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부동산

Check Your Understanding-Answers

  1. What is escrow? 

    The process in which a disinterested third party holds all money and documents relating to a transaction until all of the terms and conditions of the escrow instructions have been satisfied.
     
  2. 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.
     
  3. What is the difference between CLTA and ALTA policies? How does ALTA-R differ from ALTA? 

    CLTA is the basic standard policy and ALTA provides extended coverage. 
    ALTA includes a survey and ALTA-R does not.
     
  4. What items are not covered by any title insurance policy? 

    Defects known to the insured but not disclosed to the title insurer.
    Government zoning regulations. 
No. Subject Date Views
Notice 부동산 용어사전 2019.04.15 2202
Notice 부동산 용어 (A to Z) 2019.03.03 1440
261 Chapter 9 Conclusion 2019.04.15 80
260 Chapter 9 Quiz 2019.04.15 169
259 Real Estate Practice - 21 (Understanding-Answers) 2019.04.16 64
258 Real Estate Practice - 22 (Understanding-Answers) 2019.04.16 90
257 Chapter 10 Conclusion 2019.04.16 105
256 Chapter 10 Quiz 2019.04.16 172
255 Real Estate Practice - 23 (Understanding-Answers) 2019.04.16 80
254 Real Estate Practice - 24 (Understanding-Answers) 2019.04.16 60
253 Chapter 10 Conclusion 2019.04.16 91
252 Chapter 11 Quiz 2019.04.16 231
251 Real Estate Practice - 25 (Understanding-Answers) 2019.04.26 864
250 Real Estate Practice - 26 (Understanding-Answers) 2019.04.26 71
249 융자 프로그램의 종류 2019.04.26 68
248 Real Estate Practice - 27 (Understanding-Answers) 2019.04.26 89
247 Chapter 12 Conclusion 2019.04.26 180
246 Chapter 12 Quiz 2019.04.26 287
245 Real Estate Practice - 28 (Understanding-Answers) 2019.04.26 104
244 Real Estate Practice - 29 (Understanding-Answers) 2019.04.27 70
243 Real Estate Practice - 30 (Understanding-Answers) 2019.04.27 79
242 Chapter 13 Conclusion 2019.04.27 205
241 Chapter 13 Quiz 2019.04.27 205
» Real Estate Practice - 31 (Understanding-Answers) 2019.04.27 97
239 Real Estate Practice - 32 (Understanding-Answers) 2019.04.27 86
238 Chapter Conclusion Chapter 14 2019.04.27 154
237 Chapter 14 Quiz 2019.04.27 601
236 Real Estate Practice - 33 (Understanding-Answers) 2019.04.29 99
235 Chapter 15: Using Real Estate Assistants Summary 2019.04.29 90
234 Chapter 15 Quiz 2019.04.29 163
233 Real Estate Practice - 34 (Understanding-Answers 2019.04.29 90
232 Real Estate Practice - 35 (Understanding-Answers 2019.04.29 94