Real Estate Investing Quizzes-Which of the following is not true

Answer to Quiz

Which of the following is not true about title searches for real property?

Answer: (c)
A "title search" is the process of examining in detail the various public records related to ownership of real property to ensure that the current owner has clear title, free of any liens, claims, mortgages, or other competing interests. A title search is typically performed by an attorney, a qualified title searcher, or a title insurance company on behalf of a proposed purchaser or mortgagee.

Next Quiz:

The federal consumer protection law that requires disclosure of estimated settlement costs in the sale of residential property involving a federally insured lender is:

(a) HUD
(b) RESPA
(c) FNMA
(d) GNMA

Word of the Day

Capital Loss

"Capital loss" is when an asset or security is sold at a loss, equal to the difference...

Capital Loss

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