Escrow Chapter 8

B. judge.

An abstract of judgment is an order from a: A. doctor. B. judge. C. governor. D. mayor.

pass with the title

An easement in gross must be described in the deed to: A. pass with the title. B. be liveable. C. be built upon. D. none of the above.

A. ten percent of the basic title insurance rate.

The cost of the binder policy is usually: A. ten percent of the basic title insurance rate. B. twenty percent of the basic title insurance rate. C. thirty percent of the basic title insurance rate. D. fifty percent of the basic title insurance rate.

C. Both a and b

Which of the following is a recorded instrument that must be acknowledged? A. Satisfactions of judgment B. Partial releases C. Both a and b D. None of the above

. The principal parties to the escrow

Who makes the final determination of the type of title insurance will be ordered? A. The escrow holder B. The broker C. The principal parties to the escrow D. All of the above

A. a clear and precise description.

When conveying an easement, as with other interests in real property, which of the following is essential? A. a clear and precise description. B. a relatively accurate description. C. a totally vague description. D. none of the above.

B. At a later date

When is a binder policy issued? A. Immediately B. At a later date C. After the destruction of the property D. None of the above.

C. an easement in gross.

A public utility easement is: A. an easement appurtenant. B. illegal. C. an easement in gross. D. all of the above.

B. a plat map.

The location of the property in relation to neighboring properties is shown on: A. plant map. B. a plat map. C. a plank map. D. none of the above.

A. dominant tenement

The owner of the land that gains the benefit in easements appurtenant is the: A. dominant tenement B. servient tenement. C. wimpy tenement. D. mega tenement.