Escrow & Title
An abstract of title is best described as:
AA guarantee of clear title
BA summary of all recorded documents affecting a property's title over time✓ Correct
CA lender's assessment of the borrower's creditworthiness
DA physical survey of the property boundaries
Explanation
An abstract of title is a condensed history of all recorded instruments and proceedings that affect the title to a specific property, prepared by an abstractor. An attorney then reviews it to render a title opinion.
Related Arkansas Escrow & Title Questions
- Which of the following items on a closing disclosure is typically a prepaid item (not a recurring cost)?
- In an escrow closing, what triggers the disbursement of funds and recording of the deed?
- A title search going back to the sovereign grant is called a search:
- Cloud on title refers to:
- The recording of a deed in the county recorder's office:
- A lender's title insurance policy protects:
- Proration of property taxes at closing in Arkansas typically assumes that the seller is responsible for taxes:
- What does 'proration' at closing mean?
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →