Examlex

Solved

The First Section of the CPT Code Book Is

question 56

Multiple Choice

The first section of the CPT code book is:


Definitions:

Warranty of Title

A guarantee provided by a seller that they have the right to sell the property and that it is not encumbered by any undisclosed liens or claims.

Encumbrances

Legal claims or liabilities attached to property that affect its use, value, or transfer, such as mortgages, liens, or easements.

Title Insurance

Insurance policy that protects property buyers and lenders against loss or damage due to defects or issues with the property's title.

Real Property

Land, and generally whatever is erected or growing on or affixed to the land, including buildings and crops.

Related Questions