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Title Producer Exam | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions $13.48   Add to cart

Exam (elaborations)

Title Producer Exam | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions

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  • Course
  • Missouri Title Producer
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  • Missouri Title Producer

Title Producer Exam | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions

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  • August 7, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Missouri Title Producer
  • Missouri Title Producer
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VasilyKichigin
Title Producer Exam | Questions & Answers (100 %Score) Latest Updated 2024/2025
Comprehensive Questions A+ Graded Answers | With Expert Solutions


What is the county transfer rate? - $0.55 per $500



When does a mortgage expire? - 30 years after the due date OR 30 years after the recording if there is
no due date.



The right to possess, use and enjoy land can be affected by? - Covenants, conditions and restrictions



Transfer valuation affidavit - This must be filed when giving constructive notice for interest in a property
and the amount for consideration isn't listed on the face of the notice.



How is a mortgage enforced? - By foreclosure



Range lines are? - 6 miles apart



Townships contain? - 36 sections



Who is liable for the payment of the state transfer tax? - The seller



State liens expire when? - 7 years after recording date



Restrictions are? - Things that prohibit or limit certain uses, occupation or improvements of land. They
can be public or private and are usually contained in a deed.



Public restrictions are? - Restrictions imposed by government entities such as zoning ordinances, etc.



Escrow - A third, disinterested party where all required documents and funds are placed for processing
and disbursement.

, The Escrow agreement must contain? - Drop dead date.



Title is? - Evidence of a person's right or extent of a person's interest in real estate. It is the means by
which ownership is asserted.



A section is? - 640 acres



Meets and bounds are made up of? - Point of beginning, courses and distances



What is the state transfer rate? - $3.75 per $500



A rod is? - 16.5 ft



Fiduciary - An entity who's trusted to handle the money of another through an escrow or trust.



What is not required on a mortgage discharge? - A legal description



Search and Examination - The searching of all recorded instruments which constitute the chain of title to
determine ownership of title and determine interests or encumbrances that affect title.



When does an Execution Levy expire? - 5 years after recording



Corporate resolution - How we know who has signing authority for a corporation or LLC



A chain is how long? - 66 ft



A link of a chain is? - 0.66 ft



When confirming power of attorney, what must be true? - It must a. still be in effect, b. the original
grantor must still be living, c. he/she has not revoked the power.

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