MICHIGAN TITLE PRODUCERS LICENSE
EXAM REVIEW | COMPREHENSIVE EXAM
PREP, PRACTICE QUESTIONS, CORRECT
ANSWERS AND STUDY GUIDE
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Updated 2026 Questions and Answers
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,Title Evidence of ownership rights in real estate.
Covenants Agreements protecting purchasers against title
insufficiencies.
Conditions Provisions making rights contingent on future
events.
Restrictions Limitations on land use or improvements.
Constructive Notice Implied notice of interest in real estate.
CCRs Covenants, conditions, and restrictions on
property.
Warranty Deed Deed assuring grantee of grantor's title rights.
Common Law Covenants Group of covenants regarding title assurances.
,Covenants Against Encumbrances Assurance property is free from third-party
claims.
Covenants for Further Assurance Obligation to rectify title deficiencies.
Covenants of Right to Convey Assurance seller has authority to transfer title.
Covenants of Quiet Enjoyment Guarantee of undisturbed property use.
Covenants of Seisin Assurance seller is rightful owner of property.
Covenants of Warranty Promise to defend against third-party claims.
Private Restrictions Owner-imposed limitations on property use.
Public Restrictions Government-imposed limitations, often zoning
laws.
Covenants Running with the Land Restrictions affecting land use, enforceable by
successors.
Transfer Tax Tax on conveyance of real estate interests.
, Recording Official filing of documents to establish
ownership.
Race-Notice State First to record has priority over claims.
MCL 207.501 Michigan law governing transfer tax
requirements.
Exemption from Transfer Tax No tax if consideration is under $100.
Statutory Requirements Legal obligations for transfer tax payment.
Transfer Tax Tax on real estate transactions per MCL 207.501.
County Transfer Tax Tax at $.55 per $500 value of real estate.
State Transfer Tax Tax at $3.75 per $500 value of real estate.
Exemption Reference Must be noted on instrument's face for tax
exemption.
Seller Liability Seller responsible for state transfer tax payment.
EXAM REVIEW | COMPREHENSIVE EXAM
PREP, PRACTICE QUESTIONS, CORRECT
ANSWERS AND STUDY GUIDE
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
,Title Evidence of ownership rights in real estate.
Covenants Agreements protecting purchasers against title
insufficiencies.
Conditions Provisions making rights contingent on future
events.
Restrictions Limitations on land use or improvements.
Constructive Notice Implied notice of interest in real estate.
CCRs Covenants, conditions, and restrictions on
property.
Warranty Deed Deed assuring grantee of grantor's title rights.
Common Law Covenants Group of covenants regarding title assurances.
,Covenants Against Encumbrances Assurance property is free from third-party
claims.
Covenants for Further Assurance Obligation to rectify title deficiencies.
Covenants of Right to Convey Assurance seller has authority to transfer title.
Covenants of Quiet Enjoyment Guarantee of undisturbed property use.
Covenants of Seisin Assurance seller is rightful owner of property.
Covenants of Warranty Promise to defend against third-party claims.
Private Restrictions Owner-imposed limitations on property use.
Public Restrictions Government-imposed limitations, often zoning
laws.
Covenants Running with the Land Restrictions affecting land use, enforceable by
successors.
Transfer Tax Tax on conveyance of real estate interests.
, Recording Official filing of documents to establish
ownership.
Race-Notice State First to record has priority over claims.
MCL 207.501 Michigan law governing transfer tax
requirements.
Exemption from Transfer Tax No tax if consideration is under $100.
Statutory Requirements Legal obligations for transfer tax payment.
Transfer Tax Tax on real estate transactions per MCL 207.501.
County Transfer Tax Tax at $.55 per $500 value of real estate.
State Transfer Tax Tax at $3.75 per $500 value of real estate.
Exemption Reference Must be noted on instrument's face for tax
exemption.
Seller Liability Seller responsible for state transfer tax payment.
