AR - TITLE LICENSE EXAM
QUESTIONS & ANSWERS!!
Riparian Water - ANSWERNatural, not man made lakes or streams
By governor/advice from the senat - ANSWERHow is the Arkansas Insurance
Commissioner appointed?
$5,000 - ANSWERWhat is the maximum fine imposed for the first KNOWN rule
violation?
Meridian - ANSWERA set of imaginary lines running N & S that intersect with a
baseline at a specific point.
A section measures ____. - ANSWER1 square mile
How many acres are in the W 1/2, NE 1/4, NW 1/4? - ANSWER20 acres
How many acres are in the SW 1/4, NW 1/4, NE 1/4? - ANSWER10 acres
How many square feet are in 1 acre? - ANSWER43,560 sq. ft.
How many feet in a rod? - ANSWER16.5 ft.
How many feet in a chain? - ANSWER66 ft.
What are the 4 ways to make an easement? - ANSWERExpress grant, implication,
prescriptive, necessity
What is the cost for document stamps? - ANSWER$3.30 / $1k sales price
Estoppel - ANSWERPrevents an argument/claim that contradicts what was
previously agreed to; the loss of a legal defense because of previous actions that are
now inconsistent with that defense
Where does the boundary line end for property that adjoins non-navigable water? -
ANSWERTo the center of the stream
What is the purpose of Schedule A? - ANSWERDescribes the terms of the policy.
Usury - ANSWERInterest in excess of legal rates, charged to a borrower.
Ad Valorem - ANSWERA prefix meaning "based on value". Most local governments
levy an ad valorem tax on property.
, A title producer in an adjoining state wants to write title in AR - how can they? -
ANSWERMust be employed by a resident title agent.
CE hours must be completed... - ANSWEROn, or before, renewal date of license
(which is your birthday)
Accretion - ANSWERGradual deposit of soil, caused by a natural force such as wind
or water; slow growth in size or amount
Testate - ANSWERHaving made and left a valid will.
Probate - ANSWERThe process of proving in court that the will of someone who has
died is valid, and of administering the estate of a dead person; court divides estate
among heirs.
Lis Pendens - ANSWERA pending notice of a lawsuit giving notice of a possible
claim to the property
Note - ANSWERA written promise by one person to pay money to another person
Fee Simple - ANSWERmost complete ownership of land possible
10 sq chains - ANSWER1 acre
1 sq chain = ___ sq rods - ANSWER16 sq rods
1 rod = _____ feet - ANSWER16.5 feet
1 acre = ___ sq chains - ANSWER10 sq chains
640 acres = ___ square miles - ANSWER1 square mile
Township - ANSWER365 sq. mi.
Curtesy - ANSWERHusband's rights in wife's property
Abandonment - ANSWERRelinquishing or giving up with the intention of never again
resume one's right or interest.
Abstract of Title - ANSWERThe condensed history of a title to a particular parcel of
real estate, consisting of a summary of the original grant and all subsequent
conveyances and encumbrances affecting the property and a certification by the
abstractor that the history is complete and accurate.
Acknowledgement - ANSWERLegal verification by a notary public or public official
that a signature on a legal document is authentic and that such document was freely
executed. Also, the verification that makes a documents recordable.
QUESTIONS & ANSWERS!!
Riparian Water - ANSWERNatural, not man made lakes or streams
By governor/advice from the senat - ANSWERHow is the Arkansas Insurance
Commissioner appointed?
$5,000 - ANSWERWhat is the maximum fine imposed for the first KNOWN rule
violation?
Meridian - ANSWERA set of imaginary lines running N & S that intersect with a
baseline at a specific point.
A section measures ____. - ANSWER1 square mile
How many acres are in the W 1/2, NE 1/4, NW 1/4? - ANSWER20 acres
How many acres are in the SW 1/4, NW 1/4, NE 1/4? - ANSWER10 acres
How many square feet are in 1 acre? - ANSWER43,560 sq. ft.
How many feet in a rod? - ANSWER16.5 ft.
How many feet in a chain? - ANSWER66 ft.
What are the 4 ways to make an easement? - ANSWERExpress grant, implication,
prescriptive, necessity
What is the cost for document stamps? - ANSWER$3.30 / $1k sales price
Estoppel - ANSWERPrevents an argument/claim that contradicts what was
previously agreed to; the loss of a legal defense because of previous actions that are
now inconsistent with that defense
Where does the boundary line end for property that adjoins non-navigable water? -
ANSWERTo the center of the stream
What is the purpose of Schedule A? - ANSWERDescribes the terms of the policy.
Usury - ANSWERInterest in excess of legal rates, charged to a borrower.
Ad Valorem - ANSWERA prefix meaning "based on value". Most local governments
levy an ad valorem tax on property.
, A title producer in an adjoining state wants to write title in AR - how can they? -
ANSWERMust be employed by a resident title agent.
CE hours must be completed... - ANSWEROn, or before, renewal date of license
(which is your birthday)
Accretion - ANSWERGradual deposit of soil, caused by a natural force such as wind
or water; slow growth in size or amount
Testate - ANSWERHaving made and left a valid will.
Probate - ANSWERThe process of proving in court that the will of someone who has
died is valid, and of administering the estate of a dead person; court divides estate
among heirs.
Lis Pendens - ANSWERA pending notice of a lawsuit giving notice of a possible
claim to the property
Note - ANSWERA written promise by one person to pay money to another person
Fee Simple - ANSWERmost complete ownership of land possible
10 sq chains - ANSWER1 acre
1 sq chain = ___ sq rods - ANSWER16 sq rods
1 rod = _____ feet - ANSWER16.5 feet
1 acre = ___ sq chains - ANSWER10 sq chains
640 acres = ___ square miles - ANSWER1 square mile
Township - ANSWER365 sq. mi.
Curtesy - ANSWERHusband's rights in wife's property
Abandonment - ANSWERRelinquishing or giving up with the intention of never again
resume one's right or interest.
Abstract of Title - ANSWERThe condensed history of a title to a particular parcel of
real estate, consisting of a summary of the original grant and all subsequent
conveyances and encumbrances affecting the property and a certification by the
abstractor that the history is complete and accurate.
Acknowledgement - ANSWERLegal verification by a notary public or public official
that a signature on a legal document is authentic and that such document was freely
executed. Also, the verification that makes a documents recordable.
