An ALTA survey in an Alaska commercial transaction differs from a simple boundary survey in that it also shows:
Why Improvements, easements, encroachments, and other matters that may affect title, meeting ALTA/NSPS standards Is Correct
Answer B: Improvements, easements, encroachments, and other matters that may affect title, meeting ALTA/NSPS standards
Exam Tip: Escrow & Title
Escrow questions test the neutral third-party role and the sequence of closing events. Remember that the escrow agent acts as a dual agent for both buyer and seller and cannot advocate for either side.
Key Escrow & Title Terms in This Question
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Key Terms to Know
A non-possessory right to use another person's land for a specific purpose.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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