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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NGƯỜI VIỆT RAO VẶT MIỄN PHÍCHO THUÊ NHÀ, PHÒNG

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

1. 

The broker's commission is normally paid:

2. 

The Rebate Law:

3. 

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

4. 

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

5. 

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.

6. 

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

7. 

An impound account would belong to:

8. 

The term binding contract and conditional delivery describes:

9. 

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

10. 

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

11. 

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

12. 

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

13. 

Escrow companies are primarily under the jurisdiction of the:

14. 

On aclosing statement, due and unpaid taxes would be:

15. 

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

16. 

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

17. 

An escrow company may:

18. 

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

19. 

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

20. 

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

21. 

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

22. 

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

23. 

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

24. 

The closing statements the buyer and seller get from escrow:

25. 

An escrow prorates based on ___ days in a year.

26. 

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

27. 

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

28. 

A standard policy of title insurance covers:

29. 

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

30. 

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

31. 

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

32. 

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

33. 

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

34. 

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

35. 

A preliminary title report:

36. 

A buyer's escrow statement would not show:

37. 

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

38. 

Escrow would be automatically canceled by:

39. 

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

40. 

Which of the following will not terminate an escrow?

41. 

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

42. 

Recording costs on an escrow would be paid by:

43. 

Which of the following is false?

44. 

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

45. 

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.

46. 

Impounds refers to:

47. 

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

48. 

A standard policy of title insurance does not cover:

49. 

A buyer would get the least protection from:

50. 

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

51. 

Title insurance is not available if:

52. 

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

53. 

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

54. 

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

55. 

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