Virginia State Real Estate Exam Practice Question
Alicen needs the property's legal description to finish the contract. The best place to obtain the information is from the:
Correct Answer: D
Rationale: The buyer's title commitment provides a comprehensive legal description of the property, essential for contract completion. It ensures that the information is accurate and up to date, as it is prepared by a title company.
Option A, the lender, typically focuses on financing details rather than property specifics. Option B, the listing agent, may have the information but is not the official source for legal descriptions. Option C, the deed at closing, is a final document and not available until the closing process, making it too late for contract purposes. Thus, the title commitment is the most reliable and timely source.
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