Escrow & Title
The Torrens system of title registration, used in a few jurisdictions, differs from Virginia's recording system in that:
AIt requires no public records
BThe government certifies title rather than merely recording documents✓ Correct
CIt is only used for commercial property
DVirginia uses the Torrens system statewide
Explanation
The Torrens system involves government certification of title after a judicial proceeding. Virginia uses the recording/grantor-grantee index system, where documents are publicly recorded but title is not certified by the state.
Related Virginia Escrow & Title Questions
- In Virginia, a judgment lien attaches to real property when:
- A Virginia purchase transaction's Closing Disclosure shows a 'cash to close' of $42,000 for the buyer. This amount includes:
- In Virginia, a 'wet settlement' means:
- A Virginia deed must be signed by:
- In Virginia, earnest money deposited with a broker must be kept in:
- In Virginia, a 'special warranty deed' differs from a general warranty deed in that the grantor:
- Virginia's recordation tax on deeds is separate from the Grantor's Tax. What is the standard recordation tax rate on deeds?
- In Virginia, a judgment lien against a property owner attaches to all real property owned by the debtor in the jurisdiction where the judgment is recorded. To clear the lien, the property owner must:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →