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Real Estate Law 80

2019.05.15 15:40 Views : 122

Check Your Understanding Answers

  1. Explain marketable title.

    A marketable title is one that is so free of defects that the buyer is certain he or she will not have to defend the title.
     
  2. What is the purpose of the preliminary title report?

    The report shows the condition of the title before the loan or sale transaction.
     
  3. Describe a title insurance commitment. 

    The title insurance commitment is an agreement by the insurer to issue a title policy for a specific premium. The commitment includes the conditions and exceptions the actual policy will have. The title commitment document is in the same format as the title insurance policy but it is NOT an insurance policy.
     
  4. Who needs title insurance and why? 

    Both the buyer and the lender need title insurance. Insurance for the buyer ensures a clear title and protects his or her investment. Insurance for the lender protects the lender’s interest in the property.
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No. Subject Date Views
332 Quiz 12 2019.05.15 8895
331 Real Estate Law 85 2019.05.15 134
330 Real Estate Law 84 2019.05.15 134
329 Real Estate Law 83 2019.05.15 150
328 Real Estate Law 82 2019.05.15 125
327 Real Estate Law 81 2019.05.15 131
» Real Estate Law 80 2019.05.15 122
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324 Real Estate Law 78 2019.05.14 145
323 Quiz 11 2019.05.13 7518
322 Review Chapter 11 2019.05.13 977
321 Real Estate Law 77 2019.05.13 138
320 Real Estate Law 76 2019.05.13 164
319 Real Estate Law 75 2019.05.13 160
318 Real Estate Law 74 2019.05.13 133
317 Real Estate Law 73 2019.05.13 131
316 Real Estate Law 72 2019.05.13 111
315 Real Estate Law 71 2019.05.13 120
314 Real Estate Law 70 2019.05.13 137
313 Real Estate Law 69 2019.05.13 183
312 Quiz 10 2019.05.12 8872
311 Review Chapter 10 2019.05.12 181
310 Real Estate Law 68 2019.05.12 143
309 Real Estate Law 67 2019.05.12 133
308 Real Estate Law 66 2019.05.12 114
307 Real Estate Law 65 2019.05.12 119
306 Real Estate Law 64 2019.05.12 203
305 Real Estate Law 63 2019.05.12 119
304 Real Estate Law 62 2019.05.12 205
303 Quiz 9 2019.05.11 7175