Oregon Real Estate | Law 3 Exam Questions
and Answers with Verified Solutions | Latest
Updated 2026
A right or interest in real Encumbrance
property held by someone
other than the owner that
removes a stick from the
bundle of rights
An encumbrance that affects Financial encumbrance
title only and typically involves
money or debt
An encumbrance that affects Non-financial encumbrance
both title and physical use of
the property
A financial encumbrance that Lien
is a claim or charge against
property as security for a debt
An encumbrance placed on Voluntary encumbrance
property with the owner's
consent
An encumbrance placed on Involuntary encumbrance
property without the owner's
consent
, An encumbrance that affects General encumbrance
all property owned by a
debtor within a jurisdiction
An encumbrance that affects Specific encumbrance
only one identified parcel of
property
A voluntary, specific lien used Mortgage
as security for repayment of a
promissory note
The borrower in a mortgage Mortgagor
transaction
The lender in a mortgage Mortgagee
transaction
A voluntary, specific lien Trust deed
involving three parties and
allowing nonjudicial
foreclosure
The borrower in a trust deed Trustor (Grantor)
The lender in a trust deed Beneficiary
Neutral third party who holds Trustee
legal title and has power of
sale and reconveyance
and Answers with Verified Solutions | Latest
Updated 2026
A right or interest in real Encumbrance
property held by someone
other than the owner that
removes a stick from the
bundle of rights
An encumbrance that affects Financial encumbrance
title only and typically involves
money or debt
An encumbrance that affects Non-financial encumbrance
both title and physical use of
the property
A financial encumbrance that Lien
is a claim or charge against
property as security for a debt
An encumbrance placed on Voluntary encumbrance
property with the owner's
consent
An encumbrance placed on Involuntary encumbrance
property without the owner's
consent
, An encumbrance that affects General encumbrance
all property owned by a
debtor within a jurisdiction
An encumbrance that affects Specific encumbrance
only one identified parcel of
property
A voluntary, specific lien used Mortgage
as security for repayment of a
promissory note
The borrower in a mortgage Mortgagor
transaction
The lender in a mortgage Mortgagee
transaction
A voluntary, specific lien Trust deed
involving three parties and
allowing nonjudicial
foreclosure
The borrower in a trust deed Trustor (Grantor)
The lender in a trust deed Beneficiary
Neutral third party who holds Trustee
legal title and has power of
sale and reconveyance
