In Colorado, a 'survey exception' in a title insurance policy means:
Why B. The policy excludes coverage for matters that would be disclosed by an accurate survey — such as encroachments, boundary disputes, or easements not shown in public records Is Correct
Answer B: B. The policy excludes coverage for matters that would be disclosed by an accurate survey — such as encroachments, boundary disputes, or easements not shown in public records
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
Insurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
EasementA non-possessory right to use another person's land for a specific purpose.
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.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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