How long does a title company have to deliver the title commitment to the buyer?

Prepare for the Texas Real Estate Commission (TREC) State Exam. Access comprehensive study resources with quizzes and detailed explanations. Ensure you're ready for success!

A title company is legally required to deliver the title commitment to the buyer within a specific timeframe after receiving the contract. According to Texas real estate regulations, the correct timeframe is 20 days from the date the title company receives the contract. This commitment is crucial as it outlines the ownership of the property and any potential liens or encumbrances that may affect the transaction. Providing the title commitment in a timely manner ensures that buyers have the necessary information to make informed decisions about the property they wish to purchase. This timeline is established to promote transparency and protect the interests of all parties involved in the transaction.

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