ASREB A4 Exam Questions and
Answers 100% Pass
Which of the following is not a type of real estate mortgage? - ✔✔chattel mortgage
A defeasance clause is in a mortgage for the protection of the: - ✔✔borrower
A monetary judgment by the court is: - ✔✔An involuntary lien on the personalty and
realty of the subject debtor
An estoppel certificate primarily benefits: - ✔✔the investor who purchases the note and
the mortgage
In states allowing a trust deed, which of the following is not true? - ✔✔A trust deed
conveys legal title to the trustor
When a loan is secured by a mortgage, who holds the mortgage? - ✔✔mortgagee
The Chattel Security Agreement: - ✔✔Creates the lien on the personal property
Which of the following would NOT be involved in a Deed of Trust? - ✔✔vendor
Which of the following could NOT be part of a Deed of Trust? - ✔✔statutory forfeiture
period
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, What accompanies a deed of trust? - ✔✔note
An open-end loan would do which of the following? - ✔✔Allow for sums of money to
be loaned as a project progresses
When the trust deed has been paid in full, the defeasance clause states that the full deed
of reconveyance be issued by the: - ✔✔trustee
When a loan is called all due and payable the loan has a(n): - ✔✔alienation clause
A graduated payment loan would: - ✔✔increase in principal amount
If a lender is doing business in a lien theory state, which of the following is true? -
✔✔legal title is held by mortgagor
A defeasance clause would be found in a: - ✔✔mortgage
A due on sale clause is a(n): - ✔✔non-assumability clause
A UCC would be used in a transaction that contained: - ✔✔personal property
If a subordination clause is in a mortgage or deed of trust, this would benefit which of
the following parties? - ✔✔trustor/mortgagor
You buy land with a mortgage and hope to build a house. What clause would apply
regarding a future construction loan? - ✔✔subordination
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Answers 100% Pass
Which of the following is not a type of real estate mortgage? - ✔✔chattel mortgage
A defeasance clause is in a mortgage for the protection of the: - ✔✔borrower
A monetary judgment by the court is: - ✔✔An involuntary lien on the personalty and
realty of the subject debtor
An estoppel certificate primarily benefits: - ✔✔the investor who purchases the note and
the mortgage
In states allowing a trust deed, which of the following is not true? - ✔✔A trust deed
conveys legal title to the trustor
When a loan is secured by a mortgage, who holds the mortgage? - ✔✔mortgagee
The Chattel Security Agreement: - ✔✔Creates the lien on the personal property
Which of the following would NOT be involved in a Deed of Trust? - ✔✔vendor
Which of the following could NOT be part of a Deed of Trust? - ✔✔statutory forfeiture
period
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 1
, What accompanies a deed of trust? - ✔✔note
An open-end loan would do which of the following? - ✔✔Allow for sums of money to
be loaned as a project progresses
When the trust deed has been paid in full, the defeasance clause states that the full deed
of reconveyance be issued by the: - ✔✔trustee
When a loan is called all due and payable the loan has a(n): - ✔✔alienation clause
A graduated payment loan would: - ✔✔increase in principal amount
If a lender is doing business in a lien theory state, which of the following is true? -
✔✔legal title is held by mortgagor
A defeasance clause would be found in a: - ✔✔mortgage
A due on sale clause is a(n): - ✔✔non-assumability clause
A UCC would be used in a transaction that contained: - ✔✔personal property
If a subordination clause is in a mortgage or deed of trust, this would benefit which of
the following parties? - ✔✔trustor/mortgagor
You buy land with a mortgage and hope to build a house. What clause would apply
regarding a future construction loan? - ✔✔subordination
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