New Jersey Title Producer Exam, NJ Title Final Exam, Title

• | P a g e

New Jersey Title Producer Exam, NJ Title Final Exam, Title Insurance Test Bank NJ, NJ Title Producer Questions and Answers, NJ Licensing Exam, Title Producer Certification NJ, Title Insurance Study Guide

Failure of homeowners to pay for labor to repair their homes

may result in a :

• Mechanic's lien/construction lien
• General lien
• Bankers lien
• None of the above - ANSWER-A) Mechanic's

lien/construction lien

The recording of a deed or other instrument in the public

records:

• Constructive notice
• Acknowledgment
• Actual notice
• Hypothecation - ANSWER-A) Constructive notice
• / 4

• | P a g e

In a property transfer, the signature of the grantor's spouse

would waive:

• The spouse's right to any proceeds
• Dower or courtesy right
• The grantee's right to a fee estate
• The grantee's right to any warranty - ANSWER-B) Dower or

courtesy right

The right of ingress and egress over the land of another is

classified as an:

• Servant tenement
• Easement
• Encroachment
• Equitable lien - ANSWER-B) Easement

A deed which entitles the owner to possession of a property for a specific time period within each year, and which constitutes a Tenancy in Common with other such owners involves?

• Cooperative ownership
• Condominium ownership
• Interval ownership 2 / 4

• | P a g e

• Joint possession - ANSWER-C) Interval ownership

The rights to growing crops to be harvested after the

lease term:

• Chattel rights
• Emblement rights
• Reliction rights
• Remainder rights - ANSWER-B) Emblement rights

Which of the following clauses in a conventional mortgage instrument entitles the lender to accelerate the loan if a buyer assumes the loan?

• Prepayment
• Right to sell
• Due-on-sale
• Variable interest rate - ANSWER-C) Due-on-sale

A CORRECT statement about the Federal National

Mortgage Association (FNMA) is that it:

• Purchases certain mortgages originated by lending 3 / 4

• | P a g e

institutions

• Insures mortgages through insurance fees paid by

borrowers

• Provides guarantees to lenders on certain mortgages
• Is the nation's central bank designed to provide economic

stability - ANSWER-A) Purchases certain mortgages originated by lending institutions

An Inherent State right, allowing the government to acquire title to the land of an interstate, where no

natural heirs can he found:

• Eminent domain
• Police power
• Statute of limitations
• Escheat - ANSWER-D) Escheat

In a real estate closing the buyer generally pays for the:

• Release of the mortgage
• Recording of a new mortgage
• Preparation of the deed
• / 4