Escrow & Title
A South Dakota title insurance exception for 'rights of parties in possession' means the policy does not cover:
AThe owner's right to possess their property
BClaims by tenants, adverse possessors, or others physically occupying the property if not revealed in public records✓ Correct
CAll zoning and building code violations
DFuture construction liens
Explanation
The 'rights of parties in possession' exception excludes claims by tenants, adverse possessors, or others in actual possession whose rights are not shown in the public record. A physical inspection can identify these.
Related South Dakota Escrow & Title Questions
- A cloud on title in South Dakota refers to:
- In South Dakota, 'proration of property taxes' at closing typically means:
- A South Dakota lender takes an assignment of rents clause in their commercial mortgage. This clause provides that if the borrower defaults:
- In South Dakota, the register of deeds office is responsible for:
- In South Dakota, when both a mortgage and a judgment lien exist on a property, which has priority if the mortgage was recorded first?
- Title insurance in South Dakota protects the policyholder from:
- In South Dakota, a title search examines public records to:
- In South Dakota, a 'subordination agreement' between lienholders affects:
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →