The Role of Escrow and Title Insurance Companies

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

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

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

An escrow company may:

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

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

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

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

Title insurance is not available if:

An escrow prorates based on ___ days in a year.

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

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

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

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

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.

Escrow would be automatically canceled by:

Which of the following will not terminate an escrow?

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

On aclosing statement, due and unpaid taxes would be:

A buyer would get the least protection from:

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

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

The closing statements the buyer and seller get from escrow:

The broker's commission is normally paid:

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

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

Recording costs on an escrow would be paid by:

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

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

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

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

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 is false?

The term binding contract and conditional delivery describes:

A standard policy of title insurance covers:

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

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

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

An impound account would belong to:

Impounds refers to:

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:

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

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

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

A buyer's escrow statement would not show:

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

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

The Rebate Law:

Escrow companies are primarily under the jurisdiction of the:

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

A standard policy of title insurance does not cover:

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

A preliminary title report:

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