The Role of Escrow and Title Insurance Companies

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RAO VẶT BUÔN BÁN NHÀ CỬARAO VẶT LITTLE SAIGON

 

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Bạn có thể bắt đầu thi lý thuyết trắc nghiệm real estate salesperson:

1. 

A standard policy of title insurance does not cover:

2. 

Title plant refers to all records relative to real estate transactions in a:

3. 

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

4. 

A buyer would get the least protection from:

5. 

The usual way for a buyer to ensure that he or she is getting marketable title is to obtain:

6. 

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

7. 

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

8. 

An escrow company may:

9. 

Impounds refers to:

10. 

The files of a title company of recorded documents on microfilms are known as:

11. 

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

12. 

The closing statements the buyer and seller get from escrow:

13. 

A preliminary title report:

14. 

Escrow companies are primarily under the jurisdiction of the:

15. 

A buyer's escrow statement would not show:

16. 

A broker gets a deal into escrow. After all papers are signed, both the buyer and the seller die. The escrow agent should:

17. 

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

18. 

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

19. 

Which of the following, prorated, would be a credit on the seller's closing statement?

20. 

An escrow prorates based on ___ days in a year.

21. 

In the absence of a closing date, the escrow should close:

22. 

To obtain marketable title, a person who is claiming his or her interest under adverse possession could:

23. 

A 30 day escrow cannot be completed during the set time.

24. 

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

25. 

Which of the following will not terminate an escrow?

26. 

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

27. 

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

28. 

Recording costs on an escrow would be paid by:

29. 

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

30. 

The term binding contract and conditional delivery describes:

31. 

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

32. 

On a real estate closing statement, prepaid rent is always a:

33. 

Title insurance is not available if:

34. 

An impound account would belong to:

35. 

Which of the following is not covered by an extended-coverage policy of title insurance?

36. 

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.

37. 

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

38. 

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.

39. 

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

40. 

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

41. 

Escrow would be automatically canceled by:

42. 

The Rebate Law:

43. 

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

44. 

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

45. 

A broker can, without being licensed as an escrow, handle the escrows on transactions where he or she:

46. 

Possesion in a real estate sale, in the absence of any aggreement, should be given:

47. 

Which of the following may not engage in the escrow business?

48. 

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

49. 

The broker's commission is normally paid:

50. 

On aclosing statement, due and unpaid taxes would be:

51. 

A buyer would be protected against a right of a party in possession by:

52. 

Which of the following is false?

53. 

An escrow officer alters a deed after it has been signed to convey property other than agreed.

54. 

A standard policy of title insurance covers:

55. 

On a closing statement, an existing mortgage that is to be assumed by the buyer would be shown as: