The Purpose of Title Insurance Is to

question 43

Multiple Choice

The purpose of title insurance is to

• A)transfer ownership of property.
• B)reduce the chance of a decrease in property value.
• C)guarantee the boundaries of the property.
• D)protect an owner from changes in mortgage interest rates.
• E)cover the closing costs of a real estate transaction.

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Definitions:

Customers Served

The number of customers who have purchased or utilized a service from a business within a given time period.

Planning Budget

A budget prepared for a specific level of activity; it may be adjusted or reevaluated based on the level of activity actually achieved.

Patient-Visits

A metric in healthcare indicating the number of times patients see a healthcare provider or visit a healthcare facility.

Revenue

The revenue earned from regular business activities, factoring in discounts and allowances for returned goods.