1. Real Estate Principles Tenth Edition Real Estate: An Introduction to the Profession Tenth Edition

2. Chapter 6 Recordation, Abstracts, and Title Insurance _________________________

3. Public Records Constructive Notice – recording documents. Actual Notice – knowledge based on what one has seen, heard, read, or otherwise observed.

4. The Recorder’s Role The public recorder’s office serves as a central information station for changes in rights, estates, and interests in land.

5. Acknowledgment for an Individual

6. Chain of Title

7. Ownership Proof Abstract of Title Title Insurance Title commitment Policy premiums Lender’s policy Claims for losses

8. Title Insurance PostPurchase/TodayFuture Title but compare Car, Health Homeowner

9. Sample Title Report

10. Sample Title Report (continued)

11. Marketable Title Marketable title is one free from reasonable doubt as to who the owner is. Marketable Title Act – stops claims to rights or interest in land that have been inactive for longer than the required statutory period.

12. Key Terms Abstract of title Acknowledgment Actual notice Chain of title Constructive notice Marketable title Public recorder’s office Quite title suit Title insurance Torrens system