The 'ALTA' (American Land Title Association) owner's policy compared to a standard owner's policy provides additional coverage for:
Why Matters that could be discovered by a physical inspection or accurate survey, such as encroachments and boundary disputes Is Correct
Answer B: Matters that could be discovered by a physical inspection or accurate survey, such as encroachments and boundary disputes
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.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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