According to the REPC, what type of Homeowner's Policy must the seller purchase for the buyer, if available?

The correct answer is that the seller must purchase an ALTA Homeowner's Policy for the buyer, if available. The ALTA Homeowner's Policy is specifically designed to provide comprehensive coverage for homeowners during and after the purchase process. It is a title insurance product that protects buyers from potential defects in the title to the property, ensuring that they have clear ownership free from hidden liens or claims.

The inclusion of the ALTA Homeowner's Policy aligns with the requirements set forth in the Real Estate Purchase Contract (REPC) in Utah. This policy not only covers the buyer's investment but also provides crucial protection that standard homeowner's policies may not fully offer. For buyers, having this type of policy can give them significant peace of mind, as it encompasses various risks related to property ownership.

In contrast, the other options do not meet the specific requirements stipulated in the REPC. A Standard Homeowner's Policy typically focuses on property damage and personal liability rather than title defects. Bare walls coverage provides minimal protection, often only covering the structure itself and not the broader risks associated with ownership. An Optional Homeowner's Policy may not guarantee the same level of protection or endorsement necessary for the buyer's safety in the transaction. Therefore, the ALTA Homeowner's