Colorado Title Exam Questions With Correct Answers

AGENTS' LICENSES TO REPRESENT A NATIONWIDE BUSINESS CONDUCTING BUSINESS IN COLORADO ARE ISSUED BY: A - THE ALTA OFFICE IN WASHINGTON, D.C. B - THE COMMISSIONER OF INSURANCE OF THE STATE OF COLORADO C - THE COMMISSIONER OF INSURANCE OF THE STATE WHERE THE HOME OFFICE OF THE TITLE INSURANCE COMPANY IS LOCATED D - THE INTERSTATE COMMERCE COMMISSION - ANSWER-B - THE COMMISSIONER OF INSURANCE OF THE STATE OF COLORADO C.R.S. 10-1-108 THE APPROVED MANNER IN WHICH A TITLE INSURER IS SUPPOSED TO WRITE OVER, OR INSURE THROUGH, RECORD ENCUMBRANCES OR DEFECTS IN TITLE IS: A - TO OPEN A PROSPECTIVE CLAIM FILE B - NOT APPROVED C - BY A SPECIALLY FILED ENDORSEMENT D - THROUGH AN ALTA OWNERS POLICY - ANSWER-C - BY A SPECIALLY FILED ENDORSEMENT PURSUANT TO THE PROVISIONS OF THE UNIFORM PROBATE CODE, THE ADMINISTRATION OF THE ESTATE OF A COLORADO RESIDENT WHO DIED OWNING FEE TITLE TO COLORADO REAL PROPERTY MAY BE WHICH OF THE FOLLOWING? A - INFORMAL PROCEEDINGS B - FORMAL PROCEEDINGS C - ALL OF THE ABOVE D - NONE OF THE ABOVE - ANSWER-C - ALL OF THE ABOVE WHICH OF THE FOLLOWING IS CORRECT IN DESCRIBING A LOT AND A PORTION OF A LOT? A - THE NORTH HALF OF LOT 3 AND ALL OF LOT 4 B - LOT 4 AND THE N1/2 OF LOT 3 C - THE N1/2 OF LOTS 3 AND 4 D - ALL OF THE ABOVE - ANSWER-A - THE NORTH HALF OF LOT 3 AND ALL OF LOT 4 THE FAILURE OF A CORPORATION TO FILE OR RECORD IN EVERT COUNTY IN WHICH IT OWNS REAL PROPERTY SOME EVIDENCE OF ITS POWERS WITH RESPECT TO REAL PROPERTY RESULTS IN: A - SUBSTANTIAL FINE B - INVALIDATION OF ITS CONTRACT C - ESTOPPEL TO DENY A LACK OF POWER OR AUTHORITY D - NONE OF THE ABOVE - ANSWER-C - ESTOPPEL TO DENY A LACK OF POWER OR AUTHORITY INSURANCE AGAINST LOSS THE INS