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A magnifying glass is held over a printed newspaper or book, focusing on several small, paper cutouts shaped like different types of houses and buildings.

What is a Binder?

Real Estate Dictionary

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(1) A preliminary report as to the condition of a title and a commitment to issue a title insurance policy in a certain manner when certain conditions are met. Sometimes called "preliminary certificate" or "prelim. commitment". (2) A policy of title insurance (used primarily by investors) calling for a reduced rate for a future policy if the property is sold within a specified period.