Every title commitment lists exceptions: matters the policy expressly does not cover. Most are normal and expected — a utility easement across the yard, recorded subdivision restrictions (CC&Rs), or mineral or water rights that belong to someone else. Listing them isn’t a red flag by itself; it’s the company being precise about what’s insured and what isn’t. It’s worth reading the exceptions with your title officer, because occasionally one reveals something you’ll want to investigate — like an access easement or a right that affects how you can use the property. Knowing them up front prevents surprises after closing.