Real Estate Salesperson License Exam
Transfer of Title Practice Questions
1 practice questions with detailed explanations — aligned to the Real Estate Salesperson License Exam.
Q1.Which type of title insurance policy protects the lender's interest in the property?
A.Owner's policyB.Mortgagee's policyC.Extended coverage policyD.Homeowner's policyB. Mortgagee's policyExplanation: A mortgagee's (lender's) title insurance policy protects the lender's security interest in the property. It covers the lender up to the outstanding loan balance. An owner's policy protects the buyer's equity interest.
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