Title Escrow Exam Study Guide Utah Questions With 100% Verified Answers
0 view 0 purchase
Course
Title Escrow
Institution
Title Escrow
Title Escrow Exam Study Guide Utah
Questions With 100% Verified Answers
How much can you spend on a special event for a client? - answer$75
Encumbrances - answerA claim, lien, charge, or liability attached to and binding real property
Solvency - answerthe possession of assets in excess of liabi...
How and when do we notify the insurance commissioner of change? - answer✔30 days of
change and in writing
The___________________________ has all the powers reasonable and necessary to enable him
to reform the duties imposed by hid title. - answer✔Commissioner
How many years must an escrow officer keep recorded documents? - answer✔3 years
Searches must be maintained for ____ years. - answer✔15
An annual report which contains a statement of financial condition must be filed with the
________________ _______________. - answer✔Insurance Department
What are the three types of agent authority? - answer✔express, implied, apparent
Express Authority - answer✔the authority of an agent, stated in the document or agreement
creating the agency
Implied Authority - answer✔Authority that is not expressed or written into the contract, but
which the agent is assumed to have in order to transact the business of insurance for the
principal.
Apparent Authority - answer✔The appearance or the assumption of authority based on the
actions, words, or deeds of the principal or because of circumstances the principal created.
Conveyances - answer✔A transfer of title to, or an interest in land, from one person to another
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller sirjoel. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
