The CE Shop » Sales License » 45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021

Question #1

At the start of the escrow process, the escrow agent delivers the ______ from the title insurance company to the buyer for review.

A. Title insurance policy

B. Deed

C. Escrow instructions

D. Preliminary report

Question #2

Shelly is an escrow agent in a transaction in which Bill is buying Jose’s property. Who does Shelly represent?

A. Jose only

B. Bill and Jose

C. Bill only

D. Neither Bill nor Jose

Question #3

Which of the following is a responsibility of an escrow agent?

A. Disbursement of instruments of title, according to the buyer's wishes

B. Disbursement of funds, according to the seller's wishes

C. Proper recordkeeping

D. Provide the parties with sound legal advice

Question #4

As which type of property ownership has a buyer vested his title if he is the only owner of the property?

A. Estate in severalty

B. Tenancy in common

C. Community property

D. Joint tenancy