Real Estate Escrow Ch. 8

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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


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