Real Estate Title Practice Exam

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A quiet title action means:

A court suit to remove a cloud on the title

Chain of title is:

A list of all previous owners

A standard title insurance policy would give coverage for which of the following?

A missing heir

When a title insurance policy is issued: A. An inspection of the records has been made

A only

When a missing heir is claiming an interest in property this title defect could be cured by:

A quiet title proceeding

To remove a cloud from the title of a property an owner would most likely obtain:

A quitclaim deed

A standard title insurance policy insures against:

A recorded deed that was forged

The best way to discover a flaw in the recorded title to a piece of real property is by:

A search of title

In order to determine the condition of the title, a purchaser should secure:

A title search from a title insurance company

Title insurance in Oregon is: Not required by law Protection against false impersonations Issued to insure the named party only

All of the above

Which type of title insurance policy insures against unrecorded easements, encroachments, and observable defects?

American Land Title Association (ALTA)

An owner's policy of title insurance continues in force:

As long as the insured has a liability

A loss to the insured that resulted from a forged document is covered by: I. An extended coverage title insurance policy II. A standard coverage title insurance policy

Both I and II

Very often a preliminary title report for an owner's title insurance policy states that it is subject to the 'rights of the parties in possession' because the party in possession maybe an: I. Adverse possessor II. Owner of an unrecorded deed

Both I and II

Which of the following is true regarding title insurance? I. The policy will protect the insured party's interest forever II. Subsequent owners of the piece of property must obtain their own title insurance if they want it

Both I and II

A 'title plant' is a:

Collection of real estate records

The cost of an owner's title insurance policy is based primarily on:

Cost of property

A standard form policy of title insurance does NOT protect against loss resulting from:

Encroachments on the property

A standard coverage title policy insures against:

Forged recorded deeds

The standard from title insurance policy insures against:

Forgery of a deed

A standard title insurance policy will protect the insured against all of the following except:

Government restrictions (zoning)

An ALTA extended title insurance policy would NOT cover

Governments regulating the use of property through zoning ordinances

Title insurance will give protection against: I. Undisclosed heirs II. Forgery in the chain of title

I and II only

A title insurance company would do which of the following before issuing a standard policy? I. Examine the chain of title

I only

An abstract of title: I. Shows the history of ownership of the parcel

I only

An owner's title insurance policy protects: I. the owner, his heirs and devisees

I only

For a buyer to be certain the property he is purchasing has no encroachments, he should obtain: I. A survey

I only

The abstract of title prepared for a specific parcel of real estate provides a: I. Full historical summary of matters affecting title

I only

Which of the following occurrences will terminate a mortgagee's title insurance policy? I. The mortgage debt is paid in full

I only

Which of the following title defects will, if loss results, fall under the coverage of a standard form owner's title insurance policy? I. Forged grantor's signature in recorded claim of title

I only

An extended coverage title insurance policy provides coverage against which of the following? I. Unrecorded easements II. Unrecorded liens III. Rights of parties in possession

I, II and III

A standard title insurance policy ordinarily: II. Protects only the party named as the insured party in the written policy

II only

A standard title insurance policy protects the insured against which of the following? II. the lack of capacity of a grantor

II only

A title insurance company will NOT insure property against: II. Zoning restrictions

II only

American Land Title Association (ALTA) extended policy form protection is normally required by: III. Lenders secured by real property liens

III only

An owner's title insurance policy will NOT provide protection against: III. Governmental regulation

III only

A standard policy of title insurance does not insure against which of the following in the chain of title?

Mining claims

How can a lender by sure that he has an enforceable lien?

Mortgagee's title insurance policy

An abstract of title performs which of the following functions?

Neither I nor II

When a title search reveals that there is a broken chain of title, it is best cured by:

Quiet title proceeding

In the states where it is available, which of the following would NOT be covered under an extended coverage owner's title insurance policy?

The effect of zoning regulations

A title insurance policy standard form, insures:

The title only as it appears of record, subject to printed exceptions

Title insurance protects the purchaser by providing that:

There will be protection against adverse claim to the ownership of the property except those exclusions listed in the policy

Tracing the conveyances and encumbrances of real property is known as:

Title search

A purchaser's title insurance policy normally protects the:

Vendee on a land sales contract


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