California Real Estate Law

Front 1

After escrow instructions have been signed, the escrow agent may

Back 1

refuse to obey instructions received from the broker

Front 2

If escrow instructions fail to provide for the date of possession, possession will be given

Back 2

at close of escrow

Front 3

An amendment to the escrow instructions requires the agreement of

Back 3

*the buyer and the escrow
*the agent and the escrow
*the buyer, seller, agent and escrow

Front 4

When the signed escrow instructions differ from the purchase agreement

Back 4

the escrow takes precedence

Front 5

Mediating buyer-seller disputes is NOT

Back 5

a duty of an escrow

Front 6

A real estate broker, not licensed as an escrow can conduct an escrow when the broker is

Back 6

*a representative of the seller
*a representative of the buyer
*a principal to the transaction

Front 7

Accepting escrow instructions with blanks to be filled in by the escrow after the instructions are signed

Back 7

would be an improper action taken by escrow

Front 8

A broker while not licensed as an escrow, conducting escrows on the broker's sales can

Back 8

charge for escrow services

Front 9

A broker's order to terminate would NOT

Back 9

terminate escrow

Front 10

When both buyer and seller make demands on escrow for the buyer's deposit after the escrow failed to close, the escrow holder should

Back 10

file an interpleader action

Front 11

Best describes an abstract of title

Back 11

a recorded history of title

Front 12

TRUE OR FALSE: Executors and heirs are protected by the title insurance of the deceased insured

Back 12

TRUE

Front 13

A title insurer will NOT be liable for a loss if

Back 13

the person suffering the loss was not the insured of the insured's estate of heirs

Front 14

The preliminary title report

Back 14

does NOT provide insurance

Front 15

A standard policy of title insurance protects against

Back 15

forgery in the chain of title

Front 16

A standard policy of title insurance does NOT cover

Back 16

rights of parties in possession

Front 17

Extended-coverage homeowner's title insurance adds which element to the coverage of the standard policy?

Back 17

building permit violations

Front 18

Extended-coverage policies of title insurance do NOT generally cover

Back 18

building and zoning violations

Front 19

The rebate law prohibits

Back 19

*escrows from giving rebates to brokers
*title companies form giving rebates to brokers

Front 20

Standard policy of title insurance covers
Pg.466

Back 20

matters of record not specifically excluded from coverage, as well as matters not of record.

Front 21

Examples of Standard Policy Exclusions
Pg. 466

Back 21

*defects deliberately undisclosed to title insurer*mining claims*water rights*reservation in govt patents*zoning*taxes and assessments*encroachments...