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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:

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

1. Which property type includes all lands, man-made improvements, anything growing on the lands, as well as interests, or "rights," including future occupancy, reversion, and the use of surface and air space?

A) Intangible
B) Tangible
C) Personal
D) Real

2. What is the purpose of probate of an estate?

A) to avoid inheritance tax
B) to foreclose a lien
C) to establish heirs
D) to transfer a deceased's debts

3. When a land owner uses his land as security for a loan, the encumbrance created is called

A) a promissory note.
B) a mortgage.
C) an involuntary lien.
D) a special security.

4. What requirements define which closing costs are allowable as charges to the borrower?

A) RESPA
B) FHA
C) ALTA
D) State

5. To satisfy a mortgage of record, which of the following must be filed?

A) a certified copy of original mortgage
B) a payoff statement
C) an original note
D) a mortgage satisfaction

Solutions: