Question 1

Choose the one most appropriate answer for each.
-an opinion by an attorney as to who owns a parcel 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 2

People record deeds to provide constructive notice to the world.

Accepted Answer

A) True 
 B)False

Question 3

Of the two indexing systems, the ____________________ index is the simplest to use.

Accepted Answer

The answer of Of the two indexing systems, the ____________________...

Question 4

Information regarding pending law suits would be found in the

Accepted Answer

A)  lis pendens index. 
B)  judgement roles. 
C)  mortgagee index. 
D)  grantor index. 
A)  lis pendens index. 
B)  judgement roles. 
C)  mortgagee index. 
D)  grantor index.

Question 5

A deed, which is not recorded, is

Accepted Answer

A)  void. 
B)  voidable. 
C)  unenforceable. 
D)  valid. 
A)  void. 
B)  voidable. 
C)  unenforceable. 
D)  valid.

Question 6

Choose the one most appropriate answer for each.
-expert in the field of title search

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 7

Standard owner's title insurance coverage insures against all of the following EXCEPT

Accepted Answer

A)  unrecorded encroachments. 
B)  recorded easements. 
C)  recorded liens. 
D)  forgery of documents. 
A)  unrecorded encroachments. 
B)  recorded easements. 
C)  recorded liens. 
D)  forgery of documents.

Question 8

Owner's title insurance covers the mortgagee.

Accepted Answer

A) True 
 B)False

Question 9

Choose the one most appropriate answer for each.
-a publicly available index whereby a person can learn of any pending lawsuits that may affect title

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

Which statement is true of title insurance?

Accepted Answer

A)  It is required by law 
B)  It insures the owner against defects in title 
C)  It reveals all defects in the chain of title 
D)  It is only required for commercial property 
A)  It is required by law 
B)  It insures the owner against defects in title 
C)  It reveals all defects in the chain of title 
D)  It is only required for commercial property

Question 11

The Marketable Title Act, as presently used in the United States

Accepted Answer

A)  cuts off inactive claims to rights or interests. 
B)  offers state-sponsored title insurance. 
C)  guarantees title insurance. 
D)  automatically renews title insurance. 
A)  cuts off inactive claims to rights or interests. 
B)  offers state-sponsored title insurance. 
C)  guarantees title insurance. 
D)  automatically renews title insurance.

Question 12

A title insurance policy in favor of the mortgagee will insure the

Accepted Answer

A)  owner. 
B)  buyer. 
C)  buyer and seller. 
D)  lender. 
A)  owner. 
B)  buyer. 
C)  buyer and seller. 
D)  lender.

Question 13

Choose the one most appropriate answer for each.
-one who signs a document stating that they have witnessed a parties signature

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

When an attorney issues a certificate of title, he has based his opinion on an abstract of title.

Accepted Answer

A) True 
 B)False

Question 15

A public records office will record which of the following documents affecting land?

Accepted Answer

A)  Deed 
B)  Eviction notice 
C)  Six month lease 
D)  Bill of sale 
A)  Deed 
B)  Eviction notice 
C)  Six month lease 
D)  Bill of sale

Question 16

Choose the one most appropriate answer for each.
-claims to property rights the law presumes a reasonably diligent person would find through further investigation

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 17

When title is clouded by judgments against recent owners or pending lawsuits that might later affect title, information may be found in the judgment rolls or the lis pendens index.

Accepted Answer

A) True 
 B)False

Question 18

____________________ notice is knowledge that one has actually gained based on what one has seen, heard, read, or observed.

Accepted Answer

The answer of ____________________ notice is knowledge that one has...

Question 19

To be certain that the seller is actually the owner of the property, the buyer should order

Accepted Answer

A)  an estoppel certificate. 
B)  a general warranty deed. 
C)  a survey. 
D)  a title search. 
A)  an estoppel certificate. 
B)  a general warranty deed. 
C)  a survey. 
D)  a title search.

Question 20

Documents to be recorded are photocopied and then placed in alphabetic order.

Accepted Answer

A) True 
 B)False

Exam 5: Recordation Abstracts and Title Insurance

Choose the one most appropriate answer for each. -an opinion by an attorney as to who owns a parcel of land

People record deeds to provide constructive notice to the world.

Of the two indexing systems, the ____________________ index is the simplest to use.

Information regarding pending law suits would be found in the

A deed, which is not recorded, is

Choose the one most appropriate answer for each. -expert in the field of title search

Standard owner's title insurance coverage insures against all of the following EXCEPT

Owner's title insurance covers the mortgagee.

Choose the one most appropriate answer for each. -a publicly available index whereby a person can learn of any pending lawsuits that may affect title

Which statement is true of title insurance?

The Marketable Title Act, as presently used in the United States

A title insurance policy in favor of the mortgagee will insure the

Choose the one most appropriate answer for each. -one who signs a document stating that they have witnessed a parties signature

When an attorney issues a certificate of title, he has based his opinion on an abstract of title.

A public records office will record which of the following documents affecting land?

Choose the one most appropriate answer for each. -claims to property rights the law presumes a reasonably diligent person would find through further investigation

When title is clouded by judgments against recent owners or pending lawsuits that might later affect title, information may be found in the judgment rolls or the lis pendens index.

____________________ notice is knowledge that one has actually gained based on what one has seen, heard, read, or observed.

To be certain that the seller is actually the owner of the property, the buyer should order

Documents to be recorded are photocopied and then placed in alphabetic order.

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

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