Ohio Land Title Association – Title Agent Practice Exam

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• What is the term for when someone holds legal title for the benefit of others?
• When does actual concealment of a material fact occur?
• What type of easement is created for the benefit of the owner of the easement and does not benefit another parcel of real estate?
• Which term is used to describe a legal procedure used to sell property when a mortgage is defaulted?
• Which of the following are types of closings?
• Which type of easement typically benefits a governmental entity and is primarily for public use?
• What could be a consequence of failing to comply with closing instructions?
• What term describes the legal process by which a governmental body acquires private property for public use?
• Which legal principle requires certain types of contracts to be in writing to be enforceable?
• What is the term for an association of two or more persons to profit from a business?
• What does the term "abandonment" in real estate refer to?
• Which of the following should NOT be used interchangeably with covenants?
• What can banks collect if commercial landlords default on their agreements?
• How long is a temporary insurance license typically valid for?
• Which department is responsible for maintaining tax maps?
• What term refers to rights or restrictions that run with the land?
• In a deed, which element is commonly used to describe the land's boundaries?
• What does "forfeiture" typically refer to within a land contract?
• What type of easement allows shared access or use between two parcels?
• Which term describes the obligation to act with complete honesty in disclosing relevant facts in a transaction?
• In a trust, who holds the legal title while the beneficiary owns the equitable title?
• What type of loss is described as a direct loss?
• What does a Cease and Desist order signify?
• What term refers to an interest in real property?
• What type of record must the recorder keep regarding property transactions?
• What type of easement is obtained through open, notorious, and adverse use for at least 21 years without permission?
• What does "3 to tell 5 to show" refer to in consumer reporting?
• What is an example of a non-freehold estate?
• What kind of estate is known for having no guaranteed conveyance after the grantor's death?
• Which of the following is NOT a warranty of title?
• Which of the following is NOT an aspect of a Leasehold estate?
• When does forfeiture typically occur in relation to a land contract?
• What must an insurance applicant do regarding material facts when applying for coverage?
• What is the purpose of a foreclosure?
• What is the duration of validity for a title commitment?
• What type of title represents the actual ownership of a property?
• What is essential for individuals who represent insurance companies to maintain according to state laws?
• Which terms can be used interchangeably according to property law?
• What is the legal action called when a court divides property among co-owners or orders its sale if they can't agree?
• Which easement allows necessary use required for the full enjoyment of a property and typically arises from land being landlocked?
• Which of the following is NOT one of the five types of real property?
• In which ownership arrangement does an interest pass to surviving owners upon death?
• Which of the following is not typically included in a final policy for an owner's policy?
• What type of insurance is provided under the lender’s policy?
• Which of the following is an example of a freehold estate?
• Which document is essential to verify the existence of a corporation?
• What could misrepresentation during the application process lead to concerning a policy?
• What may an insurance agent be held liable for if they engage in deceptive practices?
• What elements are essential in forming a legally binding contract?
• What is an agreement that stipulates certain performance or non-performance acts regarding real property?
• What is defined as the actual ownership of property?
• Which type of estate is defined as having a duration that is not fixed by a specified time?
• Which fee simple estate can be ended by the grantor or their heirs upon the occurrence of a certain condition?
• What defines an individual who conducts business on behalf of an insurance company?
• What is an estate in land that is owned for an indeterminate length of time called?
• What does implied authority allow an agent to do?
• In which of the following scenarios does a Fee Tail Estate apply?
• Under what condition is an easement considered insurable?
• What type of lien is created with cooperation, such as mortgages and assignments of rents and leases?
• Which type of contract allows the buyer to pay the purchase price in installments while the seller retains title until paid in full?
• Which deed provides warranty only against defects arising during the grantor's period of ownership?
• Which of the following describes a defectively executed deed where the grantee has equitable title?
• Which term describes written statements in a property deed that restrict land use?
• Which of the following is an example of misrepresentation in insurance?
• What is the goal of indemnification in the context of insurance?
• What defines apparent authority in agency relations?
• Which type of legal entity can be insured in a land title policy?
• What is the term for indirect loss, such as staying in a hotel after a fire?
• What is the term for the requirement that the insured must benefit or derive value from the existence of whatever is insured?
• What is the key requirement for a prescriptive easement to be obtained?
• What does the term "aleatory" refer to in an insurance context?
• Which of the following is NOT a principle of clearing title?
• What type of estate is measured in the life of someone other than the grantee?
• Which part of the title commitment specifies the date of the title examination?
• How is a legal description defined in real estate?
• Who is a closing agent?
• What is a fine for willful violation of consumer protection laws?
• Which of the following best describes the term 'partition' in property law?
• What type of deed relinquishes interest in property without any warranty of title?
• Which type of lease allows the tenant to extract oil and gas from a specific property?
• What is the type of authority that is explicitly granted to an agent by the insurer?
• What must a written notice include if a hearing is convened regarding an individual's possible fraudulent activities?
• What type of authority is assumed by the insurer?
• What is NOT typically an exception that may appear in a title commitment?
• What is the legal principle that allows someone to have control over the use of property through conditions imposed in a deed?
• What type of authority is assumed by the customer in an insurance agreement?
• What is the term for a person who is entitled to inherit property after the termination of the current owner's estate?
• Which type of easement involves insurable interest for title insurance purposes?
• Which of the following options best describes the concept of risk in insurance?
• What is the primary function of the Auditors Office in relation to land title?
• What does RESPA stand for?
• Under Ohio law, what type of name cannot hold title to real estate?
• Which of the following is not typically considered part of an insurance agent’s role?
• How many hours of continuing education must be specifically related to title for agents?
• Which estate grants rights of possession without transferring ownership to the tenant?
• Which type of title must a title agent examine for encumbrances and liens before a conveyance?
• Which type of risk involves the potential for both loss and gain?
• What entails abandonment concerning fee simple title?
• What describes co-ownership in which each party's interest passes to their heirs upon death?
• What triggers the insurance agent appointment deadline?
• What does an application for insurance typically represent for the insured?
• What information is included in a cease and desist order?
• What type of contract requires the insured to accept the entire contract with all its terms and conditions?
• What does Schedule A in a title commitment primarily contain?
• What is the penalty for violating a cease and desist order?
• Which of the following describes a valid authority of a trustee?
• Which of the following describes endorsements in title insurance?
• What is the practice of withholding material information from an insurance company called?
• How many elements are required for a deed?
• Which act protects consumers from inaccurate or obsolete personal or financial information?
• What type of estate is meant to revert to the grantor if the specified condition is not met?
• What term describes land that is burdened by an easement?
• Which term describes the right to use someone else's land for a specific purpose?
• What does defamation in the context of insurance signify?
• Which of the following is NOT one of the elements of a deed?
• In Ohio, what interest does each married person have in their spouse's property?
• What do we call statements made by an applicant to an insurance company that can lead to coverage denial if proven false?
• What criminal act may occur if an agent makes false statements about the financial status of an insurer?
• What is defined as the uncertainty or chance of loss occurring in terms of risk?
• What is the term for dying with a valid will?
• What type of business structure requires reviewing a certified copy of the resolution from the Board of Directors?
• Which document must include the name and address of the trustee and be recorded to convey title?
• Which term refers to the involuntary transfer of title, such as lien foreclosure or adverse possession?
• What type of exceptions are included in all commitments and policies?
• When must an insurance agent appointment be made after the agency contract is executed?
• What term describes the relationship that exists when one party acts on behalf of another?
• How many Continuing Education (CE) hours can be carried over, and how are they categorized?
• What type of sale involves a neutral third party managing funds for an agreement fulfillment?
• What is the function of a habendum clause in a deed?
• Which is an example of an unfair claims settlement practice?
• How long does one have to report changes in name or address to the superintendent?
• What type of authority assumes an agent has whatever authority a reasonable person would assume?
• What term is used for mortgages, liens, and restrictions that can diminish property ownership?
• Which type of deed is commonly used when a property is conveyed without assurance of a clear title?
• How will the superintendent provide a cease and desist order?
• What term refers to a notice that no other interests can be filed against a property once it is filed?
• What type of consumer protection does RESPA provide?
• What type of tenancy, involving a husband and wife, was abolished in 1985?
• What is the primary purpose of the Recorders Office?
• What is the highest interest in real estate recognized by law?
• What must a trade name or DBA do to be compliant in Ohio?
• Which of the following is not required to ascertain facts in land records?
• What is an essential component in the clearing of title?
• What distinguishes a limited warranty deed from a general warranty deed?
• What is the term for an easement that is specifically for transportation and can benefit either a landowner or a governmental entity?
• What are specific exceptions related to in a title search?
• What is a fee estate that may automatically terminate upon the occurrence of a stated event?
• What type of promise is a unilateral contract?
• What does the term "escrow" mean?
• Which type of ownership arrangement does not automatically pass an interest to the surviving owner upon death?
• What legal concept protects the rights of parties involved in a contract?
• What does a warranty of "good title" ensure in a property transaction?
• What is the primary purpose of requiring insurance agents to be licensed?
• Which legal interest is specifically mentioned as insurable?
• What is defined as the open, continuous, exclusive, and notorious possession of another's land that may lead to acquiring title?
• What is the term for the legal absorption of one estate into another when both are owned by the same person?
• Which of the following is necessary for a corporation to legally exist and sell property?
• Which condition allows an estate to be defeated if a specific act happens afterward?
• What type of authority allows an agent to perform tasks that are not formally stated?
• What type of easement benefits a specific parcel of land and transfers with it?
• What describes the reduction or disappearance of value?
• What is a fundamental duty of insurance departments concerning licensed individuals?
• What defines the term 'estate' in relation to real property?
• What must be proven to establish an easement by necessity?
• What is a key characteristic of condemnation?
• What term refers to a claim or lien that can affect property ownership?
• What type of title arrangement allows a trustee to hold legal title for the benefit of another?
• What type of deed offers the most protection by fully warranting clear title to a property?
• When can a superintendent take your license?
• What is the minimum number of hours of ethics training required in the continuing education for title agents?
• What is included in the interests that can be insured?
• What type of estate grants a temporary right to possession without transferring title?
• What are the continuing education requirements for title insurance agents?
• What is the primary characteristic of a quitclaim deed?
• Which fee simple estate will revert back to the grantor under certain conditions?
• Which term refers to a fixed duration leasehold?
• What interest in real property involves specific durations, like an oil and gas lease?
• What is a quiet title action?
• What two agreements can be associated with title insurance?
• Who may be eligible for a temporary license from the insurance superintendent?
• What is the legal term for dying without a will?
• What is characterized as good or clear title, free from litigation risks associated with defects?
• Which type of easement involves two parcel owners with specific uses for each parcel, transferring with the title of each?
• Which term describes authority that an insurance agent has, stated either orally or in writing?
• What must happen for easements by prescription or necessity to become insurable?
• Which of the following is classified as an involuntary lien?
• What type of authority allows an agent to do reasonable acts that are not specifically outlined?
• What is a formal declaration made before a notary public called?
• A lien against a removable part of the property is known as what?
• What is a judicial sale?
• What is referred to as giving something of value to induce a customer to purchase insurance?
• What practice involves the spreading of risk of loss between two or more title insurance companies?