ESCROW SAMPLE TEST – UTAH
QUESTIONS AND CORRECT
ANSWERS 2026 LATEST PREP GUIDE
VERIFIED A+
◉ When is it necessary to have closing documents recorded prior to the
disbursement of escrow funds?
(A) it is not necessary
(B) in almost all situations
(C) when instructed by one of the parties to the escrow
(D) only when the written instructions require recording
Answer: (B) in almost all situations
◉ Usury Law is defined as:
(A) the right to use the surface of real property
(B) is applicable to the prescriptive easement of ingress and egress
(C) the maximum amount of interest which can be charged on a security
instrument
(D) the appurtenant right to use a right of way for ingress and egress
Answer: C) the maximum amount of interest which can be charged on a
security instrument
,◉ What characteristics should an escrow officer maintain?
(Select all that apply)
(A) abstractor
(B) competent
(C) legal advisor
(D) impartial
(E) has the right to foreclose
(F) follows instructions
Answer: (B) competent
(D) impartial
(F) follows instructions
◉ What is the minimum number of parties to an escrow?
(A) two
(B) three
(C) four
(D) five
Answer: (B) three
◉ An Earnest Money Agreement (REPC) usually does not reveal the
following:
,(A) property address
(B) buyers' and seller's name
(C) title exceptions
(D) improvements to the subject property
(E) personal property to be included in the sale
Answer: (C) title exceptions
◉ An escrow agent has the responsibility to review the following, with
parties involved in a real estate transaction:
(A) the Title Report
(B) The Earnest Money Agreement (REPC)
(C) The Owner's Policy
(D) Certificate of Apportionment
(E) Letters of Testamentary
Answer: (A) the Title Report
◉ What is a Bill of Sale?
(A) same as a warranty deed
(B) instrument to transfer mineral rights
(C) used to convey personal property
, (D) a certificate concerning well rights
(E) instrument to convey a title policy
Answer: (C) used to convey personal property
◉ On an assumption, the following should be obtained from the lender:
(Select all that apply)
(A) payment history
(B) FHA premium information
(C) fire insurance information
(D) reserve (impound) balance
(E) certificate of approval on buyer
(F) delinquent payment and late fees paid
(G) martial status
Answer: (C) fire insurance information
(D) reserve (impound) balance
(E) certificate of approval on buyer
◉ Date of possession is used in the closing to determine:
(A) the date of the closing
(B) the date to be placed on the documents
(C) the date used for prorations
QUESTIONS AND CORRECT
ANSWERS 2026 LATEST PREP GUIDE
VERIFIED A+
◉ When is it necessary to have closing documents recorded prior to the
disbursement of escrow funds?
(A) it is not necessary
(B) in almost all situations
(C) when instructed by one of the parties to the escrow
(D) only when the written instructions require recording
Answer: (B) in almost all situations
◉ Usury Law is defined as:
(A) the right to use the surface of real property
(B) is applicable to the prescriptive easement of ingress and egress
(C) the maximum amount of interest which can be charged on a security
instrument
(D) the appurtenant right to use a right of way for ingress and egress
Answer: C) the maximum amount of interest which can be charged on a
security instrument
,◉ What characteristics should an escrow officer maintain?
(Select all that apply)
(A) abstractor
(B) competent
(C) legal advisor
(D) impartial
(E) has the right to foreclose
(F) follows instructions
Answer: (B) competent
(D) impartial
(F) follows instructions
◉ What is the minimum number of parties to an escrow?
(A) two
(B) three
(C) four
(D) five
Answer: (B) three
◉ An Earnest Money Agreement (REPC) usually does not reveal the
following:
,(A) property address
(B) buyers' and seller's name
(C) title exceptions
(D) improvements to the subject property
(E) personal property to be included in the sale
Answer: (C) title exceptions
◉ An escrow agent has the responsibility to review the following, with
parties involved in a real estate transaction:
(A) the Title Report
(B) The Earnest Money Agreement (REPC)
(C) The Owner's Policy
(D) Certificate of Apportionment
(E) Letters of Testamentary
Answer: (A) the Title Report
◉ What is a Bill of Sale?
(A) same as a warranty deed
(B) instrument to transfer mineral rights
(C) used to convey personal property
, (D) a certificate concerning well rights
(E) instrument to convey a title policy
Answer: (C) used to convey personal property
◉ On an assumption, the following should be obtained from the lender:
(Select all that apply)
(A) payment history
(B) FHA premium information
(C) fire insurance information
(D) reserve (impound) balance
(E) certificate of approval on buyer
(F) delinquent payment and late fees paid
(G) martial status
Answer: (C) fire insurance information
(D) reserve (impound) balance
(E) certificate of approval on buyer
◉ Date of possession is used in the closing to determine:
(A) the date of the closing
(B) the date to be placed on the documents
(C) the date used for prorations
