In Colorado, a 'torrens title' system (where the government issues a certificate of title) differs from the recording system in that it:
Why Was an alternative system where state-issued certificates provided conclusive evidence of title (largely discontinued in Colorado) Is Correct
Answer B: Was an alternative system where state-issued certificates provided conclusive evidence of title (largely discontinued in Colorado)
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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- Colorado's 'Torrens system' for land registration, which was once used in some Colorado counties, differs from recording because:Property Ownership
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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.
Private Mortgage Insurance (PMI)Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
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