Question
1. Which of the following is a method of title assurance? ANSWER: _______ A. Inspecting the property for any physical damage prior to the closing
1. Which of the following is a method of title assurance? ANSWER: _______
A. Inspecting the property for any physical damage prior to the closing
B. Having an attorney perform a title search
C. Self-insuring by doing nothing
D. Searching yourself online for any mention of problems with the property address
E. None of the above
2. Which of the following would be considered real property? ANSWER: _______
A. A computer
B. Clothing
C. A lawn mower
D. Livingroom furniture
E. None of the above
3. Which of the following provides the purchaser with the least amount of protection? ANSWER: _______
- A lenders title insurance policy
- A quitclaim deed
- Title search
- Abstract and opinion
- An owners title insurance policy
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