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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Title Exceptions and Procedures for Clearing Title | 21% | - Liens and encumbrances
- Property-related issues
|
| Topic 2: Title Insurance Principles | - Title insurance policies
| |
| Topic 3: General Insurance Concepts | 3% | |
| Topic 4: Insurance Regulation | 12% | - Company regulation
|
Question 1
What must accompany the satisfaction piece when presented for recording?
A. The payment record
B. The certificate of title
C. The final receipt
D. The original mortgage instrument
Question 2
In 1990, Eddie granted to Bob an easement to cross Eddie's land to reach some hunting grounds off the highway. The easement was depicted on a plat of survey recorded in the county land records. In 1995, Bob stopped hunting and has not used the easement since. Bob never intends to go back there again. How can Eddie get rid of the easement that crosses his property, so that Eddie can sell the land free of the easement?
A. Eddie can sell the land without regard for the easement because Bob stopped using it in 1995.
B. Eddie can sell if Bob executes a release of the easement and it is filed at the recorder's office.
C. The easement can be considered abandoned because Bob no longer hunts and has no intention to use the easement in the future.
D. Bob must join Eddie in the execution of the contract to the new buyer to release the new buyer from the effects of the easement.
Question 3
Which of the following can be licensed as a title insurance agent?
A. an officer of a title company
B. an approved attorney
C. an employee of a title company
D. a legal entity
Question 4
A state tax lien filed in the county where the taxpayer owns property is
A. only a lien against the property described in the lien.
B. only a lien upon the sale of the property.
C. a lien that remains in force for a 3-year period.
D. a lien against any property owned by the taxpayer in the county.
Question 5
A deed was properly completed and executed. Title to the property passed when the deed was
A. signed.
B. accepted by the grantee.
C. acknowledged.
D. recorded.
Solutions:
| Question 1 Answer: D | Question 2 Answer: B | Question 3 Answer: D | Question 4 Answer: D | Question 5 Answer: B |
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