Which of the following is typically included in a title commitment?

A title commitment is a document that outlines the terms and conditions under which a title insurance policy will be issued. It serves as a preliminary report that indicates the status of the title to a specific property and provides essential details regarding any existing liens, encumbrances, or title defects.

The terms under which a title policy will be issued are crucial because they inform all parties involved—usually the buyer, seller, and lender—about the expectations for title insurance coverage. This document identifies any requirements that must be fulfilled before the issuance of the actual title insurance policy, such as resolving outstanding liens or obtaining necessary documentation.

By contrast, a list of potential buyers for the property, a detailed inspection report of the property, and a summary of local real estate taxes do not form part of a title commitment. They provide different types of information that may be relevant for real estate transactions but are not directly related to the status or terms of the title insurance being offered.