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Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:

1. The Real Estate Settlement Procedure Act (RESPA), Section 8 violation that refers to a person giving or accepting a fee or "thing of value" for the referral of business is known as a

A) required use.
B) bundled services.
C) kickback.
D) conversion.

2. Which of the following is NOT the responsibility of the Notary Public when taking an acknowledgment on a Deed, Mortgage or Deed of Trust?

A) sign his or her name on the witness line
B) affix his or her official stamp
C) list the expiration date of his or her commission
D) obtain proper identification from all signers

3. A leasehold interest in real property ownership is

A) a lien interest.
B) an insurable interest.
C) an usury interest.
D) a non insurable interest.

4. What must accompany the satisfaction piece when presented for recording?

A) The original mortgage instrument
B) The payment record
C) The certificate of title
D) The final receipt

5. Which section of a title insurance policy lists the rights of the insurer?

A) insuring agreement
B) conditions
C) exclusions from coverage
D) declarations

Solutions: