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. 

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



2. 

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

3. 

A buyer would get the least protection from:



4. 

A standard policy of title insurance covers:



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. 

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



7. 

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

8. 

A preliminary title report:



9. 

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

10. 

The term binding contract and conditional delivery describes:

11. 

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



12. 

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

13. 

An escrow prorates based on ___ days in a year.



14. 

On aclosing statement, due and unpaid taxes would be:



15. 

Which of the following is false?



16. 

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



17. 

Recording costs on an escrow would be paid by:



18. 

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



19. 

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



20. 

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



21. 

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



22. 

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



23. 

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



24. 

An escrow company may:



25. 

Escrow would be automatically canceled by:

26. 

The closing statements the buyer and seller get from escrow:



27. 

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



28. 

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



29. 

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

30. 

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

31. 

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

32. 

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

33. 

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

34. 

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

35. 

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



36. 

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



37. 

Escrow companies are primarily under the jurisdiction of the:



38. 

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



39. 

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.



40. 

The broker's commission is normally paid:



41. 

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



42. 

An impound account would belong to:



43. 

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



44. 

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



45. 

A standard policy of title insurance does not cover:



46. 

Which of the following will not terminate an escrow?



47. 

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



48. 

Title insurance is not available if:

49. 

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



50. 

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



51. 

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

52. 

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



53. 

The Rebate Law:



54. 

A buyer's escrow statement would not show:



55. 

Impounds refers to: