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부동산

Real Estate Law 80

2019.05.15 15:40 Views : 93

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
Notice 부동산 용어사전 2019.04.15 2084
Notice 부동산 용어 (A to Z) 2019.03.03 1336
351 Chapter 8 Conclusion 2019.03.04 246
350 Chapter 8 Quiz 2019.03.04 116
349 TEST 9 2019.03.05 147
348 SUMMARY 9 2019.03.05 54
347 Chapter 10 2019.03.05 224
346 TEST 10 2019.03.05 206
345 CHAPTER 11 2019.03.06 104
344 TEST 11 2019.03.06 133
343 TEST 12 2019.03.06 330
342 Chapter 13 Conclusion 2019.03.07 89
341 TEST 13 2019.03.07 128
340 Chapter 14 Conclusion 2019.03.07 103
339 TEST 14 2019.03.07 91
338 Chapter 15 Conclusion 2019.03.07 423
337 TEST 15 2019.03.07 101
336 TEST 16 2019.03.10 147
335 Chapter 17 Conclusion 2019.03.10 113
334 TEST 17 2019.03.10 211
333 Hudson Yards file 2019.03.16 62
332 TEST 17 2019.03.23 231
331 Chapter 18 Conclusion 2019.03.23 179
330 TEST 18 2019.03.23 610
329 Chapter 19 Conclusion 2019.03.25 70
328 TEST 19 2019.03.25 262
327 Chapter 20 Conclusion 2019.03.25 77
326 TEST 20 2019.03.25 123
325 Chapter 21 Conclusion 2019.03.25 76
324 TEST 21 2019.03.25 122
323 Chapter 22 Conclusion 2019.03.26 96
322 TEST 22 2019.03.26 99