Missouri Title Insurance Certification Exam Questions and Correct Answers/ Latest Update / Already Graded

Director- Examination of Records Ans: Within 60 days of the examination, the examiner must submit his report to the director for review. After a 30 day review period, there's allowance for rebuttals. Acknowledgement Ans: A formal declaration before an authorized officer by a person who has executed an instrument that such execution is his own act indeed. Necessary to entitle some instrument to be recorded to impart constructure, notice of its contents, and to entitle the instrument to be used as evidence without further proof. Adverse possession Ans: Physical possession of land inconsistent with the rights of the owner. Appurtenances All rights reserved © 2025/ 2026 | P a g e | 2 Ans: Rights that come with the title of the land itself. Things such as roadways and utility lines. Bonafide purchaser Ans: One who buys property In good faith For fair value Without notice of any adverse claim or right of 3rd parties Chain of title Quiet title Ans: The successive ownership or transfers in the history of title to a particular parcel of land. Each deed is a l ink. Ans: A court action to determine ownership or remove a cloud on a title. Chattel Ans: Personal property Closing and settlement All rights reserved © 2025/ 2026 | P a g e | 3 Ans: The final exchange in a sale Conservator Ans: A person granted authority by the court to oversee the property of an incompetent person. Conveyance Ans: The transfer of title to land from one party to another. Decedent Ans: A person who has died Easement Ans: a right to cross or otherwise use someone else's land for a specified purpose. For example to install operate and maintain utility lines. Affirmative easement Ans: The right to use property belonging to another for a specific reason All rights reserved © 2025/ 2026 | P a g e | 4 Negative easement Ans: Property owner promise they will not use all or part of the property for some specific purpose Gross easement Ans: Does not benefit another tract of realty i.e. Gas pipelines Encroachment Endorsement Ans: The extension of some improvement or object across the boundary of an adjoining tract. (Off sides). Ans: A form issued by the insurer at the request of the insured that changes terms or items in and issued policy or commitment. Entity Ans: A corporation, partnership, trust, LLC, or other similar legal entity. All rights reserved © 2025/ 2026 | P a g e | 5 Escheat Ans: Property reverts to the state when someone dies leaving NO WILL and NO HEIRS. Unclaimed funds could be monies held in escrow or outstanding checks. Escrow Ans: Money or securities Or documents held by a third party until conditions of a contract are met Guardian HUD Ans: A person deemed legally responsible to manage the affairs of a minor or the incompetent. Ans: Department of Housing and Urban Development. This is a government agency responsible for the implementation and administration of federal government housing and urban development programs. HUD - 1 Ans: A standard closing or settlement statement in a form the department of housing and urban development has approved.