Question 1

A Torrens certificate of title does which of the following?

Accepted Answer

A)  Grants title 
B)  Alienates title 
C)  Eliminates the need to search back further in time than the most recent quiet title action 
D)  Guarantees against encroachments 
A)  Grants title 
B)  Alienates title 
C)  Eliminates the need to search back further in time than the most recent quiet title action 
D)  Guarantees against encroachments C

Question 2

What is an abstract of title?

Accepted Answer

A)  Title insurance 
B)  A history of all recorded activity affecting a parcel of real estate 
C)  A judgement on real property 
D)  A patent 
A)  Title insurance 
B)  A history of all recorded activity affecting a parcel of real estate 
C)  A judgement on real property 
D)  A patent B

Question 3

The recording of an instrument in the proper county provides the public with

Accepted Answer

A)  constructive notice. 
B)  final notice. 
C)  bona fide notice. 
D)  after-acquired notice. 
A)  constructive notice. 
B)  final notice. 
C)  bona fide notice. 
D)  after-acquired notice. A

Question 4

Most title insurance does not insure against

Accepted Answer

A)  public records. 
B)  unrecorded liens. 
C)  easements of record. 
D)  encumbrances of record. 
A)  public records. 
B)  unrecorded liens. 
C)  easements of record. 
D)  encumbrances of record.

Question 5

A preliminary title insurance report will show all of the following EXCEPT

Accepted Answer

A)  unrecorded easements. 
B)  mortgages of record. 
C)  property taxes and assessments. 
D)  judgements against the seller. 
A)  unrecorded easements. 
B)  mortgages of record. 
C)  property taxes and assessments. 
D)  judgements against the seller.

Question 6

A request for a court-appointed hearing to determine the lawful ownership of a parcel of land is called a

Accepted Answer

A)  cloudy title suit. 
B)  quiet title suit. 
C)  partition suit. 
D)  eminent domain suit. 
A)  cloudy title suit. 
B)  quiet title suit. 
C)  partition suit. 
D)  eminent domain suit.

Question 7

When a title defect must be removed, a quiet title suit may be the best solution.

Accepted Answer

A) True 
 B)False

Question 8

A(n)____________________ of ____________________ is a complete historical summary of all recorded documents affecting the title of a property.

Accepted Answer

The answer of A(n)____________________ of ____________________ is a complete historical...

Question 9

Choose the one most appropriate answer for each.
-a system for listing recorded documents affecting a particular tract of land

Accepted Answer

A) abstract of title 
B) abstracter 
C) actual notice 
D) certificates of title 
E) constructive notice
F)inquiry notice
G)judgment rolls
H)lender's policy
I)lis pendens index
J)notary public
K)opinion of title
L)owner's policy
M)quiet title suit
N)reissue rates
O)title cloud
P)title plant
Q)title report
R)tract index
S)vested
T)witness 
A) abstract of title 
B) abstracter 
C) actual notice 
D) certificates of title 
E) constructive notice
F)inquiry notice
G)judgment rolls
H)lender's policy
I)lis pendens index
J)notary public
K)opinion of title
L)owner's policy
M)quiet title suit
N)reissue rates
O)title cloud
P)title plant
Q)title report
R)tract index
S)vested
T)witness

Question 10

Any subsequent purchasers of a property must obtain a new policy if they desire title insurance.

Accepted Answer

A) True 
 B)False

Question 11

Title that is free from reasonable doubt as to who is the owner and his ability to convey the property, is called

Accepted Answer

A)  marketable title. 
B)  cloudy title. 
C)  naked title. 
D)  colorful title. 
A)  marketable title. 
B)  cloudy title. 
C)  naked title. 
D)  colorful title.

Question 12

If a chain of title is broken, one must search outside the recorder's office by searching probate court records and civil court actions to regain the title sequence.

Accepted Answer

A) True 
 B)False

Question 13

Choose the one most appropriate answer for each.
-a duplicate set of public records maintained by a title company

Accepted Answer

A) abstract of title 
B) abstracter 
C) actual notice 
D) certificates of title 
E) constructive notice
F)inquiry notice
G)judgment rolls
H)lender's policy
I)lis pendens index
J)notary public
K)opinion of title
L)owner's policy
M)quiet title suit
N)reissue rates
O)title cloud
P)title plant
Q)title report
R)tract index
S)vested
T)witness 
A) abstract of title 
B) abstracter 
C) actual notice 
D) certificates of title 
E) constructive notice
F)inquiry notice
G)judgment rolls
H)lender's policy
I)lis pendens index
J)notary public
K)opinion of title
L)owner's policy
M)quiet title suit
N)reissue rates
O)title cloud
P)title plant
Q)title report
R)tract index
S)vested
T)witness

Question 14

Most states do not require that documents be acknowledged before being eligible for recording.

Accepted Answer

A) True 
 B)False

Question 15

Mortgages, judgments and trust deeds are usually recorded however, 6-month leases are not.

Accepted Answer

A) True 
 B)False

Question 16

Notice given by the public records and by visible possession, coupled with the legal presumption that all persons are thereby notified is called ____________________ notice.

Accepted Answer

The answer of Notice given by the public records and...

Question 17

An instrument effecting the title to a parcel of real estate gives constructive notice to the world when it is recorded with the

Accepted Answer

A)  county recorder. 
B)  city clerk. 
C)  real estate commissioner. 
D)  title insurance company. 
A)  county recorder. 
B)  city clerk. 
C)  real estate commissioner. 
D)  title insurance company.

Question 18

Which of the following is true of an acknowledgement?

Accepted Answer

A)  It may be witnessed by a notary public. 
B)  Many states require that deeds be acknowledged before title passes. 
C)  The notary must attest that the deed is valid. 
D)  It is required by the Statute of Frauds. 
A)  It may be witnessed by a notary public. 
B)  Many states require that deeds be acknowledged before title passes. 
C)  The notary must attest that the deed is valid. 
D)  It is required by the Statute of Frauds.

Question 19

Title insurance premiums are paid

Accepted Answer

A)  annually. 
B)  semi-annually. 
C)  upon assumption of the loan. 
D)  at the inception of the policy. 
A)  annually. 
B)  semi-annually. 
C)  upon assumption of the loan. 
D)  at the inception of the policy.

Question 20

Standard owner's title insurance premiums are paid only once, when the policy is issued.

Accepted Answer

A) True 
 B)False

Exam 5: Recordation Abstracts and Title Insurance

A Torrens certificate of title does which of the following?

What is an abstract of title?

The recording of an instrument in the proper county provides the public with

Most title insurance does not insure against

A preliminary title insurance report will show all of the following EXCEPT

A request for a court-appointed hearing to determine the lawful ownership of a parcel of land is called a

When a title defect must be removed, a quiet title suit may be the best solution.

A(n)____________________ of ____________________ is a complete historical summary of all recorded documents affecting the title of a property.

Choose the one most appropriate answer for each. -a system for listing recorded documents affecting a particular tract of land

Any subsequent purchasers of a property must obtain a new policy if they desire title insurance.

Title that is free from reasonable doubt as to who is the owner and his ability to convey the property, is called

If a chain of title is broken, one must search outside the recorder's office by searching probate court records and civil court actions to regain the title sequence.

Choose the one most appropriate answer for each. -a duplicate set of public records maintained by a title company

Most states do not require that documents be acknowledged before being eligible for recording.

Mortgages, judgments and trust deeds are usually recorded however, 6-month leases are not.

Notice given by the public records and by visible possession, coupled with the legal presumption that all persons are thereby notified is called ____________________ notice.

An instrument effecting the title to a parcel of real estate gives constructive notice to the world when it is recorded with the

Which of the following is true of an acknowledgement?

Title insurance premiums are paid

Standard owner's title insurance premiums are paid only once, when the policy is issued.

Nature and Description of Real Estate

Rights and Interests in Land

Forms of Ownership

Transferring Title

Contract Law

Real Estate Sales Contracts

Mortgage and Note

Deed of Trust

Lending Practices

The Loan and the Consumer

Sources of Financing

Types of Financing

Taxes and Assessments

Title Closing and Escrow

Real Estate Leases

Real Estate Appraisal

Licensing Laws and Professional Affiliation

The Principal-Broker Relationship: Employment

The Principal-Broker Relationship: Agency

Fair Housing, Ada, Equal Credit, and Community Reinvestment

Condominiums, Cooperatives, Puds, and Timeshares

Property Insurance

Land-Use Control

Real Estate and the Economy

Investing in Real Estate

Filters

A(n) of is a complete historical summary of all recorded documents affecting the title of a property.