Escrow & Title
An abstract of title is:
AA guarantee that the title is free and clear
BA condensed history of all recorded documents affecting the title to a property✓ Correct
CA type of title insurance policy
DA preliminary title search report
Explanation
An abstract of title is a condensed history (summary) of all recorded documents in the public record that affect the title to a specific parcel of land. An attorney examines the abstract to render a title opinion.
Related North Dakota Escrow & Title Questions
- In North Dakota, a 'deficiency judgment' after foreclosure is the lender's right to:
- A North Dakota property with a 'lis pendens' on record warns future buyers that:
- In North Dakota, a 'warranty of title' in a general warranty deed means the grantor will defend the title against:
- Which of the following is TRUE about recording a deed?
- A mechanic's lien can be filed against a property by:
- RESPA (Real Estate Settlement Procedures Act) requires that a Loan Estimate be provided to the borrower within how many business days of a loan application?
- In North Dakota, which of the following is a title insurance policy that protects the lender?
- A general warranty deed provides the buyer with:
Practice More North Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Dakota Quiz →