Flashcards in Title Search and Examination Deck (10)
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1
FS 627.784 prohibits title insurance from being written
- on the basis of reasonable search and examination of title
- by underwriting companies not admitted to the florida bar
- on casualty basis, without regard to possible existence of adverse matters or defects in title
- by attornyes who issue formal title opinions and conduct real estate closings
On a casualty basis, without regard to possible existence of adverse matters or defects in title
2
A chronological history of all recorded instruments affecting title to a specified parcel of land is known as a/an_____
- proforma commitment
- abstract of title
- title examination
- ownership and encumbrance report
Abstract of title
3
Florida was first claimed by
- ireland
- spain
- italy
- africa
Florida was first claimed by Spain
4
What instrument, other than a deed, did the US government use to convey title
- mortgage
- treaty
- patent
- statue
US used to use a Treaty to convey title
5
Florida became a state in
- 1492
- 1513
- 1735
- 1845
Florida became a state in 1845
6
Land granted by the united state to Florida in 1845 were to be used to establish seats of government with a portion to be used for ______
- homestead
- public schools
- environmental protection
- eminent domain
In 1845 the US granted land to Florida for public schools
7
Under marketable record title act, which has the same effect as a quiet title action, the "root of title" must be a record a minimum of ____ years prior to the time marketability is being determined
- 10
- 20
- 30
-40
Root of title must be recorded a minimum of 30 years prior
8
FS 727.7711(1)(b) stipulates that a separate charge may be made for
- title search and title examination
- title search and closing services
- title examination and determination of insurability
- title commitments and closing services
Title search and closing services may be a separate charge
9
In Florida, most titles can be traced back to _______
- spanish land grants
- territory of florida bargain and sales deeds
- torrens registry system
- uniform title standards
Most titles in Florida can be traced back to Spanish land grants
10
