In Alaska, 'marketable title' means:
Why Title that is free from reasonable doubt about ownership and can be transferred without fear of litigation Is Correct
Answer B: Title that is free from reasonable doubt about ownership and can be transferred without fear of litigation
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
People Also Study
Related Alaska Questions
- Which of the following describes a marketable title in Alaska?Escrow & Title
- Which of the following title defects would likely NOT be discovered through a standard title search of public records in Alaska?Escrow & Title
- Alaska's extreme seismic activity means that earthquake risk is a material fact that sellers should disclose when:Environmental
- In Alaska, which type of title insurance policy protects the buyer from title defects that existed before the policy date?Escrow & Title
- In Alaska, an agent's responsibility for 'material adverse facts' about a property means the agent must disclose:Agency
- In Alaska, a 'covenant against encumbrances' in a warranty deed means the grantor warrants that:Escrow & Title
Key Terms to Know
Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Study This Topic
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →