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Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. A statement included on a title commitment such as "record warranty deed from the owner shown in Schedule A vesting title in the proposed insured" is an example of a
A) standard exception.
B) requirement.
C) post policy event.
D) condition.
2. Obtaining and recording releases of mortgages and reconveyances of trust deeds satisfied at closing is considered part of what process?
A) marketing
B) pre-closing
C) post-closing
D) disbursement
3. Which of the following is considered a voluntary lien?
A) Real estate tax lien.
B) Mortgage lien.
C) Construction lien.
D) State tax lien.
4. A real estate interest that passes at death by operation of law to the surviving title holder is known as
A) real estate contract interest.
B) joint tenancy.
C) fee simple estate.
D) tenancy in common.
5. The sale of a property was subject to the buyer's being able to assume an existing loan on the property. Upon examination, the note was found to contain a clause that prohibited the assumption of the loan. The clause was
A) a due-on-sale clause.
B) a subordination clause.
C) a prepayment clause.
D) an assumption clause.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: A |
2 Customer ReviewsCustomers Feedback (* Some similar or old comments have been hidden.)
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