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

1. Which of the following items is least likely to be recorded?

A) mortgage lien
B) mechanic's lien
C) satisfaction of mortgage
D) bill of sale

2. An ALTA survey of the land could disclose all of the following EXCEPT

A) a pond located on the land.
B) a violation of the setback line.
C) a property line lawsuit.
D) the improvements on the land.

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

4. The MAIN purpose of insurance is to

A) alter risk.
B) transfer risk.
C) retain risk.
D) reduce risk.

5. Which of the following statements is true concerning an unrecorded deed?

A) it need not name the grantee
B) it need not contain a legal description
C) it does not give constructive notice of ownership
D) it is not valid between the grantor and the grantee

Solutions: