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

A standard policy of title insurance covers:

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

A standard policy of title insurance does not cover:

Impounds refers to:

On aclosing statement, due and unpaid taxes would be:

Which of the following is false?

An impound account would belong to:

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

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

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

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

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

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

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

Escrow would be automatically canceled by:

Which of the following will not terminate an escrow?

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

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

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

A buyer would get the least protection from:

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.

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

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

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

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

The term binding contract and conditional delivery describes:

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

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

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

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

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

The broker's commission is normally paid:

The Rebate Law:

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

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

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

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

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

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

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

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

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

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

A preliminary title report:

Title insurance is not available if:

The closing statements the buyer and seller get from escrow:

Recording costs on an escrow would be paid by:

Escrow companies are primarily under the jurisdiction of the:

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

An escrow company may:

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

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

An escrow prorates based on ___ days in a year.

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.

A buyer's escrow statement would not show: