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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

Which court has the judicial authority over quiet title actions
- community court
- circuit court
- county court
- competency court

The circuit court has judicial authority over quiet title actions