Oklahoma Escrow & Title
Practice Questions & Answers (2026)
Escrow, title, and closing questions on the Oklahoma exam test how real estate transactions are closed, how title is transferred, and what happens at settlement. Oklahoma uses title companies or settlement agents to handle closings, and candidates must understand the closing process, settlement statement, and title insurance requirements under Oklahoma 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 Oklahoma practice.
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Oklahoma Escrow & Title — Practice Questions & Answers
110 questions on Escrow & Title from the Oklahoma real estate question bank. First 10 are free — sign up to unlock all 110.
Q1. Which type of title insurance policy protects the lender's interest in a property?
Explanation
A lender's (mortgagee's) title insurance policy protects the lender's interest up to the loan amount. Most lenders require this as a condition of the loan. The owner's policy separately protects the buyer's equity interest.
Q2. A general warranty deed provides the grantee with which covenants?
Explanation
A general warranty deed provides the broadest protection to the buyer, including the covenants of seisin (grantor owns and has the right to convey), quiet enjoyment, further assurance, warranty forever (defends title against all claims), and against encumbrances.
Q3. In Oklahoma, a title search typically examines public records going back how far?
Explanation
A thorough title search in Oklahoma typically traces the chain of title back 40–60 years or to a good root of title. Oklahoma's Marketable Record Title Act can help limit search requirements under certain circumstances.
Q4. RESPA (Real Estate Settlement Procedures Act) prohibits:
Explanation
RESPA prohibits kickbacks, fee-splitting, and referral fees among settlement service providers (lenders, title companies, attorneys, etc.) unless they are for actual services rendered. Section 8 of RESPA is the anti-kickback provision.
Q5. A lis pendens recorded against a property means:
Explanation
A lis pendens ('suit pending') is a recorded notice that a lawsuit has been filed that may affect title to a specific property. It warns prospective buyers and lenders that the property's title may be subject to the outcome of litigation.
Q6. A special warranty deed differs from a general warranty deed in that a special warranty deed:
Explanation
A special warranty deed only warrants title against defects or claims that arose during the grantor's period of ownership. It does not protect against title problems that existed before the grantor acquired the property.
Q7. In Oklahoma, the recording of a deed in the county where the property is located:
Explanation
Recording a deed in Oklahoma provides constructive notice to the world of the grantee's interest. It does not create the ownership (delivery and acceptance do), but recording protects against subsequent claims and establishes priority.
Q8. A quitclaim deed provides which of the following warranties?
Explanation
A quitclaim deed contains no warranties. It simply conveys whatever interest the grantor has, if any. It is often used to clear title defects, transfer property between family members, or remove a cloud on title.
Q9. The Closing Disclosure required by TRID must be provided to the buyer at least how many business days before closing?
Explanation
TRID requires that the Closing Disclosure be provided to the buyer at least 3 business days before the scheduled consummation (closing) of the loan. This gives the borrower time to review final loan terms and costs.
Q10. Which of the following is typically a seller's expense at closing in Oklahoma?
Explanation
Sellers in Oklahoma typically pay off any existing mortgages, liens, or encumbrances at closing from sale proceeds. Other typical seller expenses include the listing agent's commission and any agreed-upon concessions.
Q11. Proration at closing means:
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