Escrow & TitleIntermediateAlaska Exam

The chain of title is the:

ASequence of property tax records showing assessed values over time, in general
BChronological record of all conveyances and encumbrances affecting a parcelCorrect
CList of all licensed title companies operating in Alaska
DSeries of inspections conducted before a property closes

Why Chronological record of all conveyances and encumbrances affecting a parcel Is Correct

Answer B: Chronological record of all conveyances and encumbrances affecting a parcel

The chain of title is the chronological sequence of all recorded documents — deeds, mortgages, releases, easements, and other conveyances — that trace ownership of a parcel from its earliest recorded grant to the present owner. Gaps or breaks in the chain can create title defects.

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

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

Easement

A non-possessory right to use another person's land for a specific purpose.

Encumbrance

Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.

Chain of Title

The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.

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