MD TITLE INSURANCE PRODUCER LICENSE
COMPLETE REVIEW 2026 QUESTIONS
WITH SOLUTIONS GRADED A+
◉Certificate of Title. Answer: affirms and certifies the status of the
property through the date that the certificate is issued. may be
prepared by a title company, a title abstractor or title attorney.
◉Recording/Race Notice. Answer: Maryland is a race-notice state.
This means that the first in time to record has superiority over other
recordings.
◉Recording. Answer: The greatest protection against any claims to
property is to record. Recording protects grantees against a party
that may have actual notice and it gives constructive notice to the
world that the purchaser or grantee has an interest in property.
◉The insured closing letter (ICL) or insured closing protection letter
(ICPL). Answer: issued by the underwriter (via the title company) to
a
lender at the time that a title commitment is issued.
,◉Deed of Trust. Answer: three-party instrument executed by a
borrower
(mortgagor) to a trustee on behalf of the lender (mortgagee) to
secure the repayment of a debt or for performance of conditions.
◉Mortgages. Answer: two-party instrument and it is generally not
accompanied by a note. In all but a few states, a mortgage creates a
lien on the title to the mortgaged property.
◉Land contract. Answer: A contract used in a sale of real property
whereby the seller retains title to the property until all or a
prescribed part of the purchase price has been paid. Also, commonly
called a conditional sales contract, installment sales contract or real
property sales contract.
◉Tenants In Common. Answer: two or more people own an
undivided interest
in property. The interest is not necessarily an equal ownership
between or among the owners.
(Shares Can Be Unequal; Probate required)
◉Joint Tenancy. Answer: two or more people or entities have an
equal interest
in property. If one party dies, by operation of law, the surviving party
becomes the owner of the property.
, (Equal Undivided Rights, Right of Survivorship; Probate not
required)
◉Tenants by the Entirety. Answer: type of joint tenancy of property
that provides extra protections for married persons.
◉Fee simple. Answer: is an estate in land that constitutes the
highest form of
ownership in land. It represents an ownership in property with the
right of unconditional and full power of disposition during the
owner's lifetime.
◉Leasehold Estate. Answer: (Ground Rent Applies - Redeem From
SDAT)
is one in which ground rent is established on a lot and
the improvements on it. Ground
◉A life estate. Answer: is an interest created for the term of a
person's life. The
interest ends at death then goes to a remainderman by operation of
law.
◉The Real Estate Settlement Procedures Act (RESPA). Answer: ) is a
consumer protection statute, first passed in 1974. It requires that
COMPLETE REVIEW 2026 QUESTIONS
WITH SOLUTIONS GRADED A+
◉Certificate of Title. Answer: affirms and certifies the status of the
property through the date that the certificate is issued. may be
prepared by a title company, a title abstractor or title attorney.
◉Recording/Race Notice. Answer: Maryland is a race-notice state.
This means that the first in time to record has superiority over other
recordings.
◉Recording. Answer: The greatest protection against any claims to
property is to record. Recording protects grantees against a party
that may have actual notice and it gives constructive notice to the
world that the purchaser or grantee has an interest in property.
◉The insured closing letter (ICL) or insured closing protection letter
(ICPL). Answer: issued by the underwriter (via the title company) to
a
lender at the time that a title commitment is issued.
,◉Deed of Trust. Answer: three-party instrument executed by a
borrower
(mortgagor) to a trustee on behalf of the lender (mortgagee) to
secure the repayment of a debt or for performance of conditions.
◉Mortgages. Answer: two-party instrument and it is generally not
accompanied by a note. In all but a few states, a mortgage creates a
lien on the title to the mortgaged property.
◉Land contract. Answer: A contract used in a sale of real property
whereby the seller retains title to the property until all or a
prescribed part of the purchase price has been paid. Also, commonly
called a conditional sales contract, installment sales contract or real
property sales contract.
◉Tenants In Common. Answer: two or more people own an
undivided interest
in property. The interest is not necessarily an equal ownership
between or among the owners.
(Shares Can Be Unequal; Probate required)
◉Joint Tenancy. Answer: two or more people or entities have an
equal interest
in property. If one party dies, by operation of law, the surviving party
becomes the owner of the property.
, (Equal Undivided Rights, Right of Survivorship; Probate not
required)
◉Tenants by the Entirety. Answer: type of joint tenancy of property
that provides extra protections for married persons.
◉Fee simple. Answer: is an estate in land that constitutes the
highest form of
ownership in land. It represents an ownership in property with the
right of unconditional and full power of disposition during the
owner's lifetime.
◉Leasehold Estate. Answer: (Ground Rent Applies - Redeem From
SDAT)
is one in which ground rent is established on a lot and
the improvements on it. Ground
◉A life estate. Answer: is an interest created for the term of a
person's life. The
interest ends at death then goes to a remainderman by operation of
law.
◉The Real Estate Settlement Procedures Act (RESPA). Answer: ) is a
consumer protection statute, first passed in 1974. It requires that
