The Torrens system of land title registration, used in some Alaska areas, differs from recording systems in that it:
Why Creates a government certificate of title that is conclusive evidence of ownership Is Correct
Answer B: Creates a government certificate of title that is conclusive evidence of ownership
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
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- The 'Torrens system' of title registration, which is available in some states, differs from the recording system used in Alaska because the Torrens system:Escrow & Title
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Key Terms to Know
Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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.
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