NJ TITLE INSURANCE EXAM
QUESTIONS AND ANSWERS 2026
VERIFIED.
Abandonment - ANS When a party in legal possession of property leaves without the
intention of reclaiming rights.
Abstract of Title - ANS A brief history of the instruments appearing in the county record that
affect title to the parcel in question.
Condensed history of all documents affecting a parcel of real estate
Acceleration Clause - ANS Mortgage Clause demanding full payment upon Default.
Accretion - ANS an increase of land caused by the gradual depositing of solid material
Adhesion Contract - ANS A non negotiable contract with terms dictated by one party.
Aleatory Contract - ANS A contract based upon Future uncertain conditions.
Administrators Deed - ANS Transfers Title of an intestate by the administrator.
Easement by Prescription - ANS Someone has used another persons land for a certain period
of time as defined by state law
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 31
,(20 years in NJ)
Air Rights - ANS Rights to space above a property
Belonging to owner of land below
Feudal System - ANS Government owns all property and individuals get rights.
Fiduciary - ANS A person or organization that acts on behalf of another person to manage
assets
Foreclosure - ANS To seize and sell property pledged for a debt
A forced sale of property to satisfy a lien.
Alluvion - ANS Solid material deposited by a body of water
Freehold Estate - ANS An interest in real property whose length cannot be determined in
advance
Estates of indeterminable length - a person may OWN that estate for a lifetime or forever
ex: Fee simple ; fee determinable ; life estate
Avulsion - ANS Sudden change of course of a stream
Joint Tenancy - ANS two or more people own property ; nonmarried persons with right of
survivorship
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,ALTA - ANS American Land Title Association
Usury - ANS Charging more than (unusually high) the legal limit on interest.
Appraisal - ANS A defensible estimate of value by an expert under given market conditions.
Life Estate - ANS Granting of a lifetime interest in the property without the right to transfer
title.
Complete ownership until someone's death
Ingress And Egress - ANS The means to gain entrance into or to an exit from a property
Housing and Urban Development (HUD) - ANS A government agency which oversees National
Housing Programs and enforce the Federal Fair Housing Act
Real Estate Settlement Procedures Act (RESPA) - ANS To ensure that the buyer and seller in a
residential real estate transaction have knowledge of all settlement costs ; prohibits kickbacks
Metes and Bounds - ANS Description makes use of the boundaries and measurements of the
land in question
Benchmark - ANS Aid surveyors, permanent reference points
Master Deed - ANS Summary of all Deeds in a condominium project, as well as describing the
interest in common elements.
Datum - ANS a point, line, or surface from which elevations are measured or indicated
@COPYRIGHT ALL RIGHTS RESERVED PAGE 3 OF 31
, Bequest - ANS Gift of personal property by Will.
General Partnership - ANS 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 - ANS "Self eviction" by the tenant because the property cannot be
used for the purpose for which it was rented.
Pur Autre Vie - ANS For The Life Of Another ; A life estate measured by the life of someone
other than the tenant
Bilateral Contracts - ANS Both parties promise to do something ; one promise is given in
exchange for another
- real estate contracts
Bundle of Rights - ANS 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 - ANS 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
@COPYRIGHT ALL RIGHTS RESERVED PAGE 4 OF 31
QUESTIONS AND ANSWERS 2026
VERIFIED.
Abandonment - ANS When a party in legal possession of property leaves without the
intention of reclaiming rights.
Abstract of Title - ANS A brief history of the instruments appearing in the county record that
affect title to the parcel in question.
Condensed history of all documents affecting a parcel of real estate
Acceleration Clause - ANS Mortgage Clause demanding full payment upon Default.
Accretion - ANS an increase of land caused by the gradual depositing of solid material
Adhesion Contract - ANS A non negotiable contract with terms dictated by one party.
Aleatory Contract - ANS A contract based upon Future uncertain conditions.
Administrators Deed - ANS Transfers Title of an intestate by the administrator.
Easement by Prescription - ANS Someone has used another persons land for a certain period
of time as defined by state law
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 31
,(20 years in NJ)
Air Rights - ANS Rights to space above a property
Belonging to owner of land below
Feudal System - ANS Government owns all property and individuals get rights.
Fiduciary - ANS A person or organization that acts on behalf of another person to manage
assets
Foreclosure - ANS To seize and sell property pledged for a debt
A forced sale of property to satisfy a lien.
Alluvion - ANS Solid material deposited by a body of water
Freehold Estate - ANS An interest in real property whose length cannot be determined in
advance
Estates of indeterminable length - a person may OWN that estate for a lifetime or forever
ex: Fee simple ; fee determinable ; life estate
Avulsion - ANS Sudden change of course of a stream
Joint Tenancy - ANS two or more people own property ; nonmarried persons with right of
survivorship
@COPYRIGHT ALL RIGHTS RESERVED PAGE 2 OF 31
,ALTA - ANS American Land Title Association
Usury - ANS Charging more than (unusually high) the legal limit on interest.
Appraisal - ANS A defensible estimate of value by an expert under given market conditions.
Life Estate - ANS Granting of a lifetime interest in the property without the right to transfer
title.
Complete ownership until someone's death
Ingress And Egress - ANS The means to gain entrance into or to an exit from a property
Housing and Urban Development (HUD) - ANS A government agency which oversees National
Housing Programs and enforce the Federal Fair Housing Act
Real Estate Settlement Procedures Act (RESPA) - ANS To ensure that the buyer and seller in a
residential real estate transaction have knowledge of all settlement costs ; prohibits kickbacks
Metes and Bounds - ANS Description makes use of the boundaries and measurements of the
land in question
Benchmark - ANS Aid surveyors, permanent reference points
Master Deed - ANS Summary of all Deeds in a condominium project, as well as describing the
interest in common elements.
Datum - ANS a point, line, or surface from which elevations are measured or indicated
@COPYRIGHT ALL RIGHTS RESERVED PAGE 3 OF 31
, Bequest - ANS Gift of personal property by Will.
General Partnership - ANS 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 - ANS "Self eviction" by the tenant because the property cannot be
used for the purpose for which it was rented.
Pur Autre Vie - ANS For The Life Of Another ; A life estate measured by the life of someone
other than the tenant
Bilateral Contracts - ANS Both parties promise to do something ; one promise is given in
exchange for another
- real estate contracts
Bundle of Rights - ANS 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 - ANS 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
@COPYRIGHT ALL RIGHTS RESERVED PAGE 4 OF 31
