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NJ Title Producer Title Final EXAM|| Questions and
Answers with Explanations||VERIFIED EXAM!!!
All of the following requirements are necessary to the
establishment of an agency relationship EXCEPT:
A) An agreement between the parties
B) Competent parties
C) A lawful objective
D) Earnest money - ANSWER-D) Earnest money
A system of title registration used in some states,
whereby titles registered through a court of law
A) Fee title
B) Torrens title
C) Certificate of title
D) Equitable title - ANSWER-B) Torrens title
Zoning, building codes, nuisance abatement and
subdivision regulations arc examples of governmental
land-use control under the concept known as:
A) Police power
B) Escheat
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C) Eminent domain
D) Condemnation - ANSWER-A) Police power
At the closing of a real estate transaction, continuing
charges such as property taxes and rental income are
usually:
A) Assessed
B) Levied
C) Rebated
D) Prorated - ANSWER-D) Prorated
Which of the following types of legal descriptions identifies
a property by defining its boundaries in terms of a series of
directions and distances from a specific point of
beginning?
A) Rectangular
B) Lot and Block
C) Metes and Bounds
D) Geodetic - ANSWER-C) Metes and Bounds
An encroachment would be considered to be:
A) A financial encumbrance
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B) A general lien
C) A specific lien
D) A physical encumbrance - ANSWER-D) A physical
encumbrance
A loan that provides for increases and decreases in the
interest rate during its term is known as an:
A) Equity sharing
B) Graduated payment loan
C) Reverse annuity loan
D) Adjustable rate mortgage - ANSWER-D) Adjustable rate
mortgage
Which of the following terms describes personal property
that because of its attachment to real property is regarded
as real estate?
A) Emblements
B) Personality
C) Fixtures
D) Trade fixtures - ANSWER-C) Fixtures
Exclusionary zoning would likely be?
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A) Used against industry
B) Used against a religious group
C) Expensive building requirements
D) Spot Zoning - ANSWER-C) Expensive building
requirements
What did the formation of AL TA accomplish?
A) Agreement on rates
B) Uniformity of Procedures
C) A and B
D) Neither A nor B - ANSWER-B) Uniformity of Procedures
The Title Company will make its finding based on:
A) An affidavit of title
B) A certificate of title
C) An abstract of title
D) A policy of fee - ANSWER-C) An abstract of title
Which title commitment schedule will set forth payment
of premiums and require seller affidavits.
A) Schedule B-II
NJ Title Producer Title Final EXAM|| Questions and
Answers with Explanations||VERIFIED EXAM!!!
All of the following requirements are necessary to the
establishment of an agency relationship EXCEPT:
A) An agreement between the parties
B) Competent parties
C) A lawful objective
D) Earnest money - ANSWER-D) Earnest money
A system of title registration used in some states,
whereby titles registered through a court of law
A) Fee title
B) Torrens title
C) Certificate of title
D) Equitable title - ANSWER-B) Torrens title
Zoning, building codes, nuisance abatement and
subdivision regulations arc examples of governmental
land-use control under the concept known as:
A) Police power
B) Escheat
,2|Page
C) Eminent domain
D) Condemnation - ANSWER-A) Police power
At the closing of a real estate transaction, continuing
charges such as property taxes and rental income are
usually:
A) Assessed
B) Levied
C) Rebated
D) Prorated - ANSWER-D) Prorated
Which of the following types of legal descriptions identifies
a property by defining its boundaries in terms of a series of
directions and distances from a specific point of
beginning?
A) Rectangular
B) Lot and Block
C) Metes and Bounds
D) Geodetic - ANSWER-C) Metes and Bounds
An encroachment would be considered to be:
A) A financial encumbrance
,3|Page
B) A general lien
C) A specific lien
D) A physical encumbrance - ANSWER-D) A physical
encumbrance
A loan that provides for increases and decreases in the
interest rate during its term is known as an:
A) Equity sharing
B) Graduated payment loan
C) Reverse annuity loan
D) Adjustable rate mortgage - ANSWER-D) Adjustable rate
mortgage
Which of the following terms describes personal property
that because of its attachment to real property is regarded
as real estate?
A) Emblements
B) Personality
C) Fixtures
D) Trade fixtures - ANSWER-C) Fixtures
Exclusionary zoning would likely be?
, 4|Page
A) Used against industry
B) Used against a religious group
C) Expensive building requirements
D) Spot Zoning - ANSWER-C) Expensive building
requirements
What did the formation of AL TA accomplish?
A) Agreement on rates
B) Uniformity of Procedures
C) A and B
D) Neither A nor B - ANSWER-B) Uniformity of Procedures
The Title Company will make its finding based on:
A) An affidavit of title
B) A certificate of title
C) An abstract of title
D) A policy of fee - ANSWER-C) An abstract of title
Which title commitment schedule will set forth payment
of premiums and require seller affidavits.
A) Schedule B-II
