Escrow & Title
In Hawaii, what is an 'ALTA survey' used for in commercial real estate transactions?
AA. An environmental survey to identify contamination
BB. A comprehensive boundary survey meeting American Land Title Association standards, showing improvements, easements, and encroachments✓ Correct
CC. A survey of the Pacific Ocean adjacent to the property
DD. A federal land survey for government-owned properties
Explanation
An ALTA survey is a detailed boundary and location survey meeting ALTA/NSPS standards, providing title companies and lenders with a comprehensive view of the property's boundaries, structures, easements, and encroachments.
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