About Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 exam torrent

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Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:

1. The process by which a mortgage is enforced against real estate is called a

A) forfeiture.
B) sheriff's sale.
C) trustee sale.
D) non-judicial foreclosure.

2. A real estate interest that passes at death by operation of law to the surviving title holder is known as

A) tenancy in common.
B) joint tenancy.
C) fee simple estate.
D) real estate contract interest.

3. To satisfy a mortgage of record, which of the following must be filed?

A) an original note
B) a payoff statement
C) a mortgage satisfaction
D) a certified copy of original mortgage

4. An acknowledgment

A) states that a deed contains verified information.
B) is a signature on a deed.
C) is an authorization to convey property.
D) provides evidence that a signature is genuine.

5. In 1990, Eddie granted to Bob an easement to cross Eddie's land to reach some hunting grounds off the highway. The easement was depicted on a plat of survey recorded in the county land records. In 1995, Bob stopped hunting and has not used the easement since. Bob never intends to go back there again. How can Eddie get rid of the easement that crosses his property, so that Eddie can sell the land free of the easement?

A) The easement can be considered abandoned because Bob no longer hunts and has no intention to use the easement in the future.
B) Eddie can sell if Bob executes a release of the easement and it is filed at the recorder's office.
C) Eddie can sell the land without regard for the easement because Bob stopped using it in 1995.
D) Bob must join Eddie in the execution of the contract to the new buyer to release the new buyer from the effects of the easement.

Solutions: