License holders must advise buyers to have what done by an attorney?

License holders must advise buyers to have what done by an attorney?

• A. Obtain a Home Inspection
• B. Have Abstract Examined by Attorney
• C. Obtain a Survey
• D. Obtain Mortgage Pre-Approval

Answer: (B)

The main idea is that a buyer’s protection in real estate often includes a lawyer reviewing the title. An abstract is a summary of the property's title history, and having it examined by an attorney ensures the title is clear of problems. The attorney checks the chain of ownership, looks for liens, encumbrances, judgments, restrictions, and other defects, and can provide a title opinion. This step helps confirm there won’t be surprises at closing or after the purchase. A home inspection looks at the physical condition of the property, typically done by a licensed inspector; a survey determines property boundaries and is done by a surveyor; mortgage pre-approval is obtained through a lender. These roles are not performed by an attorney, which is why the correct choice focuses on the attorney’s review of the title.

The main idea is that a buyer’s protection in real estate often includes a lawyer reviewing the title. An abstract is a summary of the property's title history, and having it examined by an attorney ensures the title is clear of problems. The attorney checks the chain of ownership, looks for liens, encumbrances, judgments, restrictions, and other defects, and can provide a title opinion. This step helps confirm there won’t be surprises at closing or after the purchase.

A home inspection looks at the physical condition of the property, typically done by a licensed inspector; a survey determines property boundaries and is done by a surveyor; mortgage pre-approval is obtained through a lender. These roles are not performed by an attorney, which is why the correct choice focuses on the attorney’s review of the title.