is pivotal in real estate transactions as it helps prevent disputes over ownership and ensures that the buyer is acquiring the property free of hidden claims or interests.

Other documents, while important in the process, do not specifically serve this function. For instance, a Title Insurance Policy offers protection against losses due to defects in title but is issued after the title search and commitment have been completed. A Reimbursement Agreement pertains to repayment for expenses incurred, and a Search Verification Report is not universally recognized as a formal commitment document in the context of title insurance.