TITLE INSURANCE EXAM SCRIPT VERIFIED
QUESTIONS AND SOLUTIONS COMPLETE
REVIEW MATERIAL
●● What is another phrase for title rights?
Answer: Bundle of sticks / bundle of rights.
●● What rights are included in the 'bundle of rights'?
Answer: Right to possession, control, use and quiet enjoyment, and
allow others to use property.
●● What does it mean to 'hold title'?
Answer: To own real property and have a legally recognized ownership
interest.
●● How do we determine who holds title?
Answer: Through a title examination/title search.
●● What is a title examination?
Answer: A review of the history of a piece of land to determine
ownership and defects.
, ●● What are other names for a title examination?
Answer: Title search, title abstract, abstract.
●● Is a title examination the history of the house?
Answer: No — it is the history of the land.
●● Why does a buyer want a title examination?
Answer: To confirm the seller actually owns the property and identify
defects/encumbrances.
●● Why does a lender want a title examination?
Answer: To ensure the borrower has ownership rights and the title is
insurable.
●● Why does a commercial tenant want a title examination?
Answer: To verify ownership and ensure title issues won't interfere with
business operations.
●● What information is included in a title examination?
Answer: Current owners, chain of title, legal description, liens and
encumbrances.
●● What is a chain of title?
QUESTIONS AND SOLUTIONS COMPLETE
REVIEW MATERIAL
●● What is another phrase for title rights?
Answer: Bundle of sticks / bundle of rights.
●● What rights are included in the 'bundle of rights'?
Answer: Right to possession, control, use and quiet enjoyment, and
allow others to use property.
●● What does it mean to 'hold title'?
Answer: To own real property and have a legally recognized ownership
interest.
●● How do we determine who holds title?
Answer: Through a title examination/title search.
●● What is a title examination?
Answer: A review of the history of a piece of land to determine
ownership and defects.
, ●● What are other names for a title examination?
Answer: Title search, title abstract, abstract.
●● Is a title examination the history of the house?
Answer: No — it is the history of the land.
●● Why does a buyer want a title examination?
Answer: To confirm the seller actually owns the property and identify
defects/encumbrances.
●● Why does a lender want a title examination?
Answer: To ensure the borrower has ownership rights and the title is
insurable.
●● Why does a commercial tenant want a title examination?
Answer: To verify ownership and ensure title issues won't interfere with
business operations.
●● What information is included in a title examination?
Answer: Current owners, chain of title, legal description, liens and
encumbrances.
●● What is a chain of title?
