NJ Title Producer Title Final 2026 Exam
Questions and Answers | A+ Score
Assured
"A" and "B" bought a house as tenants in common. If "A" dies which of the
following statements about ownership of the house is correct?
A) It automatically becomes tenancy in severalty.
B) It is divided, with B retaining their original interest and the balance going
to A's estate.
C) B holds fee simple ownership to A's share of the property
,D) B holds a life estate ownership to A's share of the property - 🧠ANSWER
✔✔B) It is divided, with B retaining their original interest and the balance
going to A's estate.
The difference between the value of a property and the total amount of
liens against it is known as:
A) A down payment
B) Equity
C) Actual cash value
D)Collateral - 🧠ANSWER ✔✔B) Equity
If a husband and wife take title to a property as tenants in common, they
may also have elected to have:
A) Title in severalty
B) Separate life estates
C) The right of survivorship
D) Unequal shares of ownership - 🧠ANSWER ✔✔D) Unequal shares of
ownership
,A person who openly, continuously and hostilely occupies another's land
for a period set by a statute may gain title by means of:
A) Voluntary alienation
B) Accretion
C) Prescription
D) Adverse possession - 🧠ANSWER ✔✔D) Adverse possession
Truth-In-Lending Act requires the lender to furnish an applicant for a real
estate loan with a copy of an:
A) Amorization schedule
B) Disclosure statement
C) Deed
D) Financial statement - 🧠ANSWER ✔✔B) Disclosure statement
The seller is responsible for which of the following costs at closing:
A) The realty transfer tax
B) The title search
C) The Deed recording fee
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, D) Title insurance - 🧠ANSWER ✔✔A) The realty transfer tax
When private property is abandoned the state may acquire title to that
property under the right of :
A) Escheat
B) Eminent domain
C) Police power
D) Taxation - 🧠ANSWER ✔✔A) Escheat
The term hypothecation most closely means:
A) Conditional security for debt
B) Conditional ownership of property
C) A right of first refusal
D) Conditional mortgage commitment - 🧠ANSWER ✔✔A) Conditional
security for debt
A CORRECT statement about condominium and cooperative apartment
owners is that they both:
A) Receive an annual real estate tax bill
Questions and Answers | A+ Score
Assured
"A" and "B" bought a house as tenants in common. If "A" dies which of the
following statements about ownership of the house is correct?
A) It automatically becomes tenancy in severalty.
B) It is divided, with B retaining their original interest and the balance going
to A's estate.
C) B holds fee simple ownership to A's share of the property
,D) B holds a life estate ownership to A's share of the property - 🧠ANSWER
✔✔B) It is divided, with B retaining their original interest and the balance
going to A's estate.
The difference between the value of a property and the total amount of
liens against it is known as:
A) A down payment
B) Equity
C) Actual cash value
D)Collateral - 🧠ANSWER ✔✔B) Equity
If a husband and wife take title to a property as tenants in common, they
may also have elected to have:
A) Title in severalty
B) Separate life estates
C) The right of survivorship
D) Unequal shares of ownership - 🧠ANSWER ✔✔D) Unequal shares of
ownership
,A person who openly, continuously and hostilely occupies another's land
for a period set by a statute may gain title by means of:
A) Voluntary alienation
B) Accretion
C) Prescription
D) Adverse possession - 🧠ANSWER ✔✔D) Adverse possession
Truth-In-Lending Act requires the lender to furnish an applicant for a real
estate loan with a copy of an:
A) Amorization schedule
B) Disclosure statement
C) Deed
D) Financial statement - 🧠ANSWER ✔✔B) Disclosure statement
The seller is responsible for which of the following costs at closing:
A) The realty transfer tax
B) The title search
C) The Deed recording fee
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, D) Title insurance - 🧠ANSWER ✔✔A) The realty transfer tax
When private property is abandoned the state may acquire title to that
property under the right of :
A) Escheat
B) Eminent domain
C) Police power
D) Taxation - 🧠ANSWER ✔✔A) Escheat
The term hypothecation most closely means:
A) Conditional security for debt
B) Conditional ownership of property
C) A right of first refusal
D) Conditional mortgage commitment - 🧠ANSWER ✔✔A) Conditional
security for debt
A CORRECT statement about condominium and cooperative apartment
owners is that they both:
A) Receive an annual real estate tax bill
