American Land Title Association(ALTA ) Current Study Guides 2024 Are All Here Solved Correctly Packged Success Bundle.

1. Under the English legal system, legal disputes were settled: (Page 1) - Answer b) on a case-by-case basis before a judge. 2. Under Spanish civil law, legal disputes were settled by: (Page 1) - Answer d) pre-established statutes. 3. The federal and state governments are divided into th...

When an insurance company obtains the rights and claims of an insured, it is called subrogation A.True B.False - Answer A.True In a foreclosure action, a buyer has a right to A. Mediation B. Redemption C. AOTA D. NOTA - Answer C. AOTA All of the following are legal descripti...

Owners Policy - Answer Policy of Title Insurance issued to the fee simple owner of a property, which provides the insured coverage over risks described on the policy. ALTA form - Answer American Land Title Association - created and distributed several uniform forms for use across the entire...

Types of Real Property (5) - Answer 1) Residential, 2) commercial, 3) Industrial, 4) Agricultural, 5) Special-purpose. Two Types of Real Property Ownership - Answer 1. Legal 2. Equitable **Most people have BOTH** Legal Title - Answer Actual Ownership of property Equitable Title -...

A CPL provides against - Answer Defalcation of funds by the title insurance agency The maximum allowable time period between the most recent abstract certification date and the effective date of the title insurance policy - Answer 180 days 1 mile - Answer 5,280 feet 1 chain - Answe...

For an escrow to be valid, there must be a - Answer conditional delivery of transfer documents to a 3rd party In a real estate transaction, who decides which escrow company to use - Answer it is negotiated between the buyer and seller Which of the following is not exempt from the escrow ...

When a title search reveals that there is a broken chain of title, it is best cured by: - Answer Quiet title proceeding The best way to discover a flaw in the recorded title to a piece of real property is by: - Answer A search of title Tracing the conveyances and encumbrances of real pro...

What does ALTA mean? - Answer American land Title Association All of the following are characteristics of an ALTA loan policy - Answer Exceptions Exclusions Conditions Chain of Title - Answer A listing of the chronological order of conveyances of a parcel of land, from the original...