BRETT IS LOOKING TO PURCHASE A HOUSE FROM MARY. THE PARTIES HAVE AGREED IN PRINCIPAL THAT THE HOUSE WILL BE PURCHASED BY BRETT FOR 275,000. WHILE BRETT IS IN YOUR OFFICE HE ASKS YOU "WHAT IS ALL THIS BUSINESS ABOUT TITLE INSURANCE? PEOPLE TELL ME THAT ILL NEED TO DO A TITLE EXAMINATION AND PURCHASE TITLE INSURANCE FOR THOUSANDS OF DOLLARS. WHY BOTHER? MARY SEEMS TO HAVE BEEN LIVING IN THE PROPERTY FOR A LONG TIME WITH NO MAJOR PROBLEMS. WHY DO I HAVE TO DO A TITLE EXAMINATION AND OBTAIN TITLE INSURANCE?" PLEASE ANSWER BRETTS QUESTIONS