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Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:

1. Which of the following items is least likely to be recorded?

A) bill of sale
B) mechanic's lien
C) mortgage lien
D) satisfaction of mortgage

2. The sale of a property was subject to the buyer's being able to assume an existing loan on the property. Upon examination, the note was found to contain a clause that prohibited the assumption of the loan. The clause was

A) a due-on-sale clause.
B) a subordination clause.
C) a prepayment clause.
D) an assumption clause.

3. Which of the following is considered a voluntary lien?

A) State tax lien.
B) Real estate tax lien.
C) Mortgage lien.
D) Construction lien.

4. Under the terms of a title insurance policy, when a disputed claim is decided by a neutral third party, the process is called

A) indemnification.
B) litigation.
C) arbitration.
D) subrogation.

5. A purchaser on a real estate contract has what interest in the subject property?

A) equitable interest
B) vendee's interest
C) fee simple interest
D) purchaser's interest

Solutions: