Real Estate Escrow Ch. 8
The East 15 feet of the South 140 feet of Lot "A" has to do with: An Easement All of these Ingress & Egress Parcel 2
All of these
The East 15 feet of the South 140 feet of Lot "A" has to do with: An Easement All of these Parcel 2 Ingress & Egress
All of these
What kind of title policy is requested by the "lender" in Escrow Sample TWO? Answer ALTA BINDER You Answered PRELIM CLTA
Answer ALTA
A written agreement by the title insurance company to issue a policy at a later date: Any of these Answer Interim Binder Option Addendum Indorsement
Answer Interim Binder
A written agreement by the title insurance company to issue a policy at a later date: Indorsement Interim Binder Option Addendum Any of these
Any of these
Prior to issuing insurance for the transaction in escrow Sample TWO, the title company is requiring which of following? A Recorded Parcel Map Certificate of Compliance with the Subdivision Map Act A Final Recorded Tract Map Any of these
Any of these
Prior to issuing insurance for the transaction in escrow Sample TWO, the title company is requiring which of following? A Recorded Parcel Map Certificate of Compliance with the Subdivision Map Act Any of these A Final Recorded Tract Map
Any of these
Which of the following is a recorded instrument that must be acknowledged? neither choice Satisfactions of judgment Both choices Partial releases
Both choices
Among the Preliminary Title Report common exceptions to the title insurance coverage proposed for escrow Sample Two is a unique exception for this specific property. What is it? A Judgement against the seller Covenants, Conditins & Restrictions General Property Taxes A Mechanics Lien
General Property Taxes
What kind of title policy is requested by the "lender" in Escrow Sample TWO? PRELIM CLTA BINDER ALTA
PRELIM
The Abstract of Judgment found in the Pre-Lim indicates a need for: Posting a Bond An Exception Indorsement Escrow Waiver Satisfaction of Judgment
Satisfaction of Judgment
The Abstract of Judgment found in the Pre-Lim indicates a need for: Posting a Bond Satisfaction of Judgment Escrow Waiver An Exception Indorsement
Satisfaction of Judgment
Who makes the final determination of the type of title insurance will be ordered? The escrow holder The principal parties to the escrow The broker title company
The principal parties to the escrow
Who makes the final determination of the type of title insurance will be ordered? title company The broker The principal parties to the escrow The escrow holder
The principal parties to the escrow
A public utility easement is usually: an easement appurtenant. uncommon all of these an easement in gross.
an easement in gross
A public utility easement is usually: an easement in gross. all of these uncommon an easement appurtenant.
an easement in gross
The owner of the land that gains the benefit in easements appurtenant is the: servient tenement. mega tenement. prevailing tenement. dominant tenement
dominant tenement
An abstract of judgment is an order from a: doctor. governor. judge. mayor.
judge
An abstract of judgment is an order from a: mayor. governor. judge. doctor.
judge
A good practice for escrow regarding the Preliminary Title Reports is: give legal advice about the report obtain buyer's signature for receipt & approval always choose the lowest price title company to recommend their favorite title company
obtain buyer's signature for receipt & approval
The cost of the binder policy is usually: twenty percent of the basic title insurance rate ten percent of the basic title insurance rate thirty percent of the basic title insurance rate fifty percent of the basic title insurance rate
ten percent of the basic title insurance rate
When conveying an easement, as with other interests in real property, which of the following is essential? a clear and precise description. a relatively accurate description. the owner's desription all of these.
a clear and precise description
When conveying an easement, as with other interests in real property, which of the following is essential? a clear and precise description. the owner's desription a relatively accurate description. all of these.
a clear and precise description
The location of the property in relation to neighboring properties is shown on: a street map. a plat map. mobile GPS app none of these
a plat map
The cost of a Binder Policy is usually: 20 % of the Basic Title rate 5% of the Basic Title rate 1% of the Basic Title rate 10% of the Basic Title rate
10% of the Basic Title rate
The cost of a Binder Policy is usually: 5% of the Basic Title rate 20 % of the Basic Title rate 10% of the Basic Title rate 1% of the Basic Title rate
10% of the Basic Title rate
A good practice for escrow regarding the Preliminary Title Reports is: give legal advice about the report to recommend their favorite title company obtain buyer's signature for receipt & approval always choose the lowest price title company
obtain buyer's signature for receipt & approval
An easement in gross must be described in the deed to: all of these. be liveable. be built upon. pass with the title.
pass with the title
An easement in gross must be described in the deed to: all of these. be liveable. pass with the title. be built upon.
pass with the title
