Escrow & Title
A Wisconsin 'marketable title' means:
ATitle that will sell for the highest price
BTitle that is reasonably free from doubt and defects such that a reasonable buyer would accept it without objection✓ Correct
CTitle insured for the full purchase price
DTitle that has been quieted by court action
Explanation
Marketable title is title that is reasonably free from doubt, encumbrances, and defects — a title that a reasonable and prudent buyer would be willing to accept.
Related Wisconsin Escrow & Title Questions
- In a Wisconsin 1031 exchange (like-kind exchange), the use of a 'qualified intermediary' (QI) is required to:
- A Wisconsin 'certificate of title' differs from a 'Torrens certificate' in that a Torrens certificate:
- A Wisconsin abstract of title is:
- A Wisconsin 'commitment for title insurance' is issued after the title search and:
- A Wisconsin 'escrow impound account' (reserves) required by some lenders is used to:
- A Wisconsin property sells for $250,000. What is the total real estate transfer tax?
- A Wisconsin title insurer who pays a claim under an owner's policy and resolves the defect then acquires the right to pursue any liable third party through:
- A Wisconsin property owner discovers, after purchase, that there is an unrecorded easement crossing their land. Their recourse is likely limited because:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →