QUESTIONS WITH ANSWERS GRADED A+
◍ Encroachment - The extension of an improvement onto another
property (shed or fence)
◍ List to qualify for an insurance license - -Be at least 19 years old
-Have a High School Diploma/GED
-Be Alaska Resident
-Pass Insurance Licensing Exam
-Be Trustworthy (Not use license improperly to write controlled
business)
◍ How long should a title plant hold records? - 25 years
◍ Grantor - The person who make a grant (Seller)
◍ Grantee - Person who receives grant (Buyer)
◍ Section Land - 1 square mile or 640 acres
, ◍ How many acres is a quarter of a section - 160
◍ Real Property with legal description - A recorded Plat
◍ Chief/Main objective of the recording system - To establish the
priority of rights in the land and thus protect from any hidden liens
◍ Boundaries of a property must be: - -Definite
-Identifiable
-Locatable
◍ Deficiencies of the county clerks records - -Records are maintained
without regards to orderly segregation or interpretation
-Public records do not include all interests which may attach to land
◍ What are three types of legal descriptions? - -Plat (lot 1 Block 1)
-Aliquot (N 1/2 SE 1/4)
-Metes & Bounds (4 Degree 24 FT & 5 in)
◍ Dominate Estate - The property for the benefit of which right-of-way
easements exists
◍ Where does chain of title begin? - Sovereignty of the seal