ESCROW CHAPTERS 1-15 STUDY QUESTIONS AND ANSWERS
Correct
Incorrect
1 of 222
Term
Prior to issuing insurance for the transaction in escrow Sample TWO,
the title company is requiring which of following?
Any of these
Certificate of Compliance with the Subdivision Map Act
A Recorded Parcel Map
A Final Recorded Tract Map
Give this one a try later!
Any of these All of these
both choices. all of these.
Don't know?
, 2 of 222
Term
The most commonly used type of deed of trust is:
The Grant Deed with warranty
all of these.
A Quit Claim deed with no warranty
the short form and assignment of rents.
Give this one a try later!
the short form and assignment the county where the property is
of rents. located.
split their lot into 2 separate parcels Transaction Management System.
Don't know?
, 3 of 222
Term
Most residential sale/purchase transactions in Southern California
are written using the C.A.R agreement form with the initials:
R.I.C.A.
P. A. C.A.
R.P.A. - C.A.
R.C.R.O.
Give this one a try later!
All of these without recourse.
the assignee. R.P.A. - C.A.
Don't know?
, 4 of 222
Term
The loan in escrow Sample Two:
It is an installment loan with a balloon payment
All of these
Payments are based 30 year amortization
Loan is fully payable in 15 years
Give this one a try later!
none of these. All of these
after death. all of these.
Don't know?
Correct
Incorrect
1 of 222
Term
Prior to issuing insurance for the transaction in escrow Sample TWO,
the title company is requiring which of following?
Any of these
Certificate of Compliance with the Subdivision Map Act
A Recorded Parcel Map
A Final Recorded Tract Map
Give this one a try later!
Any of these All of these
both choices. all of these.
Don't know?
, 2 of 222
Term
The most commonly used type of deed of trust is:
The Grant Deed with warranty
all of these.
A Quit Claim deed with no warranty
the short form and assignment of rents.
Give this one a try later!
the short form and assignment the county where the property is
of rents. located.
split their lot into 2 separate parcels Transaction Management System.
Don't know?
, 3 of 222
Term
Most residential sale/purchase transactions in Southern California
are written using the C.A.R agreement form with the initials:
R.I.C.A.
P. A. C.A.
R.P.A. - C.A.
R.C.R.O.
Give this one a try later!
All of these without recourse.
the assignee. R.P.A. - C.A.
Don't know?
, 4 of 222
Term
The loan in escrow Sample Two:
It is an installment loan with a balloon payment
All of these
Payments are based 30 year amortization
Loan is fully payable in 15 years
Give this one a try later!
none of these. All of these
after death. all of these.
Don't know?
