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1. A purchaser on a real estate contract has what interest in the subject property?
A) equitable interest
B) fee simple interest
C) vendee's interest
D) purchaser's interest
2. The Real Estate Settlement Procedure Act (RESPA), Section 8 violation that refers to a person giving or accepting a fee or "thing of value" for the referral of business is known as a
A) conversion.
B) required use.
C) kickback.
D) bundled services.
3. A notarized deed ensures that the
A) deed is legally binding.
B) deed can be recorded.
C) title is transferred.
D) title is clear.
4. The effective date on a title commitment is the date
A) the commitment is issued.
B) of the last recording on record.
C) the public records were verified to.
D) the order was completed.
5. Which of the following can be licensed as a title insurance agent?
A) a legal entity
B) an approved attorney
C) an employee of a title company
D) an officer of a title company
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: A |
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