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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Insurance Industry Overview | - Fundamentals of Insurance Principles
|
| Topic 2: Real Estate and Settlement Procedures | - Legal Concepts
|
| Topic 3: Ethics and Professional Conduct | - Fiduciary Responsibilities
|
| Topic 4: Title Insurance Principles | - Title Insurance Policies
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
The term used in the Real Estate Settlement Procedure Act (RESPA), that describes a situation in which a person must use a particular provider for settlement services in order to have access to some distinct service or property, is known as
- A. anti-kickback.
- B. bundled services.
- C. tied benefits.
- D. required use.
Correct Answer: D 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
A purchaser on a real estate contract has what interest in the subject property?
- A. purchaser's interest
- B. equitable interest
- C. vendee's interest
- D. fee simple interest
Correct Answer: B 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
A statement included on a title commitment such as "record warranty deed from the owner shown in Schedule A vesting title in the proposed insured" is an example of a
- A. condition.
- B. post policy event.
- C. standard exception.
- D. requirement.
Correct Answer: D 🗳️
The commissioner may refuse to issue a license if the applicant
- A. is not a resident of Pennsylvania.
- B. has allowed an insurance license to lapse.
- C. provided incorrect information on licensing application.
- D. is 20-years of age.
Correct Answer: C 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
The process by which a mortgage is enforced against real estate is called a
- A. sheriff's sale.
- B. forfeiture.
- C. non-judicial foreclosure.
- D. trustee sale.
Correct Answer: A 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
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