Escrow & TitleIntermediateDelaware Exam
What is a 'survey' in a Delaware real estate transaction?
AA questionnaire completed by the buyer about the property
BA measurement and mapping of a property's boundaries, improvements, and encroachmentsCorrect
CA review of the property's title history
DAn inspection of the property's physical condition
Why A measurement and mapping of a property's boundaries, improvements, and encroachments Is Correct
Answer B: A measurement and mapping of a property's boundaries, improvements, and encroachments
A survey is a professional measurement and graphic representation of a property's boundaries, dimensions, area, physical features, and any encroachments or encumbrances affecting the land.
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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