100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
FL Title exam questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating $7.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Commercial Construction
  4.  
  5. Commercial Construction

Exam (elaborations)

FL Title exam questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating
 6 views  0 purchase
  • Course
  • Commercial Construction
  • Institution
  • Commercial Construction

FL Title exam questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

Preview 3 out of 16  pages

Document information

  • August 5, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • fl title exam
  • fl title exam questions and correct answers elabo

Written for

  • Commercial Construction
  • Commercial Construction

Seller

avatar-seller
AnswersCOM

Reviews received

Content preview

FL Title exam
"Amount of insurance" is defined as the amount of insurance stated in - ANS-Schedule A

2006 ALTA endorsement which applies to condominiums: - ANS-ALTA 4.1-06

a chronological history of all recorded instruments affecting title specified parcel of land is known
as a/an - ANS-Abstract of title

a federal tax lien is good for 10 years plus 30 days from date of assessment referenced in the
lien, with refiling extending the lien for an additional ____ years. - ANS-10

A general warranty deed holds Grantor liable for actions of: - ANS-1. Grantor
2. Predecessors in title

a guardian must _________ for authorization to perform, or doing any acts such as selling the
wards property. - ANS-petition the court

A legal description defines: - ANS-boundaries of the land being transferred or encumbered

A mean high water line is: - ANS-the mark on shore to which high tide rises during normal
weather condition

a metes and bounds description defines the land by: - ANS-distances and angles

A mortgage title insurance may NOT be issued for less than the: - ANS-Full principal debt

A natural increase of land upon the shore of bank of a river or stream due to the gradual
washing or motion of water and addition of materials is known as: - ANS-Accretion

a partnership in dissolution may: - ANS-wind down business affairs

(can't carry on business as usual)

a perfected lien, NOT a dischargeable debt, properly filed in bankruptcy proceedings: -
ANS-remains a lien on all property owned or thereafter acquired by the debtor.

a road constructed by a non government entity that has been maintained or repaired by the
government continuously and uninterruptedly for _____ years is deemed dedicated o the public.
- ANS-7

,a road constructed by the county, municipality department of transportation that has been
maintained or repaired by the government continuously and uninterruptedly for _____ years is
deemed dedicated o the public. - ANS-4

a sophisticated scammer targeting business that regularly perform wire transfer payment is
______? - ANS-Business email compromise

a surveyors certificate must include: - ANS-1.surveyors signature
2.surveyors certificate number
3.date of survey
4. certification to proper parties

a title agency acting in the capacity of escrow agent is responsible for: - ANS-retaining
documents and funds until conditions are met

a title commitment: - ANS-1.reflects current status of title
2.sets forth requirements that must be met to insure title
3. lists exceptions to title that will carry over to final policy
4. commits to insurer title based on the info set forth in the commitment

a title insurance policy may not be issued from a search performed by any person other than a
title insurance agent, or an employee of a title insurance agency, unless that person has: -
ANS-errors and omissions insurance with minimum coverage limits of $25,000 and max
deductible of $10,000

a united states judgment, once filed in the jurisdiction in which the subject property is located,
remains a lien for _____ years and may be refiled, extending it an additional _____ years. -
ANS-20 plus 20

A will or codicil may be ________ at the time of its execution or at any subsequent date by the
acknowledgment of it by the testator and the affidavits of the witness, made before an
authorized officer to administer oaths and evidence by the officers certificate attached to or
following the will. - ANS-self-proved

a/an _____ is where an existing mortgage is made secondary to a new mortgage -
ANS-subordinate

a/an __________ to the will must be executed with the same formalities as a will. - ANS-Codicil




-an amendment or revision to a will generally supplementing or canceling a specific clause

, adverse possession of real property takes _____ years of hostile, open, continuous, exclusive,
actual, notorious use by the adverse possessor. - ANS-7

ALTA 2006 form title insurance policies: - ANS-provide automatic survey coverage

an ordinary high water line is: - ANS-the commonly designated water mark for non-tidal waters

An owners policy must be issued for a full insurable value of: - ANS-The premises

another name for us government survey method is: - ANS-rectangular surve method

any defect, lien, or encumbrance on title of record prior to date of policy is considered to be: -
ANS-inherent in the title

any material, regardless of physical form, on which personal information is recorded or
preserved by any means is: - ANS-customer records

As provided by the florida constitution , the descendants homestead property is ________ if the
owner is survived by a spouse or a minor child, except that the homestead may be devised to
the owners spouse if there is no minor child/dren. - ANS-not subject to devise

Closing definition includes: - ANS-1.preparing documents necessary to close transaction
2. conducting closing
3. handling disbursement of funds related to the closing

Coinsurance includes: - ANS-1.separate but joining policies issued by 2 or more insurers
2.each insurer insures a percentage
3. on a claim each insurer pays out based on its percentage of shared risk

Condition 2, "Continuation of insurance" stipulates that coverage. ______ in favor of any
purchaser from the insure either 1. an estate or interest in the land of 2. an obligation secured
by a purchase money mortgage given to the inured. - ANS-shall not continue in force

Corporations may execute deeds under which of the following methods? - ANS-1.general
conveyancing: with 2 witnesses and no corporate seal
2. Corporate conveyancing with common or corporate seal and no witnesses

Each ________ is an agent of the limited partnership for purposes of its activities. -
ANS-General Partner

Encroachments should be shown as a/an ____ on final title policies. - ANS-Exception

evidence of the determination of insurability and reasonable title search must be maintained for
___ years after the commitment or policy is issued. - ANS-7

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 AnswersCOM. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

NSG 170 TEST #1: Sexuality & Reproduction; Questions and Answers
$7.99
  • (0)
  Add to cart