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New Jersey Title Insurance Exam, NJ Title Insurance Test
Bank, Title Insurance Licensing NJ, NJ Exam Questions and
Answers, Title Producer NJ, Title Insurance Certification,
NJ Title Licensing Study Guide
The distance set by zoning ordinances from adjoining property
lines limiting the placement of a building / space between
houses - ANSWER-Set Back
A lien against all the property / assets someone owns
(Judgements, federal / state taxes, debts of dead person, IRS
taxes) - ANSWER-General Lien
The power vested in a state to establish legislation to preserve
order, protect the public health and safety and promote general
welfare (environmental protection laws, zoning & building
ordinances) - ANSWER-Police Power
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A mortgage in which payments are lowered intentionally then
increase to make up the difference. - ANSWER-Graduated
Payment Plan (Adjustable Rate Mortgage)
Default on a contract by one or two parties. - ANSWER-Breach
of Contract
Land bordered or traversed by a stream of waterway ; use of
water by adjoining landowners
If a stream is identified as non navigable by a federal survey
map - ANSWER-Riparian Rights
title of property is transferred without the owners content, such
as: Adverse Possession, Eminent Domain, Escheat or
Foreclosure - ANSWER-Involuntary Alienation
Movable personal property - ANSWER-Chattels
The grantor warrants that he is the owner of the property and has
the right to convey title to it - ANSWER-Seisin
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To cancel or nullify in agreement returning to status quo within
7 days - ANSWER-Recession
The term describing a specific lien against a property. -
ANSWER-In Rem
Unrealized rights, such as dower or courtesy during the lifetime
of a spouse. - ANSWER-Inchoate Rights
A notice for any suit is filed that potentially affects title to a
specified parcel of real estate.
lien pending litigation - ANSWER-Lis Pendens Lien
Involves tenants and are estates for a period of time (lease not
own) ; considered personal property
property whose length in Predeterminble. - ANSWER-
Leasehold Estate
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A building that does not conform to the zoning use because it
was erected before the enactment of the zoning law
(grandfathered in) - ANSWER-Nonconforming use property
Legal action to dissolve a joint ownership filed in court -
ANSWER-Partition
Building Inspector's certification that the structure conforms to
code - ANSWER-Certificate of Occupancy
Those contracts that have mutual agreement, consideration,
competent parties and legal purpose. - ANSWER-Valid contracts
Tenant ; the lender of the property ; acquires the title -
ANSWER-Lessee / Mortgagee / Grantee
The lease or ownership of a property for the specific time.
Within the year and which repeats each year for the length of
these or Forever. - ANSWER-Time Sharing
"To have and to hold" clause that explains ownership being
transferred - ANSWER-Habendum Clause
New Jersey Title Insurance Exam, NJ Title Insurance Test
Bank, Title Insurance Licensing NJ, NJ Exam Questions and
Answers, Title Producer NJ, Title Insurance Certification,
NJ Title Licensing Study Guide
The distance set by zoning ordinances from adjoining property
lines limiting the placement of a building / space between
houses - ANSWER-Set Back
A lien against all the property / assets someone owns
(Judgements, federal / state taxes, debts of dead person, IRS
taxes) - ANSWER-General Lien
The power vested in a state to establish legislation to preserve
order, protect the public health and safety and promote general
welfare (environmental protection laws, zoning & building
ordinances) - ANSWER-Police Power
,2|Page
A mortgage in which payments are lowered intentionally then
increase to make up the difference. - ANSWER-Graduated
Payment Plan (Adjustable Rate Mortgage)
Default on a contract by one or two parties. - ANSWER-Breach
of Contract
Land bordered or traversed by a stream of waterway ; use of
water by adjoining landowners
If a stream is identified as non navigable by a federal survey
map - ANSWER-Riparian Rights
title of property is transferred without the owners content, such
as: Adverse Possession, Eminent Domain, Escheat or
Foreclosure - ANSWER-Involuntary Alienation
Movable personal property - ANSWER-Chattels
The grantor warrants that he is the owner of the property and has
the right to convey title to it - ANSWER-Seisin
,3|Page
To cancel or nullify in agreement returning to status quo within
7 days - ANSWER-Recession
The term describing a specific lien against a property. -
ANSWER-In Rem
Unrealized rights, such as dower or courtesy during the lifetime
of a spouse. - ANSWER-Inchoate Rights
A notice for any suit is filed that potentially affects title to a
specified parcel of real estate.
lien pending litigation - ANSWER-Lis Pendens Lien
Involves tenants and are estates for a period of time (lease not
own) ; considered personal property
property whose length in Predeterminble. - ANSWER-
Leasehold Estate
, 4|Page
A building that does not conform to the zoning use because it
was erected before the enactment of the zoning law
(grandfathered in) - ANSWER-Nonconforming use property
Legal action to dissolve a joint ownership filed in court -
ANSWER-Partition
Building Inspector's certification that the structure conforms to
code - ANSWER-Certificate of Occupancy
Those contracts that have mutual agreement, consideration,
competent parties and legal purpose. - ANSWER-Valid contracts
Tenant ; the lender of the property ; acquires the title -
ANSWER-Lessee / Mortgagee / Grantee
The lease or ownership of a property for the specific time.
Within the year and which repeats each year for the length of
these or Forever. - ANSWER-Time Sharing
"To have and to hold" clause that explains ownership being
transferred - ANSWER-Habendum Clause
