Escrow & Title
In South Carolina, what is a 'title plant'?
AA physical office where title insurance is issued
BA privately maintained index of recorded real property documents used to facilitate title searches✓ Correct
CA government repository of deeds and mortgages
DA computer system used by title companies
Explanation
A title plant is a private compilation and index of public records maintained by title companies or title service providers. It allows for faster, more efficient title searches than searching public records directly.
Related South Carolina Escrow & Title Questions
- Which type of title conveys title without any warranties in South Carolina?
- In South Carolina, a 'buyer's affidavit' at closing typically certifies that:
- What does 'prorating' at closing in South Carolina mean?
- In South Carolina, who typically holds the earnest money when there is a cooperative sale (two different brokerages)?
- What is the purpose of a HUD-1 Settlement Statement (or Closing Disclosure) in a South Carolina real estate transaction?
- An 'encumbrance' on a South Carolina property title is best defined as:
- In South Carolina, which document allows the closing attorney to conduct the title search by examining recorded documents?
- In South Carolina, title insurance premiums are:
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →