Wyoming Escrow & Title
Practice Questions & Answers (2026)
Escrow, title, and closing questions on the Wyoming exam test how real estate transactions are closed, how title is transferred, and what happens at settlement. Wyoming uses title companies or settlement agents to handle closings, and candidates must understand the closing process, settlement statement, and title insurance requirements under Wyoming 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 Wyoming practice.
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Wyoming Escrow & Title — Practice Questions & Answers
108 questions on Escrow & Title from the Wyoming real estate question bank. First 10 are free — sign up to unlock all 108.
Q1. In Wyoming, which type of deed provides the greatest protection to the grantee?
Explanation
A general warranty deed provides the greatest protection because the grantor warrants title against all defects throughout the entire chain of title, not just during the grantor's ownership.
Q2. Wyoming uses which type of legal instrument when real property is used as collateral for a loan?
Explanation
Wyoming allows the use of either a deed of trust or a traditional mortgage as the security instrument for real property loans. Deeds of trust are commonly used because they allow non-judicial foreclosure.
Q3. In Wyoming, a title commitment (preliminary title report) issued before closing serves to:
Explanation
A title commitment identifies the current state of title, including existing liens, easements, encumbrances, and conditions the title company requires to be met before issuing a title insurance policy.
Q4. In Wyoming, mineral rights that are severed from a property should be disclosed because:
Explanation
Severed mineral rights are a material fact in Wyoming. If mineral rights were previously conveyed to another party, the surface owner may face mineral development activity on their land. This can significantly affect the property's value and use.
Q5. In Wyoming, RESPA (Real Estate Settlement Procedures Act) applies to:
Explanation
RESPA applies to federally related mortgage loans for 1-4 family residential properties, including most conventional, FHA, and VA loans. It requires disclosure of settlement costs and prohibits kickbacks.
Q6. A Wyoming buyer receives a Closing Disclosure (CD) from the lender. Under TRID rules, the buyer must receive the CD at least:
Explanation
Under the TRID (TILA-RESPA Integrated Disclosure) rule, the buyer must receive the Closing Disclosure at least 3 business days before consummation (closing).
Q7. A Wyoming property is sold and the title search reveals an old judgment lien against the seller. At closing, this lien must be:
Explanation
Judgment liens attach to real property and must be satisfied (paid off) from the sale proceeds at closing before clear title can pass to the buyer. Title companies typically pay these from escrow at closing.
Q8. An owner's title insurance policy in Wyoming protects:
Explanation
An owner's (buyer's) title insurance policy protects the homeowner against financial loss from title defects, liens, or encumbrances that existed prior to the policy date but were not discovered in the title search.
Q9. A Wyoming property has a mechanic's lien filed against it. This lien:
Explanation
A mechanic's lien (for unpaid contractors, subcontractors, or material suppliers) attaches to the real property. It must be paid off or bonded before clear title can be conveyed to a buyer.
Q10. In Wyoming, a lis pendens recorded against a property indicates:
Explanation
A lis pendens ('notice of pending litigation') is a recorded notice that a lawsuit affecting the title to real property is pending. It warns potential buyers and lenders of the dispute.
Q11. A Wyoming buyer's lender requires a lender's title insurance policy. This policy protects:
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