Utah Real Estate: Property Tax and Title Insurance ch 23 Questions and Correct Answers | Latest Update
12 views 0 purchase
Course
Utah Real Estate
Institution
Utah Real Estate
Ad Valorem Tax
-:- A tax levied according to the value of the property
Alta or Lender's Policy
-:- The lender's title insurance policy which offers coverage in the
amount of the loan which includes a site visit to discover unrecorded
encumbrances
Assessed Value
-:- A percentage of the a...
title, including records of taxes, special assessme nts, judgements,
mortgages, and trust deeds.
Board of Equalization
✓ -:- The body of appeal if you think your property tax appraisal is too
high.
Chain of Title or Abstract of Title
✓ -:- A historical record of land ownership and liens or encumbrances
against the property. (history of ownership)
Cloud on Title
✓ -:- A term that refers to any kind of lien or encumbrance against the
title. (title is not clear)
Extended Coverage (Owner's policy) Title Insurance
✓ -:- Covers claims both on and off the recor d. It includes a site visit to
give protection against unrecorded liens and encumbrances, such as
mechanic's liens, as well as defect in the land itself, such as unrecorded
2|P a g e | G r a d e A + | 2 0 2 0 2 5
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.