Which document would typically accompany a real estate sale to confirm the property's title is clear?

Get ready for the Georgia State Real Estate Exam! Study with flashcards and multiple choice questions, each question has hints and explanations. Be well-prepared and confident to pass the exam on your first try!

The title insurance policy is the correct document that typically accompanies a real estate sale to confirm that the property's title is clear. This policy is crucial because it protects the buyer and the lender from potential disputes or claims against the title that may arise after the purchase. When a buyer decides to purchase a property, they often obtain title insurance to ensure that they are protected from any future claims that could affect their ownership rights.

A thorough title search is conducted before the issuance of this insurance, confirming that there are no liens, encumbrances, or ownership disputes that would affect the property's title. If issues are found after the sale, the title insurance policy provides financial coverage for legal costs and losses associated with restoring clear title. By securing this policy, buyers can have peace of mind knowing that their rights to the property are protected.

Other documents mentioned do not serve the same primary purpose. A land survey provides information about property boundaries but does not confirm title status. A quitclaim deed, while it transfers interest, does not guarantee a clear title, and a property management agreement relates to the management of the property rather than confirming title status.

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