COMPLETE PACKAGE::-TITLE PRODUCER EXAMS WITH COMPLETE SOLUTIONS

NJ Title Producer Title Final Exam with Complete Solutions "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their o...

Missouri Title Producer Exam; Questions and Answers 100% Solved Title Insurance Correct answer-An insured statement of condition of title or ownership of real property. Once Correct answer-How often can you charge for an insurance premium for title insurance? Owner's Policy Correct answer-...

Missouri Title Producer Exam Title Insurance Terms; 100% Solved Title Insurance Correct answer-Insured statement of the condition of title or ownership of real property. One-time only premium. Named insured and heirs protected against title defects, liens and encumbrances as of the date of po...

Title Producer Exam; Questions and Answers 100% Solved Statute of limitations for: Adverse possession Correct answer-30 yrs (20 yrs common law) Statute of limitations for: Federal estate tax Correct answer-10 yrs Statute of limitations for: Inheritance tax Correct answer-15 yrs Statute o...

Title Producer Exam; Questions and Answers 100% Solved What is the county transfer rate? Correct answer-$0.55 per $500 When does a mortgage expire? Correct answer-30 years after the due date OR 30 years after the recording if there is no due date. The right to possess, use and enjoy land can ...

Missouri Title Producer Exam Methods of Transfers/Conveyances; Questions and Answers 100% Solved Warranty Deed Correct answer-A deed used to convey real property which contains warranties of title and quiet possession and the grantor thus agrees to defend the premises against the lawful claim...

Maryland Title Producer Insurance Glossary; Questions and Answers 100% Solved Abstract of Title Correct answer-A representation of the state of title to property based on a review of the records that impart constructive notice relating to title to property in the State... A brief, chronologi...

Michigan State Title Insurance Exam(Title Exam Study Set); Questions and Answers 100% Solved Metes and Bounds Correct answer-A system describing real estate that uses feet, degrees and a point of beginning is Loan Policy Correct answer-The mortgage debt will be paid by the borrowers is not i...

Title Insurance Producer; Questions and Answers 100% Solved What does ALTA mean? Correct answer-American land Title Association All of the following are characteristics of an ALTA loan policy Correct answer-Exceptions Exclusions Conditions Chain of Title Correct answer-A listing of the chrono...

Title Producer Study Set; Questions and Answers 100% Solved 1 Acre( = X Feet) Correct answer-43,560 square feet( = What Area) 1 Chain( = X Feet) Correct answer-66 Feet( = What length) 1 Mile (= X Feet) Correct answer-5,280 Feet( = What length) Area of a Section Correct answer-1 Square Mile / 6...

Missouri Title Producer Exam Title Insurance Laws and Regulations; Questions and Answers 100% Solved Premium tax Correct answer-A type of indirect tax levied on general insurance premiums. Cashiers Check Correct answer-A check drawn on a financial institution. Certified funds Correct answer-A f...

New Jersey Life Producer: Laws and Regulations; Questions and Answers 100% Solved legislative, executive, and judicial (the courts) Correct answer-what branches regulate the insurance industry? Paul v. Virginia (1869) Correct answer-courts rules that insurance is not commerce, and the states...

Title Insurance Producer (Notes – Revised); Questions and Answers 100% Solved Schedule B1 of title commitment is reserved for Correct answer-legal requirements. Conditions that must be met prior to settlement and the issuance of a policy. example: execution/recording of deed payoff/release ...