Missouri Title Insurance Certification Exam 2023 with 100% correct answers

Director- Examination of Records - correct answer -Within 60 days of the examination, the examiner must submit his report to the director for review. After a 30 day review period, there's allowance for rebuttals. Acknowledgement - correct answer -A formal declaration before an authorized officer by a person who has executed an instrument that such execution is his own act indeed. Necessary to entitle some instrument to be recorded to impart constructure, notice of its contents, and to entitle the instrument to be used as evidence without further proof. Adverse possession - correct answer -Physical possession of land inconsistent with the rights of the owner. Appurtenances - correct answer -Rights that come with the title of the land itself. Things such as roadways and utility lines. Bonafide purchaser - correct answer -One who buys property In good faith For fair value Without notice of any adverse claim or right of 3rd parties Chain of title - correct answer -The successive ownership or transfers in the history of title to a particular parcel of land. Each deed is a link. Quiet title - correct answer -A court action to determine ownership or remove a cloud on a title. Chattel - correct answer -Personal property Closing and settlement - correct answer -The final exchange in a sale Conservator - correct answer -A person granted authority by the court to oversee the property of an incompetent person. Conveyance - correct answer -The transfer of title to land from one party to another. Decedent - correct answer -A person who has died Easement - correct answer -a right to cross or otherwise use someone else's land for a specified purpose. For example to install operate and maintain utility lines. Affirmative easement - correct answer -The right to use property belonging to another for a specific reason Negative easement - correct answer -Property owner promise they will not use all or part of the property for some specific purpose Gross easement - correct answer -Does not benefit another tract of realty i.e. Gas pipelines