Real Estate Exam [National] 21, Chain of Title and Abstract Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • Chain of title is the chronological list of all previous owners and represents the sequential links of ownership. • Abstract of title is a condensed summary of all recorded documents including deeds, mortgages, liens, and easements. • A suit to quiet title or a quitclaim deed is typically used by owners to fix a broken chain or cloud on title. • Title examiners generally search public records for at least forty years to establish a marketable title for the buyer. • An abstract is only a report of the public record and does not provide the protection of title insurance or a guarantee of validity. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep