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Maryland Title Producers Insurance Exam Questions and Complete Solutions Graded A+ $14.49   Add to cart

Exam (elaborations)

Maryland Title Producers Insurance Exam Questions and Complete Solutions Graded A+

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  • Course
  • NJ Real Estate
  • Institution
  • NJ Real Estate

Maryland Title Producers Insurance Exam Questions and Complete Solutions Graded A+

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  • August 23, 2024
  • 20
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • NJ Real Estate
  • NJ Real Estate
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Maryland Title Producers
Insurance Exam
Questions and Complete
Solutions Graded A+

Denning [Date] [Course title]

,Trustee's deed - Answer: A deed executed by a trustee (bankruptcy trustee, substitute trustee or

personal representative). A trustee's deed generally does not provide any warranties with



Trustee - Answer: One who holds property in trust for another to secure the performance of an

obligation. Third party under a deed of trust.



Title Insurance - Answer: Insurance designed to indemnify against loss resulting from defects in title.



A Title Contract that states that if the conditions are satisfied, a title policy will be issued.

A. Covenant

B. CCR

C. Compact

D. Commitment - Answer: D. Commitment



What is the definition of the legal term, Presumption.

A. A document need not be notarized

B. Property is assumed to be public

C. Property is assumed to be private

D. Something may be assumed without proof - Answer: D. Something may be assumed without proof



In an insurance contract who makes the offer?

A. The agent

B. The applicant

C. The insurer

D. The government - Answer: The applicant



A clause in a mortgage that states that the rights of the holder of the mortgage are subordinate to a
subsequent lien is called a:

A. loan to value clause

, B. lien clause

C. future lien clause

D. subordination clause - Answer: D. subordination clause



Which term is used to denote a security in which risk is exchanged by two parties?

A. Trade

B. Shuffle

C. Swap

D. Switch - Answer: C. Swap



Generally, judgement liens are effective for:

A. 3 to 5 years

B. An amount determined by state law

C. 5 to 10 years

D. 2 years - Answer: A. 3 to 5 years



Who does an escrow agent represent?

A. The courts

B. The buyer only

C. Both the buyer and the seller

D. The seller only - Answer: C. Both the buyer and the seller



A homeowner takes out a second mortgage on a home. Due to an error by the title company, the first
mortgage was never recorded. The second mortgage is recorded, The first mortgage

A. has a lower lien priority than the second mortgage

B. has equal lien priority with the second mortgage

C. has lien priority over the second mortgage

D. is not recorded, so is not a lien on the property. - Answer: D. is not recorded, so is not a lien on the
property

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