75 NCLEX practice exam – Questions and
Answer
A Sheriff's Deed is ---100%correct answers---issued pursuant to
an execution process or judgment of foreclosure regarding the
sale of real property
Upon payment of a debt or performance of an obligation secured
by a mortgage, what document is typically recorded? ---
100%correct answers---released of mortgage
What kind of deed is it when two or more persons hold title to real
estate with equal rights to share in its enjoyment during their
respective lives with the provision that upon death of one of the
owners his/hers share in the property passes to the surviving
owner? ---100%correct answers---Joint tenancy warranty deed
Which of the following practices is prohibited by the insurance
code? ---100%correct answers---Making false or fraudulent
statements on an application of insurance
In counties of 10,000 or more title agent is prohibited from
accepting an order from controlled business arrangement where
the order will cause the total orders in the last year from controlled
sources to exceed : KSA 40-2404 ---100%correct answers---70%
of the agents total closed order
, A "producer" of title business includes : KAR 40-3-42 ---
100%correct answers---A real estate broker or agent
Which of the following would be considered a legal activity under
the insurance code and regulation? KAR 40-3-42 ---100%correct
answers---paying commercially reasonable rents for office space
rented from a producer of title insurance
Every title agent must notify the commissioner in writing within 30
days of the occurrence of the following: KAR 40-7-9 ---
100%correct answers----all details of a conviction of a
misdemeanor or felony ((excluding minor traffic violation)
-changed in the residential address of the licensee
-any disciplinary action against the licensee by any insurance
department in the united states
If a title agent fails of file a biennial report showing completion of
all required continuing education credits the agents license will be
automatically suspended for a period of : KSA 40-4903 ---
100%correct answers---90 Days
The commissioner may refuse to issue a license to any applicant
if it is found that the applicant : KSA 40-4909 ---100%correct
answers---improperly used notes or reference materials to
complete the insurance licensing exam
Which of the following would be considered an unfair trade
practice? KSA 40-2404 ---100%correct answers---rebate of a
charge or a premium
The purpose of title insurance is to : KSA 40-1102 ---100%correct
answers---Insure titles to property for loss due to defective titles of
encumbrances
Answer
A Sheriff's Deed is ---100%correct answers---issued pursuant to
an execution process or judgment of foreclosure regarding the
sale of real property
Upon payment of a debt or performance of an obligation secured
by a mortgage, what document is typically recorded? ---
100%correct answers---released of mortgage
What kind of deed is it when two or more persons hold title to real
estate with equal rights to share in its enjoyment during their
respective lives with the provision that upon death of one of the
owners his/hers share in the property passes to the surviving
owner? ---100%correct answers---Joint tenancy warranty deed
Which of the following practices is prohibited by the insurance
code? ---100%correct answers---Making false or fraudulent
statements on an application of insurance
In counties of 10,000 or more title agent is prohibited from
accepting an order from controlled business arrangement where
the order will cause the total orders in the last year from controlled
sources to exceed : KSA 40-2404 ---100%correct answers---70%
of the agents total closed order
, A "producer" of title business includes : KAR 40-3-42 ---
100%correct answers---A real estate broker or agent
Which of the following would be considered a legal activity under
the insurance code and regulation? KAR 40-3-42 ---100%correct
answers---paying commercially reasonable rents for office space
rented from a producer of title insurance
Every title agent must notify the commissioner in writing within 30
days of the occurrence of the following: KAR 40-7-9 ---
100%correct answers----all details of a conviction of a
misdemeanor or felony ((excluding minor traffic violation)
-changed in the residential address of the licensee
-any disciplinary action against the licensee by any insurance
department in the united states
If a title agent fails of file a biennial report showing completion of
all required continuing education credits the agents license will be
automatically suspended for a period of : KSA 40-4903 ---
100%correct answers---90 Days
The commissioner may refuse to issue a license to any applicant
if it is found that the applicant : KSA 40-4909 ---100%correct
answers---improperly used notes or reference materials to
complete the insurance licensing exam
Which of the following would be considered an unfair trade
practice? KSA 40-2404 ---100%correct answers---rebate of a
charge or a premium
The purpose of title insurance is to : KSA 40-1102 ---100%correct
answers---Insure titles to property for loss due to defective titles of
encumbrances
