Escrow & Title
In South Dakota, a title search examines public records to:
ADetermine the property's current market value
BIdentify all claims, liens, and encumbrances on a property✓ Correct
CVerify the physical condition of the property
DEstablish the property's tax assessment
Explanation
A title search reviews public records (deeds, mortgages, judgments, tax liens) to establish the chain of title and identify any claims or encumbrances that could affect ownership.
People Also Study
Related South Dakota Questions
- Which of the following would be found in the public record and shown on a title search in South Dakota?Escrow & Title
- A 'chain of title' in South Dakota refers to:Escrow & Title
- In South Dakota, which of the following would NOT be found in a title search?Escrow & Title
- A South Dakota purchase agreement requires the seller to provide clean title at closing. If the title search reveals an unresolved mechanic's lien, the seller must:Contracts
- South Dakota's large tracts of federal and state public land affect the real estate market because:Land Use & Zoning
- In South Dakota, which of the following encumbrances does NOT need to be removed to deliver 'clear title'?Escrow & Title
- In a South Dakota deed of trust, who holds legal title to the property during the loan period?Finance
- South Dakota recognizes which form of concurrent ownership that includes the right of survivorship?Property Ownership
Key Terms to Know
Chain of Title
The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Study This Topic
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 →