FL TITLE EXAM LATEST
a united states judgment, once filed in the jurisdiction in which the
subject property is located, remains a lien for _____ years and may be
refiled, extending it an additional _____ years. - ANSWERS-20 plus 20
a federal tax lien is good for 10 years plus 30 days from date of
assessment referenced in the lien, with refiling extending the lien for an
additional ____ years. - ANSWERS-10
the maximum lifespan of a standard money judgment lien is _____ years
from the date of entry of the judgment. - ANSWERS-20
in FL a judgment becomes a lien on real property when a/an _____ is
recorded in the official records or judgment lien records of the county in
which the property is situate, provided the judgment contains address of
the person who has a lien as a result of such judgment or a separate
affidavit is recorded simultaneously with the judgment stating the
address of the person who has a lien - ANSWERS-certified copy of the
judgment
the statute of limitations for bringing an action to enforce a construction
lien is ____ years from the date on which the claim of lien was recorded.
- ANSWERS-1
END OF
PAGE
1
, FL TITLE EXAM LATEST
on a construction lien, an owner can shorten the time period for
commencement of action by lienor by: - ANSWERS-filing a notice of
contest of lien
on a construction lien, filing a notice of contest of lien shortens time
period within which to commence an action to enforce the claim of lien
to ____ days. - ANSWERS-60
on a construction lien, an owner can shorten the time period for
commencement of action by lienor. by: - ANSWERS-filing a complaint
for discharge of lien
on a construction lien, filing a complaint for discharge of lien gives the
lienor ______ to show cause why such complaint should not be
enforced. - ANSWERS-20
Encroachments should be shown as a/an ____ on final title policies. -
ANSWERS-Exception
A natural increase of land upon the shore of bank of a river or stream
due to the gradual washing or motion of water and addition of materials
is known as: - ANSWERS-Accretion
END OF
PAGE
2
, FL TITLE EXAM LATEST
Riparian rights are those incident to land bordering upon navigable
waters and include: - ANSWERS-1.rights of ingress and egress
2.bathing rights
3.boating and fishing rights
A mean high water line is: - ANSWERS-the mark on shore to which
high tide rises during normal weather condition
an ordinary high water line is: - ANSWERS-the commonly designated
water mark for non-tidal waters
The Purpose of the Noltice to Purchaser-Mortgagor is to: - ANSWERS-
Tell them the loan policy does not protect them as an owner
Rate the minimum title premium for a $10,000 owner's title policy -
ANSWERS-$100
What is the minimum risk rate premium that can be charged for an
owners policy? - ANSWERS-$100
END OF
PAGE
3
, FL TITLE EXAM LATEST
An owners policy must be issued for a full insurable value of: -
ANSWERS-The premises
What is the minimum risk premium that may be charged for a mortgage
title policy? - ANSWERS-$100
A mortgage title insurance may NOT be issued for less than the: -
ANSWERS-Full principal debt
what is the maximum percentage above the full loan amoun t for which a
mortgagee title policy may be issued, without an additional interest or
shared appreciated endorsement? - ANSWERS-25%
what is the reissue risk premium for a $25,000 owner policy? -
ANSWERS-$100
The minimum risk rate premium for simultaneous issue loan policy shall
be: - ANSWERS-$25
On a simultaneous issue transaction, the risk premium on the amount of
the loan policy in excess of the owners policy shall be figured out at: -
ANSWERS-regular original title insurance rates for mortgage policies
END OF
PAGE
4
a united states judgment, once filed in the jurisdiction in which the
subject property is located, remains a lien for _____ years and may be
refiled, extending it an additional _____ years. - ANSWERS-20 plus 20
a federal tax lien is good for 10 years plus 30 days from date of
assessment referenced in the lien, with refiling extending the lien for an
additional ____ years. - ANSWERS-10
the maximum lifespan of a standard money judgment lien is _____ years
from the date of entry of the judgment. - ANSWERS-20
in FL a judgment becomes a lien on real property when a/an _____ is
recorded in the official records or judgment lien records of the county in
which the property is situate, provided the judgment contains address of
the person who has a lien as a result of such judgment or a separate
affidavit is recorded simultaneously with the judgment stating the
address of the person who has a lien - ANSWERS-certified copy of the
judgment
the statute of limitations for bringing an action to enforce a construction
lien is ____ years from the date on which the claim of lien was recorded.
- ANSWERS-1
END OF
PAGE
1
, FL TITLE EXAM LATEST
on a construction lien, an owner can shorten the time period for
commencement of action by lienor by: - ANSWERS-filing a notice of
contest of lien
on a construction lien, filing a notice of contest of lien shortens time
period within which to commence an action to enforce the claim of lien
to ____ days. - ANSWERS-60
on a construction lien, an owner can shorten the time period for
commencement of action by lienor. by: - ANSWERS-filing a complaint
for discharge of lien
on a construction lien, filing a complaint for discharge of lien gives the
lienor ______ to show cause why such complaint should not be
enforced. - ANSWERS-20
Encroachments should be shown as a/an ____ on final title policies. -
ANSWERS-Exception
A natural increase of land upon the shore of bank of a river or stream
due to the gradual washing or motion of water and addition of materials
is known as: - ANSWERS-Accretion
END OF
PAGE
2
, FL TITLE EXAM LATEST
Riparian rights are those incident to land bordering upon navigable
waters and include: - ANSWERS-1.rights of ingress and egress
2.bathing rights
3.boating and fishing rights
A mean high water line is: - ANSWERS-the mark on shore to which
high tide rises during normal weather condition
an ordinary high water line is: - ANSWERS-the commonly designated
water mark for non-tidal waters
The Purpose of the Noltice to Purchaser-Mortgagor is to: - ANSWERS-
Tell them the loan policy does not protect them as an owner
Rate the minimum title premium for a $10,000 owner's title policy -
ANSWERS-$100
What is the minimum risk rate premium that can be charged for an
owners policy? - ANSWERS-$100
END OF
PAGE
3
, FL TITLE EXAM LATEST
An owners policy must be issued for a full insurable value of: -
ANSWERS-The premises
What is the minimum risk premium that may be charged for a mortgage
title policy? - ANSWERS-$100
A mortgage title insurance may NOT be issued for less than the: -
ANSWERS-Full principal debt
what is the maximum percentage above the full loan amoun t for which a
mortgagee title policy may be issued, without an additional interest or
shared appreciated endorsement? - ANSWERS-25%
what is the reissue risk premium for a $25,000 owner policy? -
ANSWERS-$100
The minimum risk rate premium for simultaneous issue loan policy shall
be: - ANSWERS-$25
On a simultaneous issue transaction, the risk premium on the amount of
the loan policy in excess of the owners policy shall be figured out at: -
ANSWERS-regular original title insurance rates for mortgage policies
END OF
PAGE
4
