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Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. Which of the following is NOT among the requirements for recording a document affecting title to property in Pennsylvania?
A) The stamp of the notary must be clear and legible and nothing may be written over it.
B) The executed title insurance policy must be sent to the state insurance department.
C) The signatures on the document must be acknowledged.
D) The addresses of grantees must be provided on a special form appended to the document.
2. 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
3. Coverage under a loan policy remains effective
A) until the secured debt is satisfied.
B) during the life of the owner.
C) until the lender assigns the mortgage.
D) until the property is sold.
4. Karen has a life estate in the property. Upon her death, the property passes to
A) the previous owner.
B) her heirs.
C) her spouse.
D) the remainderman.
5. Which property type includes all lands, man-made improvements, anything growing on the lands, as well as interests, or "rights," including future occupancy, reversion, and the use of surface and air space?
A) Personal
B) Intangible
C) Tangible
D) Real
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: D |
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