ESCROW EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.

The escrow holder's agency to the principals - Answer-escrow's agency to the principals is limited in scope, responsible only for carrying out the duties as specified in the escrow instructions. The escrow holder is not held to the same full disclosure requirements as those of a general agent. ...

Title & Escrow - Answer-Escrow and title insurance typically go hand-in-hand together in real estate sales or financing types of transactions. Many times, a title insurance company will offer escrow services as well, or escrow can be offered by a separate company dedicated solely to escrow functio...

The best way to discover defects on a title is by: - Answer-a search of title A title search will reveal the chain of title and any defects that may exist against the title. The CLTA standard form title insurance policy insures against - Answer-forgery of a deed. It insures matters of record not ...

Principle meridian - Answer-The north-south lines separating townships 5 ways to acquire property - Answer-Occupancy Accession Transfer Will Succession Escrow agent - Answer-any person engaged in the business of receiving escrows for deposit or delivery Metes and bounds - Answer-A method of l...

How much can you spend on a special event for a client? - Answer-$75 Encumbrances - Answer-A claim, lien, charge, or liability attached to and binding real property Solvency - Answer-the possession of assets in excess of liabilities; ability to pay one's debts. Escrow - Answer-is the process of ...

Escrow - Answer-(legal process) by which complex sale, exchange, or loan transaction involving real property is brought to completion. Escrows Required by law - Answer-Probated Property- in court dispute Impound AccountsLiquor LicensesNegotiable SecuritiesEscrows Recommended - Answer-Sales of Rea...

An Escow is an arrangement that: (Select all that apply) (A) holds documents (B) holds funds (C) creates documents to affect a transfer of interest in a property (D) acts as an attorney (E) is responsible for guaranteeing funds - Answer-(A) holds documents (B) holds funds (C) creates documen...

50 When a buyer assumes an existing loan, he or she signs: - Answer-B. an assumption agreement with the lender. 51 If the buyer fails to perform in meeting the obligations under the loan the lender will probably file a: - Answer-Notice of Default 52 A resident can be protected from judgment that...

An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. - Answer-A, B, C, E When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) i...