Free Pennsylvania Real Estate Practice Exam Practice Question
A buyer may RESIST a price reduction from a seller due to defects in the title of a property by:
Correct Answer: A
Rationale: A buyer may resist a price reduction due to title defects by applying for a new title insurance policy. This action provides protection against potential losses from title issues, ensuring peace of mind regarding ownership rights.
Option B, receiving an opinion of title, offers an assessment of the title's status but does not directly address the buyer's concerns about defects. Option C, signing a contract with the seller, does not resolve title issues and may even complicate negotiations. Option D, requesting proof of ownership, is a reasonable step but does not guarantee resolution of defects, which is why it is less effective in this context.
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