Final answer:
The full sale price of the property is not traditionally included in a title policy commitment. Instead, the commitment outlines the legal description, the insured party, and the estate or interest covered, to inform the buyer of any issues with the property's title.
Step-by-step explanation:
The commitment to issue a title policy includes many important details about the property being sold, but it does not traditionally include the full sale price of the property. This information is typically part of the sale contract rather than the title policy itself. A title policy commitment will commonly list the legal description of the property, specify the estate or interest that is being insured, and name the insured party, ensuring that the buyer and any lenders are aware of any existing encumbrances, easements, or discrepancies in the property's title prior to closing.