Học Thi Real Estate License ở California: The role of Escrow and Title Insurance Companies

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

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.

The Rebate Law:

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

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

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

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

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

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

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

Recording costs on an escrow would be paid by:

Impounds refers to:

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

Title insurance is not available if:

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

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

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

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

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

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.

The term binding contract and conditional delivery describes:

Escrow would be automatically canceled by:

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

A buyer would get the least protection from:

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

Which of the following is false?

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

A standard policy of title insurance covers:

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

A buyer's escrow statement would not show:

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

An escrow prorates based on ___ days in a year.

Which of the following will not terminate an escrow?

The closing statements the buyer and seller get from escrow:

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

A preliminary title report:

Escrow companies are primarily under the jurisdiction of the:

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

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

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

An impound account would belong to:

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

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

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

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

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

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

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

An escrow company may:

A standard policy of title insurance does not cover:

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

The broker's commission is normally paid:

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

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

On aclosing statement, due and unpaid taxes would be: