Idaho Practice TestEscrow & Title

Idaho Escrow & Title
Practice Questions & Answers (2026)

Escrow, title, and closing questions on the Idaho exam test how real estate transactions are closed, how title is transferred, and what happens at settlement. Idaho uses title companies or settlement agents to handle closings, and candidates must understand the closing process, settlement statement, and title insurance requirements under Idaho law. Title insurance, title searches, and the difference between standard and extended coverage policies are tested, as are the specific closing costs that are customarily paid by buyers vs. sellers under Idaho practice.

Practice Questions

Idaho Escrow & Title — Practice Questions & Answers

86 questions on Escrow & Title from the Idaho real estate question bank. First 10 are free — sign up to unlock all 86.

Q1. In Idaho, which document transfers ownership of real property from seller to buyer?

A.Mortgage
B.Promissory note
C.Deed
D.Title insurance policy

Explanation

A deed is the legal instrument that transfers ownership (title) of real property from the grantor (seller) to the grantee (buyer). The deed must be properly executed, delivered, and accepted to be effective.

Q2. A title search examines public records to determine:

A.The current market value of the property
B.Whether the property has a valid certificate of occupancy
C.The chain of ownership and any liens or encumbrances on the property
D.The condition of the physical structure

Explanation

A title search reviews public records to trace the chain of title and identify any liens, encumbrances, easements, or other claims on the property. It is typically conducted before closing to ensure the seller can convey clear title.

Q3. A buyer purchases a property and later discovers an undisclosed easement that the title insurance policy did not cover. Which type of title insurance issue is this?

A.A standard covered risk
B.An exception from coverage
C.A general warranty claim
D.A chain of title defect

Explanation

Title insurance policies contain exceptions — specific matters that are excluded from coverage. Easements known before closing that are not disclosed or noted in the policy may be exceptions from coverage, meaning the insurer has no obligation to defend or compensate.

Q4. The RESPA prohibition on kickbacks means that settlement service providers:

A.Cannot charge origination fees
B.Cannot give or receive fees for referring business to one another without services rendered
C.Cannot advertise their services together
D.Cannot own affiliated businesses

Explanation

RESPA Section 8 prohibits giving or receiving referral fees, kickbacks, or anything of value for the referral of settlement service business. Providers can co-market but cannot pay each other solely for referrals.

Q5. A general warranty deed contains which of the following covenants?

A.Covenant of seisin and covenant against encumbrances
B.Covenant of quiet enjoyment and covenant of further assurance
C.Warranty forever and covenant of seisin
D.All of the above covenants

Explanation

A general warranty deed contains several covenants: seisin (grantor has title), right to convey, covenant against encumbrances, quiet enjoyment, warranty forever (grantor will defend title), and further assurance (grantor will do what is needed to correct title).

Q6. The escrow process in a real estate transaction serves to:

A.Provide financing to the buyer
B.Ensure both parties' conditions are met before transferring funds and title
C.Guarantee the property passes a home inspection
D.Determine the final sales price

Explanation

Escrow is a neutral third-party process ensuring that all conditions of the transaction are met before funds and title are transferred. The escrow agent holds documents and funds until all conditions are satisfied.

Q7. Which type of title insurance protects the lender's interest in the property?

A.Owner's policy
B.Lender's (mortgagee's) policy
C.Standard homeowner's policy
D.Extended coverage policy

Explanation

A lender's (mortgagee's) title insurance policy protects the lender against title defects up to the loan amount. It is typically required by lenders and protects the lender's security interest, not the buyer's equity in the property.

Q8. For a deed to be valid, it must contain all of the following EXCEPT:

A.Identification of grantor and grantee
B.Legal description of the property
C.Acknowledgment (notarization) to be valid
D.Words of conveyance (granting clause)

Explanation

Acknowledgment (notarization) is required for recording a deed but is not technically required for the deed to be valid between the parties. Essential elements of a valid deed include: grantor/grantee identification, legal description, words of conveyance, and grantor's signature.

Q9. The priority of liens is generally determined by:

A.The dollar amount of the lien
B.The type of lien (mortgage vs. judgment)
C.The date and time of recording
D.The lender's seniority in the industry

Explanation

Under the 'first in time, first in right' principle, lien priority is generally determined by the date and time of recording. The first lien recorded has priority over subsequently recorded liens. Property tax liens, however, always have super-priority.

Q10. A lis pendens recorded against a property provides notice that:

A.The property has a tax lien
B.There is pending litigation affecting the title to the property
C.The property is in foreclosure
D.The property has an environmental contamination issue

Explanation

A lis pendens (Latin for 'suit pending') is a recorded notice that there is a pending lawsuit that may affect title to the property. It puts prospective buyers and lenders on notice that the title could be affected by the outcome of the litigation.

Q11. A deed of reconveyance is used to:

A.Transfer title from seller to buyer
B.Release the lien on a property when a mortgage or deed of trust is paid in full
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