Nv Base Forward Procedure Q2 2010

15 Questions

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Base Quizzes & Trivia

What type of base to consider and other steps needed going forward


Questions and Answers
  • 1. 
    What is a valid base?
    • A. 

      Full search

    • B. 

      Half search

    • C. 

      Fourth search

    • D. 

      No search

    • E. 

      None of the above

  • 2. 
    If you have any type of base that contains the following exceptions:  "Any easements and/or Covenants that are of poublic record or covenants, conditions, restrictions and/or eaements, if any, affecting title, which may appear in the public record"....do you use this base?
    • A. 

      Yes

    • B. 

      No

  • 3. 
    If you have a comparable base for a condominium property can you use this as a base?
    • A. 

      Yes

    • B. 

      No

  • 4. 
    Trustee's Sale Guarantee Bases should never be used as a base.
    • A. 

      True

    • B. 

      False

  • 5. 
    Use of a Lender's Policy is preferred over the use of a Owner's Policy if both were completed simultaneously.
    • A. 

      True

    • B. 

      False

  • 6. 
    You are encouraged to use a Supplemental Report as a base.
    • A. 

      True

    • B. 

      False

  • 7. 
    A and R searches must be done on all Deeds of Trust and Financing Statements and Mechanic's Liens and Leases and Offsite Improvement Agreements shown as exceptions.
    • A. 

      True

    • B. 

      False

  • 8. 
    You must specifically address the issue of access in every file.  You must refer to the Parcel 2 easement procedure.
    • A. 

      True

    • B. 

      False

  • 9. 
    You don't have to review the requirements for the transaction code.
    • A. 

      True

    • B. 

      False

  • 10. 
    You may use the vesting as shown on the direct base if it is current vesting and covers 100% interest and it has been proofed for errors.
    • A. 

      True

    • B. 

      False

  • 11. 
    Vestings deeds do not need to be scanned in the doc repo.
    • A. 

      True

    • B. 

      False

  • 12. 
    Any exceptions referring to "temporary" easements must not be pulled to determine if time frame has expired...we just carry them forward.
    • A. 

      True

    • B. 

      False

  • 13. 
    All CCR's must be looked at in the chain prior to the base and after.
    • A. 

      True

    • B. 

      False

  • 14. 
    Show all Survey matters on a Foreign Base or a First American Base.
    • A. 

      True

    • B. 

      False

  • 15. 
    Review Vesting Deed for disclosure of schedule B items without specific recording information.  Show items in schedule B using the Vesting Deed recording information.
    • A. 

      True

    • B. 

      False