Title Insurance Producer Exam Already Passed 2024/2025

Township {Ans: -- Lines run East and West and occur at 6 mile intervals North and South of the Base Line for its respective principal meridian. -- values are normally whole numbers starting at 1. -- lines are normally adjusted every 4th line to correct for the spherical nature of the eart. These are called standard parallels}Warranty Deed {Ans: A deed used to convey real property which contains warranties of title and quiet possession, and the grantor thus agrees to defend the premises against the lawful claims of third persons. It is commonly used in many states but in others the grant deed has supplanted it due to the modern practice of securing title insurance policies which have reduced the importance of express and implied warranty in deeds. If a deed is intended to be a general --, it should contain a phase specified by state law such as the phrase "conveys and warrants". These words, called operative words of conveyance, carry with them several warranties which the grantor is making to the grantee.}Title {Ans: The estate or interest described in Schedule A}Rebating {Ans: knowingly permitting or offering to give any rebate of premiums, or any