Michigan State Title Insurance Exam Practice Questions and Verified Answers
Metes and Bounds A system describing real estate that uses feet, degrees and a point of beginning is
Loan Policy The mortgage debt will be paid by the borrowers is not insured by this policy
Appurtenant Easement Runs with the land
Owner's Policy Insures that the taxes will not increase in which type of policy
Owner's Policy Rights of the government to appropriate land for a highway is not covered in what
type of policy
Loan Policy That future real estate taxes will be promptly paid is not insured by which type of
policy
Title Agent The type of construction (brick, frame, etc) does not concern _______ when
examining a survey?
An easement in gross a personal right
Non-Navigable Stream Owns the middle of the stream
non-secured creditor A title policy may not be issued to ___________
Underwriter The agent should forward to his __________ if there is a claim
36 How many sections are in a township
66 feet How long is a chain
640 acres A standard section contains appox.
Seller This party to the transaction is liable for state transfer tax
Grade A+ | Updated
, Michigan State Title Insurance Exam Practice Questions and Verified Answers
The Rectangular System The present system of surveying is known as
6 miles The space between range lines
A "Base Line" Runs East and West
A Loan Policy The quality and priority of the lien of the insured mortgage gets insured by which
policy
Schedule B matters specifically excepted from coverage are listed in which section?
amount of the policy plus the costs of defending the title. Under the terms of an Owner's policy of title insurance the insurer is obligated to
pay for the insured's substantive loss up to the ...
The Insurance Company After a claim has been paid and made whole, the right of subrogation provided in
the policy is vested in
Letters of Authority A personal representative is appointed by which of the following
Mortgagee To release a mortgage of record a satisfaction is executed by the
Mortgage is satisfied A properly executed satisfaction of mortgage Mortgage must Identify...
The Assignee A mortgage that has been totally assigned should be satisfied by
One year A construction lien expires how many years after recording?
The center of the lake A deed to land with lake frontage conveys title to
Testate When a person dies with a will, their estate is
Foreclosure Mortgages are enforced by
Grade A+ | Updated
Metes and Bounds A system describing real estate that uses feet, degrees and a point of beginning is
Loan Policy The mortgage debt will be paid by the borrowers is not insured by this policy
Appurtenant Easement Runs with the land
Owner's Policy Insures that the taxes will not increase in which type of policy
Owner's Policy Rights of the government to appropriate land for a highway is not covered in what
type of policy
Loan Policy That future real estate taxes will be promptly paid is not insured by which type of
policy
Title Agent The type of construction (brick, frame, etc) does not concern _______ when
examining a survey?
An easement in gross a personal right
Non-Navigable Stream Owns the middle of the stream
non-secured creditor A title policy may not be issued to ___________
Underwriter The agent should forward to his __________ if there is a claim
36 How many sections are in a township
66 feet How long is a chain
640 acres A standard section contains appox.
Seller This party to the transaction is liable for state transfer tax
Grade A+ | Updated
, Michigan State Title Insurance Exam Practice Questions and Verified Answers
The Rectangular System The present system of surveying is known as
6 miles The space between range lines
A "Base Line" Runs East and West
A Loan Policy The quality and priority of the lien of the insured mortgage gets insured by which
policy
Schedule B matters specifically excepted from coverage are listed in which section?
amount of the policy plus the costs of defending the title. Under the terms of an Owner's policy of title insurance the insurer is obligated to
pay for the insured's substantive loss up to the ...
The Insurance Company After a claim has been paid and made whole, the right of subrogation provided in
the policy is vested in
Letters of Authority A personal representative is appointed by which of the following
Mortgagee To release a mortgage of record a satisfaction is executed by the
Mortgage is satisfied A properly executed satisfaction of mortgage Mortgage must Identify...
The Assignee A mortgage that has been totally assigned should be satisfied by
One year A construction lien expires how many years after recording?
The center of the lake A deed to land with lake frontage conveys title to
Testate When a person dies with a will, their estate is
Foreclosure Mortgages are enforced by
Grade A+ | Updated
