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

1. Which one of the following estates may NOT be insured under a title insurance policy?

A) Leasehold.
B) License.
C) Easement.
D) Life estate.

2. A deed to a lot in Greenacre is recorded. Two parties who are NOT married to each other are named as grantees. The deed does NOT mention any form of tenancy. How do the grantees hold title to the lot?

A) as joint tenants
B) as tenants in common
C) as tenants at sufferance
D) as tenants by the entireties

3. What requirements define which closing costs are allowable as charges to the borrower?

A) RESPA
B) State
C) FHA
D) ALTA

4. A notarized deed ensures that the

A) deed is legally binding.
B) deed can be recorded.
C) title is clear.
D) title is transferred.

5. A purchaser on a real estate contract has what interest in the subject property?

A) purchaser's interest
B) equitable interest
C) fee simple interest
D) vendee's interest

Solutions: