LOUISIANA TITLE INSURANCE EXAM 2026
FINAL PAPER SOLVED QUESTIONS WITH FULL
SOLUTION ALREADY PASSED
◉ OWNERSAHIP - Allodial System.
Answer: property ownership recognized in the US; land is held free
and clear of any rent or service owed to the government
◉ OWNERSHIP - Eminent Domain.
Answer: right of the government to take privately owned land for
public purpose, but must compensate
◉ OWNERSHIP - Eminent Domain (condemnation).
Answer: process by which the government can take land by eminent
domain
◉ OWNERSHIP LIMITATIONS - Deed Restrictions.
Answer: private limitation on the use of the land that restrict or
specify; example cutting down trees or building a fence
◉ OWNERSHIP LIMITATIONS - Easements.
,Answer: legal right that one has to use the lands of another for a
special and necessary purpose
◉ OWNERSHIP LIMITATION - Leases.
Answer: owner gives a tenant right to use the property and the
owner gives up his right of possession in the process
◉ PROPERTY RIGHTS - Freehold Estates.
Answer: estates that last for an indefinite period of time, at least as
long as a lifetime
◉ PROPERTY RIGHTS - Fee Simple.
Answer: estate in land that lasts forever; highest degree of
ownership recognized by law
◉ PROPERTY RIGHTS - Life Estate.
Answer: estate in land that lasts a lifetime
◉ PROPERTY RIGHTS - Reversion.
Answer: possession of a property will revert to the grantor upon the
death of a life tenant
◉ PROPERTY RIGHTS - Remainderman.
,Answer: the one in whom an estate vests after termination of a prior
estate
◉ PROPERTY RIGHTS - Tenancy for Years.
Answer: lease for a definite period of time, even though it does not
have to be a year; do not need to give advance notice
◉ PROPERTY RIGHTS - Periodic Tenancy.
Answer: lease for an indefinite period of time, but you need to give
advance notice
◉ PROPERTY RIGHTS - Tenancy at Will.
Answer: lease that is not as prevalent; no payment of rent
◉ PROPERTY RIGHTS - Tenancy at Sufferance.
Answer: tenant comes into possession lawfully yet unlawfully
remains in possession
◉ TRANSFER of PROPERTY - Holographic Will.
Answer: an unwitnessed will that is the testator's handwriting and
signed by him
◉ TRANSFER of PROPERTY - Adverse Possession.
, Answer: taking title to real estate by possessing it for a certain
period of time; 30 years for improved property and 60 years for
unimproved property; actual, open, hostile, exclusive, continuous,
uninterrupted, visible, and notorious
◉ TRANSFER of PROPERTY - Tax Foreclosure.
Answer: if a owner is not paying taxes on the property and is
delinquent for 6 months after the tax year, then there will be a tax
sale. owner has 2 years to redeem property, but only 6 months if
municipality buys the tax sale
◉ TRANSFER of PROPERTY - Chapter 7 Bankruptcy.
Answer: liquidation of assets, everything is sold, and you don't have
to pay
◉ TRANSFER of PROPERTY - Chapter 13 Bankruptcy.
Answer: debt repayment leading to higher or lower filing rates,
could just change the amount of money that is owed per month so
you can gradually pay off your debt
◉ PROPERTY RIGHTS - Bundle of Rights.
Answer: rights of possession, control, disposition and enjoyment;
also called title
FINAL PAPER SOLVED QUESTIONS WITH FULL
SOLUTION ALREADY PASSED
◉ OWNERSAHIP - Allodial System.
Answer: property ownership recognized in the US; land is held free
and clear of any rent or service owed to the government
◉ OWNERSHIP - Eminent Domain.
Answer: right of the government to take privately owned land for
public purpose, but must compensate
◉ OWNERSHIP - Eminent Domain (condemnation).
Answer: process by which the government can take land by eminent
domain
◉ OWNERSHIP LIMITATIONS - Deed Restrictions.
Answer: private limitation on the use of the land that restrict or
specify; example cutting down trees or building a fence
◉ OWNERSHIP LIMITATIONS - Easements.
,Answer: legal right that one has to use the lands of another for a
special and necessary purpose
◉ OWNERSHIP LIMITATION - Leases.
Answer: owner gives a tenant right to use the property and the
owner gives up his right of possession in the process
◉ PROPERTY RIGHTS - Freehold Estates.
Answer: estates that last for an indefinite period of time, at least as
long as a lifetime
◉ PROPERTY RIGHTS - Fee Simple.
Answer: estate in land that lasts forever; highest degree of
ownership recognized by law
◉ PROPERTY RIGHTS - Life Estate.
Answer: estate in land that lasts a lifetime
◉ PROPERTY RIGHTS - Reversion.
Answer: possession of a property will revert to the grantor upon the
death of a life tenant
◉ PROPERTY RIGHTS - Remainderman.
,Answer: the one in whom an estate vests after termination of a prior
estate
◉ PROPERTY RIGHTS - Tenancy for Years.
Answer: lease for a definite period of time, even though it does not
have to be a year; do not need to give advance notice
◉ PROPERTY RIGHTS - Periodic Tenancy.
Answer: lease for an indefinite period of time, but you need to give
advance notice
◉ PROPERTY RIGHTS - Tenancy at Will.
Answer: lease that is not as prevalent; no payment of rent
◉ PROPERTY RIGHTS - Tenancy at Sufferance.
Answer: tenant comes into possession lawfully yet unlawfully
remains in possession
◉ TRANSFER of PROPERTY - Holographic Will.
Answer: an unwitnessed will that is the testator's handwriting and
signed by him
◉ TRANSFER of PROPERTY - Adverse Possession.
, Answer: taking title to real estate by possessing it for a certain
period of time; 30 years for improved property and 60 years for
unimproved property; actual, open, hostile, exclusive, continuous,
uninterrupted, visible, and notorious
◉ TRANSFER of PROPERTY - Tax Foreclosure.
Answer: if a owner is not paying taxes on the property and is
delinquent for 6 months after the tax year, then there will be a tax
sale. owner has 2 years to redeem property, but only 6 months if
municipality buys the tax sale
◉ TRANSFER of PROPERTY - Chapter 7 Bankruptcy.
Answer: liquidation of assets, everything is sold, and you don't have
to pay
◉ TRANSFER of PROPERTY - Chapter 13 Bankruptcy.
Answer: debt repayment leading to higher or lower filing rates,
could just change the amount of money that is owed per month so
you can gradually pay off your debt
◉ PROPERTY RIGHTS - Bundle of Rights.
Answer: rights of possession, control, disposition and enjoyment;
also called title
