NJ TITLE INSURANCE EXAM WITH
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+
Master Deed - ANSWERS-Summary of all Deeds in a
condominium project, as well as describing the interest in
common elements.
Datum - ANSWERS-a point, line, or surface from which
elevations are measured or indicated
Bequest - ANSWERS-Gift of personal property by Will.
General Partnership - ANSWERS-A business relationship
where all the partners participate in some extent in the
operation and management of the business and may be
held personally liability for business losses and obligations
,Constructive Eviction - ANSWERS-"Self eviction" by the
tenant because the property cannot be used for the purpose
for which it was rented.
Pur Autre Vie - ANSWERS-For The Life Of Another ; A life
estate measured by the life of someone other than the
tenant
Bilateral Contracts - ANSWERS-Both parties promise to do
something ; one promise is given in exchange for another
- real estate contracts
Bundle of Rights - ANSWERS-Buying the rights previously
held by the seller
1) the right of possession
2) the right to use the property in any legal manner
3) the right of enjoyment
4) the right of exclusion
5) the right of disposition
,Judgement - ANSWERS-A court decision regarding the
respective claims of the parties to an action
After recorded, this usually becomes a general lien on the
property of the defendant
Spot Zoning - ANSWERS-A use Variance for a specific
property.
Set Back - ANSWERS-The distance set by zoning ordinances
from adjoining property lines limiting the placement of a
building / space between houses
General Lien - ANSWERS-A lien against all the property /
assets someone owns
(Judgements, federal / state taxes, debts of dead person, IRS
taxes)
Police Power - ANSWERS-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)
Graduated Payment Plan (Adjustable Rate Mortgage) -
ANSWERS-A mortgage in which payments are lowered
intentionally then increase to make up the difference.
Breach of Contract - ANSWERS-Default on a contract by one
or two parties.
Riparian Rights - ANSWERS-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
Involuntary Alienation - ANSWERS-title of property is
transferred without the owners content, such as: Adverse
Possession, Eminent Domain, Escheat or Foreclosure
Chattels - ANSWERS-Movable personal property
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+
Master Deed - ANSWERS-Summary of all Deeds in a
condominium project, as well as describing the interest in
common elements.
Datum - ANSWERS-a point, line, or surface from which
elevations are measured or indicated
Bequest - ANSWERS-Gift of personal property by Will.
General Partnership - ANSWERS-A business relationship
where all the partners participate in some extent in the
operation and management of the business and may be
held personally liability for business losses and obligations
,Constructive Eviction - ANSWERS-"Self eviction" by the
tenant because the property cannot be used for the purpose
for which it was rented.
Pur Autre Vie - ANSWERS-For The Life Of Another ; A life
estate measured by the life of someone other than the
tenant
Bilateral Contracts - ANSWERS-Both parties promise to do
something ; one promise is given in exchange for another
- real estate contracts
Bundle of Rights - ANSWERS-Buying the rights previously
held by the seller
1) the right of possession
2) the right to use the property in any legal manner
3) the right of enjoyment
4) the right of exclusion
5) the right of disposition
,Judgement - ANSWERS-A court decision regarding the
respective claims of the parties to an action
After recorded, this usually becomes a general lien on the
property of the defendant
Spot Zoning - ANSWERS-A use Variance for a specific
property.
Set Back - ANSWERS-The distance set by zoning ordinances
from adjoining property lines limiting the placement of a
building / space between houses
General Lien - ANSWERS-A lien against all the property /
assets someone owns
(Judgements, federal / state taxes, debts of dead person, IRS
taxes)
Police Power - ANSWERS-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)
Graduated Payment Plan (Adjustable Rate Mortgage) -
ANSWERS-A mortgage in which payments are lowered
intentionally then increase to make up the difference.
Breach of Contract - ANSWERS-Default on a contract by one
or two parties.
Riparian Rights - ANSWERS-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
Involuntary Alienation - ANSWERS-title of property is
transferred without the owners content, such as: Adverse
Possession, Eminent Domain, Escheat or Foreclosure
Chattels - ANSWERS-Movable personal property
