An opinion given by an attorney as to the marketability of the title to a parcel of real property is a(n):
a. Title insurance policy
b. Abstract of title
c. Chain of title
d. Opinion of title
Q. 2The ownership history of a parcel of real property, showing the grantors and grantees who owned the property over a period of time is a:
a. Grantor-grantee index
b. Grantor-grantee database
c. Chain of title
d. Title index
Q. 3A defect or potential defect in the owner's title to a piece of land arising from some claim or encumbrance such as a lien, easement, or court order is a:
a. Grantor's cloud
b. Chain of title
c. Cloud on title
d. None of the above
Q. 4Many title insurance companies require that the title searcher review the chain of title for a specified period of time, usually 30 to 40 years.:
a. True
b. False
Q. 5A declarant is the person who is testifying to a hearsay statement.
Indicate whether the statement is true or false
Q. 6The first step in a title search is to:
a. Check relevant files at the clerk of court's office
b. Clearly identify the entire property to be conveyed
c. Determine the exact names of the buyer(s)
d. Review relevant files in the estates division
Q. 7This is used to is to determine if the seller is, in fact, the owner, and has the right to transfer the property being sold, and to discover any encumbrances of record on the property:
a. Official records search
b. Register of deeds search
c. Clerk of court's search
d. Title search
Q. 8A simulation generally needs the same sort of evidentiary foundation as any other expert testimony.
Indicate whether the statement is true or false
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