Fundamentals of Surveying (FS) Practice Exam

What is the definition of a title abstract?

1. A conveyance that transfers title

2. A description of a piece of property

3. A history of transfers of title in chronological order

4. An insurance policy

The correct answer is: A history of transfers of title in chronological order

A title abstract is a comprehensive summary that outlines the history of ownership and transfers of a particular piece of property. It includes important details such as the names of previous owners, the dates of transactions, and any liens or encumbrances that might affect the property. This chronological record is vital for understanding the legal standing of the property and ensuring that the title is clear before a sale is finalized or a mortgage is issued. The other options do not capture the essence of a title abstract. For instance, a conveyance that transfers title refers to the actual document or transaction that conveys ownership, rather than summarizing the history of that ownership. A description of a piece of property typically outlines its physical attributes and boundaries, but does not provide the legal history associated with its title. An insurance policy, while related to properties, offers protection against loss but is separate from the historical context of the property’s title. Thus, the definition aligned with the history of transfers of title in chronological order aptly describes what a title abstract is.