Principles of Real EstateCâu 18 / 120
Title insurance protects the insured party against:
a.Future physical damage to the structure
b.A decline in the property's market value
c.The cost of routine repairs and maintenance
d.Losses from defects in title that existed before the policy date
Giải thích
Title insurance indemnifies against covered losses from title defects, liens, or encumbrances that existed but were unknown at the time the policy was issued. It does not cover future events like physical damage or market value changes.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A quitclaim deed is BEST described as an instrument that:
- For a deed to be valid and effective to convey title, it generally must be:
- The main purpose of recording a deed in the county real property records is to:
- The process by which the government can take private property for public use, upon payment of just compensation, is:
- When a person dies owning property with no valid will and no locatable heirs, the property may pass to the state through:
- Zoning ordinances, building codes, and health regulations are all examples of the government's:
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