Escrow & Title
Marketable title means the title is:
AInsured by a title company
BFree from reasonable doubt, liens, or encumbrances that a reasonable buyer would object to✓ Correct
CGuaranteed by the seller to be free of all defects
DRecorded with the county for at least 10 years
Explanation
Marketable title is one that is free from reasonable doubt, significant encumbrances, or defects that a reasonable, well-informed buyer would object to — meaning it can be sold or mortgaged without undue difficulty.
Related Georgia Escrow & Title Questions
- In Georgia, the documentary evidence of a title search is called:
- Title insurance exceptions typically include which of the following?
- The 'RESPA' (Real Estate Settlement Procedures Act) applies to:
- In a Georgia real estate transaction, the transfer tax (intangible tax on the security deed) is paid by the:
- In Georgia, a 'final title search' is conducted just before closing to ensure:
- Title insurance underwriters perform a title search before issuing a policy to:
- A general warranty deed in Georgia provides which of the following covenants?
- A title commitment (binder) issued by a title company represents:
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