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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Insurance Regulation | 12% | - Title insurance law requirements
|
| Topic 2: Title Insurance Principles | - Policy structure
| |
| Topic 3: General Insurance Concepts | 3% | |
| Topic 4: Title Exceptions and Procedures for Clearing Title | 21% | - General exceptions - Property-related issues
|
1. Obtaining and recording releases of mortgages and reconveyances of trust deeds satisfied at closing is considered part of what process?
A) marketing
B) pre-closing
C) disbursement
D) post-closing
2. A real estate interest that passes at death by operation of law to the surviving title holder is known as
A) fee simple estate.
B) joint tenancy.
C) tenancy in common.
D) real estate contract interest.
3. All of the following are subject to false advertising regulations EXCEPT
A) statements.
B) letters.
C) gifts.
D) circulars.
4. Which of the following types of deeds provides the purchaser of real estate the greatest protection?
A) general warranty deed
B) quitclaim deed
C) trustee's deed
D) deed in trust
5. When a land owner uses his land as security for a loan, the encumbrance created is called
A) a promissory note.
B) an involuntary lien.
C) a special security.
D) a mortgage.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: D |
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