NEW JERSEY TITLE INSURANCE EXAM | NJ TITLE
INSURANCE TEST BANK | TITLE INSURANCE
LICENSING | ALL QUESTIONS AND CORRECT
ANSWERS | VERIFIED ANSWERS | LATEST VERSION
2025 | ALREADY GRADED A+
Municipalities have enacted ordinances (a set of rules) to specify
construction standards that must be met when repairing to erecting
buildings ---------CORRECT ANSWER-----------------Building Codes
The difference between the market value of a property and the outstanding
liens. ---------CORRECT ANSWER-----------------Equity
If the only access to a parcel is through another's property the owner may
acquire this to reach his or her land ---------CORRECT ANSWER--------------
---Easement by Necessity
A wife's right to a life estate in her deceased husband's share of the
property. ---------CORRECT ANSWER-----------------Dowers Right
A transfer of property by lease
By will? ---------CORRECT ANSWER-----------------Demise
devise
,The degree, quantity, nature, and extent of interest that a person has in
real property, alive or deceased ---------CORRECT ANSWER-----------------
Estate
Zoning with the intent to discriminate against low and middle-income
housing. ---------CORRECT ANSWER-----------------Exclusionary Zoning
Areas in properties owned in common by Condominiums owners as a
group. ---------CORRECT ANSWER-----------------Common Elements
Interest acquired by buyer with land contract.
When someone has a legal right to Title which is being held by another. ----
-----CORRECT ANSWER-----------------Equitable Title (estate)
A right acquired by one party to use the land of another party for a special
purpose. ---------CORRECT ANSWER-----------------Easement
The right of government to take privately owned real estate for the public
good and owner receives just compensation ---------CORRECT ANSWER---
--------------Eminent Domain
Limitations placed on the use of the property by private parties (not
government) and found in the deed ---------CORRECT ANSWER--------------
---Deed Restrictions
,Signifies that parties are legally competent to contract ---------CORRECT
ANSWER-----------------Contractual Ability
Rights of a husband to a life estate in his deceased wife share of the
property ---------CORRECT ANSWER-----------------Curtesy Rights
State laws or the government have the right to acquire real estate when
there is no will left and are no compatible heirs ---------CORRECT
ANSWER-----------------Escheat
Mixing of personal funds with the funds of clients (stealing) ---------
CORRECT ANSWER-----------------Commingling
When debt is repaid, the mortgagee has no further claim to property.
A mortgage clause which cause for the return of the title to the mortgagor
when the debt is satisfied / repaid ---------CORRECT ANSWER-----------------
Defeasance Clause
Transfer title to - by sale or gift ---------CORRECT ANSWER-----------------
Convey
Highest type of interest in real estate recognized by law ---------CORRECT
ANSWER-----------------Fee Simple
, An estate in land that can terminate in the occurrence or nonoccurence of a
specified event; "as long as" ---------CORRECT ANSWER-----------------Fee
determinable
Third party who will eventually gain ownership ---------CORRECT
ANSWER-----------------Remainderman
Future interest of an owner ---------CORRECT ANSWER-----------------
Reversionary interest
A financial claim against property that provides security for a debt or
obligation of the property owner ---------CORRECT ANSWER-----------------
Lien
Placed against one parcel of real estate only
(Mortgage, child support, property taxes) ---------CORRECT ANSWER-------
----------Specific lien
Determines the order a lien would be paid off in case of a foreclosure
- determines by the date of recording in the public records where property
is located ---------CORRECT ANSWER-----------------Priority
A pledge of real property that serves as security or collateral for a loan ------
---CORRECT ANSWER-----------------Mortgage
INSURANCE TEST BANK | TITLE INSURANCE
LICENSING | ALL QUESTIONS AND CORRECT
ANSWERS | VERIFIED ANSWERS | LATEST VERSION
2025 | ALREADY GRADED A+
Municipalities have enacted ordinances (a set of rules) to specify
construction standards that must be met when repairing to erecting
buildings ---------CORRECT ANSWER-----------------Building Codes
The difference between the market value of a property and the outstanding
liens. ---------CORRECT ANSWER-----------------Equity
If the only access to a parcel is through another's property the owner may
acquire this to reach his or her land ---------CORRECT ANSWER--------------
---Easement by Necessity
A wife's right to a life estate in her deceased husband's share of the
property. ---------CORRECT ANSWER-----------------Dowers Right
A transfer of property by lease
By will? ---------CORRECT ANSWER-----------------Demise
devise
,The degree, quantity, nature, and extent of interest that a person has in
real property, alive or deceased ---------CORRECT ANSWER-----------------
Estate
Zoning with the intent to discriminate against low and middle-income
housing. ---------CORRECT ANSWER-----------------Exclusionary Zoning
Areas in properties owned in common by Condominiums owners as a
group. ---------CORRECT ANSWER-----------------Common Elements
Interest acquired by buyer with land contract.
When someone has a legal right to Title which is being held by another. ----
-----CORRECT ANSWER-----------------Equitable Title (estate)
A right acquired by one party to use the land of another party for a special
purpose. ---------CORRECT ANSWER-----------------Easement
The right of government to take privately owned real estate for the public
good and owner receives just compensation ---------CORRECT ANSWER---
--------------Eminent Domain
Limitations placed on the use of the property by private parties (not
government) and found in the deed ---------CORRECT ANSWER--------------
---Deed Restrictions
,Signifies that parties are legally competent to contract ---------CORRECT
ANSWER-----------------Contractual Ability
Rights of a husband to a life estate in his deceased wife share of the
property ---------CORRECT ANSWER-----------------Curtesy Rights
State laws or the government have the right to acquire real estate when
there is no will left and are no compatible heirs ---------CORRECT
ANSWER-----------------Escheat
Mixing of personal funds with the funds of clients (stealing) ---------
CORRECT ANSWER-----------------Commingling
When debt is repaid, the mortgagee has no further claim to property.
A mortgage clause which cause for the return of the title to the mortgagor
when the debt is satisfied / repaid ---------CORRECT ANSWER-----------------
Defeasance Clause
Transfer title to - by sale or gift ---------CORRECT ANSWER-----------------
Convey
Highest type of interest in real estate recognized by law ---------CORRECT
ANSWER-----------------Fee Simple
, An estate in land that can terminate in the occurrence or nonoccurence of a
specified event; "as long as" ---------CORRECT ANSWER-----------------Fee
determinable
Third party who will eventually gain ownership ---------CORRECT
ANSWER-----------------Remainderman
Future interest of an owner ---------CORRECT ANSWER-----------------
Reversionary interest
A financial claim against property that provides security for a debt or
obligation of the property owner ---------CORRECT ANSWER-----------------
Lien
Placed against one parcel of real estate only
(Mortgage, child support, property taxes) ---------CORRECT ANSWER-------
----------Specific lien
Determines the order a lien would be paid off in case of a foreclosure
- determines by the date of recording in the public records where property
is located ---------CORRECT ANSWER-----------------Priority
A pledge of real property that serves as security or collateral for a loan ------
---CORRECT ANSWER-----------------Mortgage
