Question 1

Which of the following most correctly describes "chain of title"?

Accepted Answer

A)  Boundary descriptions of the property 
B)  Encumbrances which prevent use of the land 
C)  Succession of property owners 
D)  Recording laws 
A)  Boundary descriptions of the property 
B)  Encumbrances which prevent use of the land 
C)  Succession of property owners 
D)  Recording laws

Question 2

Choose the one most appropriate answer for each.
-possessed by;owned by

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 3

A formal declaration by a person signing that he or she did, in fact, sign the document is called a jurat.

Accepted Answer

A) True 
 B)False

Question 4

A title defect is also known as a title ____________________.

Accepted Answer

The answer of A title defect is also known as...

Question 5

Choose the one most appropriate answer for each.
-insurance to protect a property owner against monetary loss if his title is found to be imperfect

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 6

Choose the one most appropriate answer for each.
-where information on judgments against recent owners may be found

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

Albert owns a certain parcel of land. You cold most easily find Albert's name and this parcel listed in the

Accepted Answer

A)  grantee index. 
B)  grantor index. 
C)  trustor index. 
D)  lis pendens index. 
A)  grantee index. 
B)  grantor index. 
C)  trustor index. 
D)  lis pendens index.

Question 8

Deeds are recorded

Accepted Answer

A)  to provide constructive notice of their existence. 
B)  because the law requires it. 
C)  to satisfy a lender. 
D)  to give actual notice. 
A)  to provide constructive notice of their existence. 
B)  because the law requires it. 
C)  to satisfy a lender. 
D)  to give actual notice.

Question 9

A(n)____________________ of ____________________ is the linkage of property ownership that connects the present owner to the original source of title.

Accepted Answer

The answer of A(n)____________________ of ____________________ is the linkage of...

Question 10

A lender's title insurance policy is also known as a ____________________ policy.

Accepted Answer

The answer of A lender's title insurance policy is also...

Question 11

Documents are recorded by

Accepted Answer

A)  placing the original document on file in the recorder's office. 
B)  submitting the original document which is photocopied and placed on file. 
C)  copying the original document and returning it and the copy to the grantor. 
D)  filing the name and address of the property owner. 
A)  placing the original document on file in the recorder's office. 
B)  submitting the original document which is photocopied and placed on file. 
C)  copying the original document and returning it and the copy to the grantor. 
D)  filing the name and address of the property owner.

Question 12

Title insurance has made titles to land much more ____________________.

Accepted Answer

The answer of Title insurance has made titles to land...

Question 13

A formal declaration by a person signing a document that he or she, in fact, did sign the document is called a(n)____________________.

Accepted Answer

The answer of A formal declaration by a person signing...

Question 14

A notary public's commission expires on January 1, 2010. He may take a valid acknowledgement

Accepted Answer

A)  if he applied for renewal before that date. 
B)  within 30 days after that date. 
C)  through January 1, 2010. 
D)  any time, because notaries are commissioned for life. 
A)  if he applied for renewal before that date. 
B)  within 30 days after that date. 
C)  through January 1, 2010. 
D)  any time, because notaries are commissioned for life.

Question 15

The amount of coverage provided by a lender's title policy stays constant over the life of the policy.

Accepted Answer

A) True 
 B)False

Question 16

A title report usually includes all of the following EXCEPT

Accepted Answer

A)  the property description. 
B)  the conditions of the purchase agreement for this sale. 
C)  a list of recorded objections for claims to title. 
D)  a statement that there could be unrecorded matters that encumber title. 
A)  the property description. 
B)  the conditions of the purchase agreement for this sale. 
C)  a list of recorded objections for claims to title. 
D)  a statement that there could be unrecorded matters that encumber title.

Question 17

Title insurance is typically purchased after a property is purchased.

Accepted Answer

A) True 
 B)False

Question 18

All of the following real estate documents are usually recorded EXCEPT

Accepted Answer

A)  a mortgage. 
B)  an easement. 
C)  a 99-year lease. 
D)  a promissory note. 
A)  a mortgage. 
B)  an easement. 
C)  a 99-year lease. 
D)  a promissory note.

Question 19

Almost all states use the tract indexing system.

Accepted Answer

A) True 
 B)False

Question 20

Choose the one most appropriate answer for each.
-a title policy written to protect a real estate lender

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

Exam 5: Recordation Abstracts and Title Insurance

Which of the following most correctly describes "chain of title"?

Choose the one most appropriate answer for each. -possessed by;owned by

A formal declaration by a person signing that he or she did, in fact, sign the document is called a jurat.

A title defect is also known as a title ____________________.

Choose the one most appropriate answer for each. -insurance to protect a property owner against monetary loss if his title is found to be imperfect

Choose the one most appropriate answer for each. -where information on judgments against recent owners may be found

Albert owns a certain parcel of land. You cold most easily find Albert's name and this parcel listed in the

Deeds are recorded

A(n)____________________ of ____________________ is the linkage of property ownership that connects the present owner to the original source of title.

A lender's title insurance policy is also known as a ____________________ policy.

Documents are recorded by

Title insurance has made titles to land much more ____________________.

A formal declaration by a person signing a document that he or she, in fact, did sign the document is called a(n)____________________.

A notary public's commission expires on January 1, 2010. He may take a valid acknowledgement

The amount of coverage provided by a lender's title policy stays constant over the life of the policy.

A title report usually includes all of the following EXCEPT

Title insurance is typically purchased after a property is purchased.

All of the following real estate documents are usually recorded EXCEPT

Almost all states use the tract indexing system.

Choose the one most appropriate answer for each. -a title policy written to protect a real estate lender

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 the linkage of property ownership that connects the present owner to the original source of title.