medium · National Real Estate Exam
A title insurance company provides an 'extended coverage' policy.
How does this primarily differ from 'standard coverage'?
- It includes protection against future liens filed after the policy date.
- It covers items that would be found by a physical inspection or an accurate survey, such as encroachments.
- It provides life insurance for the owner in the event of accidental death on the property.
- It eliminates the need for the lender to require a lender's policy.
Sign up free to see the explanation and track your rank →
More National Real Estate Exam practice
- A broker's employment contract with a seller is officially called the:
- What is the current status of the contract?
- A buyer defaults on a purchase agreement, and the seller chooses to keep the earnest money
- A buyer makes a written offer to a seller. Two days later, before the seller has responded
- A contract for the sale of a property is signed. Before closing, the property is destroyed
- A contract for the sale of real estate that has been signed by both parties is valid, but
- A contract that is valid and binding but allows one party to avoid the agreement because o
- A contract that is valid and enforceable until it is canceled by a party who was a victim