Học Thi Real Estate License ở California: The role of Escrow and Title Insurance Companies

1. 
On aclosing statement, due and unpaid taxes would be:


2. 
A home is sold on August 31, with taxes being prorated.


3. 
Which of the following will not terminate an escrow?


4. 
A title insurance company is least likely to physically inspect property for:


5. 
Recording costs on an escrow would be paid by:


6. 
A 30 day escrow cannot be completed during the set time.
7. 
Escrow companies are primarily under the jurisdiction of the:


8. 
Which of the following is not covered by an extended-coverage policy of title insurance?
9. 
In the absence of a closing date, the escrow should close:
10. 
Possesion in a real estate sale, in the absence of any aggreement, should be given:
11. 
The closing statements the buyer and seller get from escrow:


12. 
An impound account would belong to:


13. 
On an escrow the daily prorated charge for a three-year insurance policy costing $97.20 would be:


14. 
Title plant refers to all records relative to real estate transactions in a:
15. 
A broker gets a deal into escrow. After all papers are signed, both the buyer and the seller die. The escrow agent should:


16. 
A title company holding papers for an escrow is a(n):


17. 
A preliminary title report:


18. 
An item such as "liens to be assumed by buyer" would be found in a seller's closing statement under:


19. 
An escrow company may:


20. 
An escrow prorates based on ___ days in a year.


21. 
To obtain marketable title, a person who is claiming his or her interest under adverse possession could:
22. 
Title insurance is not available if:
23. 
The term binding contract and conditional delivery describes:
24. 
On a real estate closing statement, prepaid rent is always a:


25. 
Closing is scheduled for May 20, 2012; the second property tax installment has been paid. On the buyer's closing statement, taxes are:


26. 
The usual way for a buyer to ensure that he or she is getting marketable title is to obtain:
27. 
An escrow officer alters a deed after it has been signed to convey property other than agreed.


28. 
Which of the following is not a credit in a seller's closing statement?


29. 
The signed escrow instructions disagree with the prior purchase contract. As to the disagreement, which of the following is true?


30. 
Escrow would be automatically canceled by:
31. 
A buyer would be protected against a right of a party in possession by:
32. 
A standard policy of title insurance does not cover:


33. 
A buyer would get the least protection from:


34. 
Escrow closes on the 15th day of February (28 days). The seller receives $500 rent for the month of February. The seller:


35. 
Who has primary responsibility for reporting sale information to the IRS?


36. 
In a buyer's closing statement, the selling price is:


37. 
On a closing statement, an existing mortgage that is to be assumed by the buyer would be shown as:
38. 
A buyer's escrow statement would not show:


39. 
The files of a title company of recorded documents on microfilms are known as:
40. 
Which of the following, prorated, would be a credit on the seller's closing statement?


41. 
A seller delivers a grant deed to escrow after escrow instructions have been signed. He asks that it be returned to him so that he can have an attorney check it.


42. 
Which of the following is false?


43. 
A sale takes place on January 1. There is $1,800 in the impound account. Proration would be:


44. 
A buyer assumes a trust deed. On the buyer's closing statement, it would be shown as a:


45. 
An extended-coverage policy of title insurance does not cover:


46. 
An escrow agent is most likely to get into trouble if he or she:


47. 
The exact history of vonveyances and encumbrances affecting title to a property is called:


48. 
A broker can, without being licensed as an escrow, handle the escrows on transactions where he or she:
49. 
Which of the following may not engage in the escrow business?


50. 
A fire insurance policy cost $360 for three years. Six-and-a-half months after the insurance policy is taken out, the building is sold, and the policy is assumed. On a closing statement.


51. 
In an escrow statement, the term recurring costs pertains to:


52. 
Impounds refers to:


53. 
The broker's commission is normally paid:


54. 
The Rebate Law:


55. 
A standard policy of title insurance covers:


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