Portion Of Title Producer Exam Questions& Answers..

14. In order for a non-resident seller to receive a partial exemption from the Maryland Withholding Tax, requested within how many days of closing? a. 11 days b. 15 days c. 21 days d. 30 days {Ans: c. 21 days}6. Under the Real Estate Procedures Act of 1974, all parties to certain real estate transactions receive a uniform settlement statement called: a. Loan Estimate b. Good Faith Estimate c. Warranty Disclosure d. Closing Disclosure {Ans: d. Closing Disclosure}1. If a party uses a fictitious or different name than its business name, it must be approved by the a. Maryland Insurance Administration b. National Association of Insurance Commissioners c. Maryland Land Title Association d. American Land Title Association {Ans: a. Maryland Insurance Administration}11. Licensed title agents are required under Maryland law to be appointed by this party to do business in the State of Maryland. a. Commissioner b. Underwriter c. Title Producer d. Closing Agent {Ans: b. Underwriter}13. A Maryland Intake sheet is used to aid with the recording and indexing of land instruments and must include all of the following information except? a. Name of grantor b. Name of grantee c. Social of grantor d. Address