The Role of Escrow and Title Insurance Companies

Which of the following will not terminate an escrow?

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?

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

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

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

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

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

An escrow prorates based on ___ days in a year.

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

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

The broker's commission is normally paid:

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

Escrow would be automatically canceled by:

The Rebate Law:

A buyer would get the least protection from:

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

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

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

On aclosing statement, due and unpaid taxes would be:

A standard policy of title insurance covers:

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

Which of the following is false?

An escrow company may:

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 closing statements the buyer and seller get from escrow:

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

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

Escrow companies are primarily under the jurisdiction of the:

A standard policy of title insurance does not cover:

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

An impound account would belong to:

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

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

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

A buyer's escrow statement would not show:

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

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

A preliminary title report:

Recording costs on an escrow would be paid by:

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

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

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

Title insurance is not available if:

Impounds refers to:

The term binding contract and conditional delivery describes:

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

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

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

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

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

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

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

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