Nj title producer title - Study guides, Class notes & Summaries

NJ Title Producer Title Final Exam with Written Questions and Verified Answers "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? ANSWER B) It is divided, with B retaining their original interest and the balance going to A's estate. An insurance 1>producer who is committed of a felon~· must report the conviction to the Commissioner of Insurance, within how many days after the conviction? A) 5 day...

Feudal - Answer Royalty Alloidial - Answer Commoner Title ensures your "Bundle of Rights" - Answer "PoCoEnD" - Possession - Control - Enjoyment - Disposition, Devise (to convey real property in a will) Government Reserved Rights - Answer "PETE"; Police Power, Eminent Domain, Taxation, Escheat Police Power - Answer Right of govt. to enact and enforce laws that restrict use of property without compensation to the owner for general public welfare.......

NJ Title Producer Title Final QUESTIONS AND CORRECT VERIFIED ANSWERS REAL EXAM LATEST UPDATE

NJ Title Producer Terms & Concepts Questions and Complete Solutions Graded A+

NJ Title Producer Terms & Concepts with Written Questions and Verified Answers Feudal ANSWER Royalty Alloidial ANSWER Commoner Littoral rights (WATER) ANSWER Unrestricted rights granted to owners whose land borders oceans and large, navigable lakes that have a tide. Merger ANSWER When lesser interest is automatically absorbed when greater interest is acquired Real Estate ANSWER Land itself and whatever is affixed to it Personal property ANSWER Any property that is not real property...

NJ Title Producer Terms & Concepts questions and answers graded A+ by experts 2024/2025

NJ TITLE PRODUCER TITLE FINAL EXAM TEST WITH ALL ANSWERS

NJ Title Insurance Producer Final Exam Set with Q&A "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...

NJ Title Producer Final Exam () Questions and Answers 100% Correct | Distinction "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the prop...