Page 1 of 75
NJ TITLE PRODUCER TITLE LATEST FINAL EXAM
2025/2026 WITH REAL QUESTIONS AND CORRECT
ANSWERS | ALREADY GRADED A+
"A" and "B" bought a house as tenants in common. If "A" dies
which of the following statements about ownership of the house is
correct?
A) It automatically becomes tenancy in severalty.
B) It is divided, with B retaining their original interest and the
balance going to A's estate.
C) B holds fee simple ownership to A's share of the property
D) B holds a life estate ownership to A's share of the property
.......ANSWER......B) It is divided, with B retaining their original
interest and the balance going to A's estate.
,Page 2 of 75
The difference between the value of a property and the total
amount of liens against it is known as:
A) A down payment
B) Equity
C) Actual cash value
D)Collateral .......ANSWER......B) Equity
If a husband and wife take title to a property as tenants in
common, they may also have elected to have:
A) Title in severalty
B) Separate life estates
C) The right of survivorship
D) Unequal shares of ownership .......ANSWER......D) Unequal
shares of ownership
,Page 3 of 75
A person who openly, continuously and hostilely occupies
another's land for a period set by a statute may gain title by
means of:
A) Voluntary alienation
B) Accretion
C) Prescription
D) Adverse possession .......ANSWER......D) Adverse possession
Truth-In-Lending Act requires the lender to furnish an applicant
for a real estate loan with a copy of an:
A) Amorization schedule
B) Disclosure statement
C) Deed
D) Financial statement .......ANSWER......B) Disclosure statement
, Page 4 of 75
The seller is responsible for which of the following costs at
closing:
A) The realty transfer tax
B) The title search
C) The Deed recording fee
D) Title insurance .......ANSWER......A) The realty transfer tax
When private property is abandoned the state may acquire title
to that property under the right of :
A) Escheat
B) Eminent domain
C) Police power
D) Taxation .......ANSWER......A) Escheat
The term hypothecation most closely means:
A) Conditional security for debt
NJ TITLE PRODUCER TITLE LATEST FINAL EXAM
2025/2026 WITH REAL QUESTIONS AND CORRECT
ANSWERS | ALREADY GRADED A+
"A" and "B" bought a house as tenants in common. If "A" dies
which of the following statements about ownership of the house is
correct?
A) It automatically becomes tenancy in severalty.
B) It is divided, with B retaining their original interest and the
balance going to A's estate.
C) B holds fee simple ownership to A's share of the property
D) B holds a life estate ownership to A's share of the property
.......ANSWER......B) It is divided, with B retaining their original
interest and the balance going to A's estate.
,Page 2 of 75
The difference between the value of a property and the total
amount of liens against it is known as:
A) A down payment
B) Equity
C) Actual cash value
D)Collateral .......ANSWER......B) Equity
If a husband and wife take title to a property as tenants in
common, they may also have elected to have:
A) Title in severalty
B) Separate life estates
C) The right of survivorship
D) Unequal shares of ownership .......ANSWER......D) Unequal
shares of ownership
,Page 3 of 75
A person who openly, continuously and hostilely occupies
another's land for a period set by a statute may gain title by
means of:
A) Voluntary alienation
B) Accretion
C) Prescription
D) Adverse possession .......ANSWER......D) Adverse possession
Truth-In-Lending Act requires the lender to furnish an applicant
for a real estate loan with a copy of an:
A) Amorization schedule
B) Disclosure statement
C) Deed
D) Financial statement .......ANSWER......B) Disclosure statement
, Page 4 of 75
The seller is responsible for which of the following costs at
closing:
A) The realty transfer tax
B) The title search
C) The Deed recording fee
D) Title insurance .......ANSWER......A) The realty transfer tax
When private property is abandoned the state may acquire title
to that property under the right of :
A) Escheat
B) Eminent domain
C) Police power
D) Taxation .......ANSWER......A) Escheat
The term hypothecation most closely means:
A) Conditional security for debt
