ASREB A-4 quiz Questions and
Answers 100% Pass
A blanket mortgage: - ✔✔Usually has a release clause and covers more than one parcel
of real estate
Types of a real estate mortgages: - ✔✔-Deed of trust
-VA Mortgage
-conventional mortgage
"Lis pendens" is: - ✔✔A notice of pending court action
An attachment is: - ✔✔A lien created for a specific purpose. It prevents the owner from
conveying marketable title and its execution and attachment are authorized by court
A mechanics lien, once filed is a valid lien on the subject property for how long? - ✔✔6
months
Work on a new dwelling was started on July 1. On Aug 1, the builder placed a
mortgage on record. On Sept. 1, work was completed and on Oct. 25, the general
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 1
, contractor, not having been paid, files a mechanics lien. Said lien has an effective date as
of: - ✔✔July 1st
This best describes a second mortgage: - ✔✔A junior lien on real estate
The act of extinguishing a debt by regular payments is: - ✔✔Amortization
What Clause in a mortgage or trust deed calls for lenders action when the lenders
claims have been nullified? - ✔✔Defeasance clause
Payments on a Deed Of Trust are due to the: - ✔✔Beneficiary
A defeasance clause is a mortgage for the protection of the: - ✔✔Borrower
This is a borrowing instrument that permits additional sums of money to be loaned by
the same security device: - ✔✔Open end note and mortgage
This is a security instrument in a real estate transaction: - ✔✔Trust deed
When a title holder is in default and a court is asked to enforce the lenders lien, the
action is called: - ✔✔Foreclosure
Who places deed restrictions on real estate? - ✔✔Grantor
The primary difference in buying property subject to the mortgage instead of
assumption of the mortgage is in: - ✔✔The obligation of the vendee
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 2
Answers 100% Pass
A blanket mortgage: - ✔✔Usually has a release clause and covers more than one parcel
of real estate
Types of a real estate mortgages: - ✔✔-Deed of trust
-VA Mortgage
-conventional mortgage
"Lis pendens" is: - ✔✔A notice of pending court action
An attachment is: - ✔✔A lien created for a specific purpose. It prevents the owner from
conveying marketable title and its execution and attachment are authorized by court
A mechanics lien, once filed is a valid lien on the subject property for how long? - ✔✔6
months
Work on a new dwelling was started on July 1. On Aug 1, the builder placed a
mortgage on record. On Sept. 1, work was completed and on Oct. 25, the general
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 1
, contractor, not having been paid, files a mechanics lien. Said lien has an effective date as
of: - ✔✔July 1st
This best describes a second mortgage: - ✔✔A junior lien on real estate
The act of extinguishing a debt by regular payments is: - ✔✔Amortization
What Clause in a mortgage or trust deed calls for lenders action when the lenders
claims have been nullified? - ✔✔Defeasance clause
Payments on a Deed Of Trust are due to the: - ✔✔Beneficiary
A defeasance clause is a mortgage for the protection of the: - ✔✔Borrower
This is a borrowing instrument that permits additional sums of money to be loaned by
the same security device: - ✔✔Open end note and mortgage
This is a security instrument in a real estate transaction: - ✔✔Trust deed
When a title holder is in default and a court is asked to enforce the lenders lien, the
action is called: - ✔✔Foreclosure
Who places deed restrictions on real estate? - ✔✔Grantor
The primary difference in buying property subject to the mortgage instead of
assumption of the mortgage is in: - ✔✔The obligation of the vendee
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 2
