Escrow & Title
Escrow 'closes' when:
AThe buyer signs the purchase agreement
BThe lender approves the loan application
CAll conditions are satisfied, funds disbursed, and documents recorded✓ Correct
DThe title insurance commitment is issued
Explanation
Escrow closes (the transaction is complete) when all conditions of the purchase agreement are satisfied, all required documents are signed and recorded in the public records, and funds are disbursed to the appropriate parties. Only after all these steps are completed is the transaction legally consummated.
Related Alaska Escrow & Title Questions
- The chain of title is the:
- A title binder (commitment) in Alaska is best described as:
- In Alaska, which of the following BEST describes the role of an escrow agent?
- In Alaska, which of the following items would a title search typically NOT reveal?
- In Alaska, the escrow process involves a neutral third party that:
- A 'cloud on title' in Alaska is:
- Under Alaska's recording system, a 'constructive notice' differs from 'actual notice' because constructive notice:
- Under Alaska's trust account requirements, when must an earnest money check be deposited in the broker's trust account?
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →