Transfer of Property第 98 / 120 题
A valid escrow generally requires a binding contract between the parties and:
a.A recorded deed only
b.Conditional delivery of transfer documents to the escrow holder
c.Payment of the transfer tax first
d.Approval by the DRE
解析
A valid escrow requires an enforceable underlying contract and the conditional delivery of documents and funds to a neutral escrow holder. The escrow holder releases them only when the agreed conditions are satisfied. These two elements distinguish escrow from a simple exchange.
法律依据: CA Financial Code免费刷完整 120 道题库 — 无需注册。
同考点相关题目
- California's documentary transfer tax is $0.55 per $500 of value. On a $600,000 sale with no assumed loan, the county transfer tax is:
- A deed in which the grantor makes the fullest express warranties, defending title against all claims, is a:
- The recorded history of successive owners and conveyances of a parcel is called the:
- A preliminary title report issued before closing primarily:
- Before a deed can be recorded, the grantor's signature usually must be:
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