Escrow & Title
A 'marketable title' in NC is one that:
AIs insured by a title company
BIs reasonably free from significant defects or clouds that a reasonable buyer would object to✓ Correct
CHas been owned by fewer than five owners
DWas last conveyed by a general warranty deed
Explanation
Marketable title is title that a reasonable, well-informed buyer would accept — free from significant defects, disputed claims, or encumbrances that would create a real risk of litigation.
Related North Carolina Escrow & Title Questions
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- Which of the following is a 'voluntary' lien on real property?
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- A 'construction escrow' in a NC new construction transaction holds:
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