Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 : PA-Title-Insurance-Agent

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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:

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

1. A state tax lien filed in the county where the taxpayer owns property is

A) only a lien upon the sale of the property.
B) a lien against any property owned by the taxpayer in the county.
C) a lien that remains in force for a 3-year period.
D) only a lien against the property described in the lien.

2. Which of the following is considered an involuntary lien?

A) deed restriction
B) HELOC loan
C) a life estate reservation
D) federal tax lien

3. Title is held by John and Kate, as joint tenants with right of survivorship. If John dies, which is the simplest manner of establishing record evidence of the marketable title in Kate?

A) Nothing is required.
B) Probate the estate of John.
C) Record a certified copy of a probate court order of John's estate distributing the home to Kate.
D) Record in the county where the property is located a certified copy of John's death certificate.

4. What must accompany the satisfaction piece when presented for recording?

A) The final receipt
B) The original mortgage instrument
C) The certificate of title
D) The payment record

5. A leasehold interest in real property ownership is

A) an insurable interest.
B) an usury interest.
C) a lien interest.
D) a non insurable interest.

Solutions: