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. Escrow instructions

B. Preliminary report

C. Deed

D. Title insurance policy

Question #2

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

A. Neither Bill nor Jose

B. Bill only

C. Jose only

D. Bill and Jose

Question #3

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

A. Provide the parties with sound legal advice

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

C. Proper recordkeeping

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

Question #4

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

A. Tenancy in common

B. Estate in severalty

C. Joint tenancy

D. Community property