In Alaska, which type of title insurance policy protects the buyer from title defects that existed before the policy date?
Why Owner's title insurance policy Is Correct
Answer B: Owner's title insurance policy
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
- Owner's title insurance in Alaska protects:Escrow & Title
- Which type of title insurance policy protects the lender's interest in an Alaska mortgage transaction?Escrow & Title
- In Alaska, who typically pays for the owner's title insurance policy?Escrow & Title
- Which of the following is NOT typically covered by a standard owner's title insurance policy?Escrow & Title
- An Alaska lender requires title insurance as a condition of making a mortgage loan. The cost is typically paid by:Finance
- In Alaska, 'mortgage insurance premium' (MIP) on an FHA loan is paid by the borrower to:Finance
- A condominium owner in Alaska holds:Property Ownership
- Which type of deed provides the grantee with the GREATEST protection against title defects?Property Ownership
Key Terms to Know
Insurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Closing CostsFees and expenses paid by the buyer and/or seller at the closing of a real estate transaction, in addition to the property's purchase price.
Discount PointsPrepaid interest paid to a lender at closing to reduce the mortgage interest rate, with each point equal to 1% of the loan amount.
Math Concepts
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 →