3.6

Question 0

Title insurance exists because of ______ in US land records.

Answer 0

deficiencies

Question 1

______ is the consumer protection act that states you cannot require a certain closing company for your client.

Answer 1

RESPA

Question 2

True or False:

To be successful in real estate, you must spend a lot of time in your brokerage office.

Answer 2

False

Question 3

A transfer instrument (i.e. deed) is indexed by grantor and _______.

Answer 3

grantee

Question 4

The ______ is responsible for ensuring marketable title prior to closing.

Answer 4

seller

Question 5

True or False:

Title Insurance exists in great part because of fraud and corruption in the US Land Records.

Answer 5

False

Question 6

The _____ are the final arbiters of title disputes.

Answer 6

courts

Question 7

If liens or encumbrances are found before issuing the title insurance policy, the ______ may require that steps be taken to eliminate them.

Answer 7

insurer or title insurance company

Question 8

Title insurance companies attempt to discover title flaws by searching _____ records.

Answer 8

public

Question 9

Once the documents are siged, the closer will arrange for the transaction documents to be recorded by the _______.

Answer 9

county

Question 10

You should make sure there is an arrangement between the buyers and sellers for _______ of the property after the closing.

Answer 10

possession

Question 11

True or False:
You should check back with your buyers a day or so after they’ve moved in to chat about how they are enjoying their new home.

Answer 11

False (Give them a few more days to get settled)