Nj Title Producer Final Exam Questions And Correct
Answers Real Exam With Frequently Tested
Questions And Rationale For Guaranteed Pass
Latest Update 2025.
Which is NOT true of a tax lien sale?
A) Title passes with the sale
B) The lien holder is the lowest interest bidder
C) The municipality may hold the lien
D) The property owner has two years to pay the lien - CORRECT ANSWER A) Title
passes with the sale
Which would be a credit to the purchaser at settlement?
A) The balance of an existing mortgage to be assumed
B) Taxes overpaid by the seller
C) Fuel oil remaining in the tank
D) Unpaid new mortgage - CORRECT ANSWER A) The balance of an existing
mortgage to be assumed
In a condominium apartment project, the BEST term to describe a swimming pool and
laundry room for the use of unite owners is?
A) Common elements
B) Limited common elements
C) Fee simple elements
D) Leasehold elements - CORRECT ANSWER A) Common elements
When homeowners itemize deductions in computing their annual taxable income they
may deduct:
A) Payments of principal on the home mortgage
B) Interest paid on the home mortgage
C) Depreciation of the home
D) Cost of repair - CORRECT ANSWER B) Interest paid on the home mortgage
Dual Agency is best described as:
A) Two companies working together
B) Owing special duties to another person
C) Brokers taking both parties as principals
D) None of the above - CORRECT ANSWER C) Brokers taking both parties as principals
The use of a property that was lawful at the time of enactment but is now in violation of a
zoning regulation is an example of?
A) Non conforming use
B) Exclusionary zoning
C) Variance
,Nj Title Producer Final Exam Questions And Correct
Answers Real Exam With Frequently Tested
Questions And Rationale For Guaranteed Pass
Latest Update 2025.
D) Spot Zoning - CORRECT ANSWER A) Non conforming use
R.E.S.P.A (Real Estate Settlement Producers Act) requires:
A) Full disclosure of finance costs
B) Estimated closing costs from a lender
C) Revealing the true interest rate
D) A complete mortgage pay back statement - CORRECT ANSWER B) Estimated
closing costs from a lender
The act of recovering title to property lost through foreclosure on a mortgage is called:
A) Redemption
B) Reclamation
C) Restitution
D) Reparation - CORRECT ANSWER A) Redemption
Tenancy in Common would indicate:
A) The right of survivorship
B) The right of Joint Possession
C) The right of devise
D) Equal shares of ownership - CORRECT ANSWER C) The right of devise
A clause in the deed or mortgage which would indicate the interest transferred or mortgaged:
A) Covenant of seisin
B) Habendum
C) Granting clause
D) Acceleration clause - CORRECT ANSWER B) Habendum
Which credit terms may be included in an advertisement for real estate without further
disclosure?
A) 10% annual percentage rate
B) 5 years to repay
C) $5,00 down payment
D) $300 monthly payment - CORRECT ANSWER A) 10% annual percentage rate
Failure of homeowners to pay for labor to repair their homes may result in a :
A) Mechanic's lien/construction lien
B) General lien
C) Bankers lien
D) None of the above - CORRECT ANSWER A) Mechanic's lien/construction lien
The recording of a deed or other instrument in the public records:
A) Constructive notice
B) Acknowledgment
C) Actual notice
D) Hypothecation - CORRECT ANSWER A) Constructive notice
,Nj Title Producer Final Exam Questions And Correct
Answers Real Exam With Frequently Tested
Questions And Rationale For Guaranteed Pass
Latest Update 2025.
In a property transfer, the signature of the grantor's spouse would waive:
A) The spouse's right to any proceeds
B) Dower or courtesy right
C) The grantee's right to a fee estate
D) The grantee's right to any warranty - CORRECT ANSWER B) Dower or courtesy right
The right of ingress and egress over the land of another is classified as an:
A) Servant tenement
B) Easement
C) Encroachment
D) Equitable lien - CORRECT 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?
A) Cooperative ownership
B) Condominium ownership
C) Interval ownership
D) Joint possession - CORRECT ANSWER C) Interval ownership
The rights to growing crops to be harvested after
the lease term:
A) Chattel rights
B) Emblement rights
C) Reliction rights
D) Remainder rights - CORRECT 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?
A) Prepayment
B) Right to sell
C) Due-on-sale
D) Variable interest rate - CORRECT ANSWER C) Due-on-sale
A CORRECT statement about the Federal
National Mortgage Association (FNMA) is that it:
A) Purchases certain mortgages originated by
lending institutions
B) Insures mortgages through insurance fees
paid by borrowers
C) Provides guarantees to lenders on certain mortgages
D) Is the nation's central bank designed to provide economic stability - CORRECT ANSWER
A) Purchases certain mortgages originated by lending institutions
, Nj Title Producer Final Exam Questions And Correct
Answers Real Exam With Frequently Tested
Questions And Rationale For Guaranteed Pass
Latest Update 2025.
An Inherent State right, allowing the government
to acquire title to the land of an interstate, where
no
Answers Real Exam With Frequently Tested
Questions And Rationale For Guaranteed Pass
Latest Update 2025.
Which is NOT true of a tax lien sale?
A) Title passes with the sale
B) The lien holder is the lowest interest bidder
C) The municipality may hold the lien
D) The property owner has two years to pay the lien - CORRECT ANSWER A) Title
passes with the sale
Which would be a credit to the purchaser at settlement?
A) The balance of an existing mortgage to be assumed
B) Taxes overpaid by the seller
C) Fuel oil remaining in the tank
D) Unpaid new mortgage - CORRECT ANSWER A) The balance of an existing
mortgage to be assumed
In a condominium apartment project, the BEST term to describe a swimming pool and
laundry room for the use of unite owners is?
A) Common elements
B) Limited common elements
C) Fee simple elements
D) Leasehold elements - CORRECT ANSWER A) Common elements
When homeowners itemize deductions in computing their annual taxable income they
may deduct:
A) Payments of principal on the home mortgage
B) Interest paid on the home mortgage
C) Depreciation of the home
D) Cost of repair - CORRECT ANSWER B) Interest paid on the home mortgage
Dual Agency is best described as:
A) Two companies working together
B) Owing special duties to another person
C) Brokers taking both parties as principals
D) None of the above - CORRECT ANSWER C) Brokers taking both parties as principals
The use of a property that was lawful at the time of enactment but is now in violation of a
zoning regulation is an example of?
A) Non conforming use
B) Exclusionary zoning
C) Variance
,Nj Title Producer Final Exam Questions And Correct
Answers Real Exam With Frequently Tested
Questions And Rationale For Guaranteed Pass
Latest Update 2025.
D) Spot Zoning - CORRECT ANSWER A) Non conforming use
R.E.S.P.A (Real Estate Settlement Producers Act) requires:
A) Full disclosure of finance costs
B) Estimated closing costs from a lender
C) Revealing the true interest rate
D) A complete mortgage pay back statement - CORRECT ANSWER B) Estimated
closing costs from a lender
The act of recovering title to property lost through foreclosure on a mortgage is called:
A) Redemption
B) Reclamation
C) Restitution
D) Reparation - CORRECT ANSWER A) Redemption
Tenancy in Common would indicate:
A) The right of survivorship
B) The right of Joint Possession
C) The right of devise
D) Equal shares of ownership - CORRECT ANSWER C) The right of devise
A clause in the deed or mortgage which would indicate the interest transferred or mortgaged:
A) Covenant of seisin
B) Habendum
C) Granting clause
D) Acceleration clause - CORRECT ANSWER B) Habendum
Which credit terms may be included in an advertisement for real estate without further
disclosure?
A) 10% annual percentage rate
B) 5 years to repay
C) $5,00 down payment
D) $300 monthly payment - CORRECT ANSWER A) 10% annual percentage rate
Failure of homeowners to pay for labor to repair their homes may result in a :
A) Mechanic's lien/construction lien
B) General lien
C) Bankers lien
D) None of the above - CORRECT ANSWER A) Mechanic's lien/construction lien
The recording of a deed or other instrument in the public records:
A) Constructive notice
B) Acknowledgment
C) Actual notice
D) Hypothecation - CORRECT ANSWER A) Constructive notice
,Nj Title Producer Final Exam Questions And Correct
Answers Real Exam With Frequently Tested
Questions And Rationale For Guaranteed Pass
Latest Update 2025.
In a property transfer, the signature of the grantor's spouse would waive:
A) The spouse's right to any proceeds
B) Dower or courtesy right
C) The grantee's right to a fee estate
D) The grantee's right to any warranty - CORRECT ANSWER B) Dower or courtesy right
The right of ingress and egress over the land of another is classified as an:
A) Servant tenement
B) Easement
C) Encroachment
D) Equitable lien - CORRECT 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?
A) Cooperative ownership
B) Condominium ownership
C) Interval ownership
D) Joint possession - CORRECT ANSWER C) Interval ownership
The rights to growing crops to be harvested after
the lease term:
A) Chattel rights
B) Emblement rights
C) Reliction rights
D) Remainder rights - CORRECT 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?
A) Prepayment
B) Right to sell
C) Due-on-sale
D) Variable interest rate - CORRECT ANSWER C) Due-on-sale
A CORRECT statement about the Federal
National Mortgage Association (FNMA) is that it:
A) Purchases certain mortgages originated by
lending institutions
B) Insures mortgages through insurance fees
paid by borrowers
C) Provides guarantees to lenders on certain mortgages
D) Is the nation's central bank designed to provide economic stability - CORRECT ANSWER
A) Purchases certain mortgages originated by lending institutions
, Nj Title Producer Final Exam Questions And Correct
Answers Real Exam With Frequently Tested
Questions And Rationale For Guaranteed Pass
Latest Update 2025.
An Inherent State right, allowing the government
to acquire title to the land of an interstate, where
no
