Legal Aspects of Real Estate Chapter 10
UPDATED ACTUAL Exam Questions and
CORRECT Answers
For how long can a California income tax lien be in force?
A maximum of 10 years
A maximum of 30 years
A maximum of 20 years
A maximum of 5 years - CORRECT ANSWER - A maximum of 30 years
What type of lien secures a purchase money mortgage, a seller's loan to a buyer to finance the
sale of property?
A federal lien
An involuntary lien
A vendor's lien
A judgment lien - CORRECT ANSWER - A vendor's lien
What type of lien is also known as a construction lien?
A vendor's lien
A federal lien
A mechanic's lien
An involuntary lien - CORRECT ANSWER - A mechanic's lien
What homestead law term describes the discontinued use of property?
Discarded
Uninhabited
Revoked
Abandoned - CORRECT ANSWER - Abandoned
, Which of the following is NOT a superior lien?
Special Assessment
Federal and State Inheritance Tax
Federal Income Tax
Real Estate Tax - CORRECT ANSWER - Federal Income Tax
A lien is put on a property by
creditors.
owners.
lessees.
sellers. - CORRECT ANSWER - creditors.
What is not one of the four ways a judgment lien can be terminated?
Lien payment
Lien expiration
Discharge by exemption
Discharge by creditor - CORRECT ANSWER - Discharge by exemption
What type of laws protect family members against losing their homes to general creditors
attempting to collect on debts?
Land use laws
Familial laws
Homestead laws
Real estate laws - CORRECT ANSWER - Homestead laws
California law requires a lien filer to be a licensed contractor unless the homeowner knows the
worker was unlicensed and the work performed was less than how much?
UPDATED ACTUAL Exam Questions and
CORRECT Answers
For how long can a California income tax lien be in force?
A maximum of 10 years
A maximum of 30 years
A maximum of 20 years
A maximum of 5 years - CORRECT ANSWER - A maximum of 30 years
What type of lien secures a purchase money mortgage, a seller's loan to a buyer to finance the
sale of property?
A federal lien
An involuntary lien
A vendor's lien
A judgment lien - CORRECT ANSWER - A vendor's lien
What type of lien is also known as a construction lien?
A vendor's lien
A federal lien
A mechanic's lien
An involuntary lien - CORRECT ANSWER - A mechanic's lien
What homestead law term describes the discontinued use of property?
Discarded
Uninhabited
Revoked
Abandoned - CORRECT ANSWER - Abandoned
, Which of the following is NOT a superior lien?
Special Assessment
Federal and State Inheritance Tax
Federal Income Tax
Real Estate Tax - CORRECT ANSWER - Federal Income Tax
A lien is put on a property by
creditors.
owners.
lessees.
sellers. - CORRECT ANSWER - creditors.
What is not one of the four ways a judgment lien can be terminated?
Lien payment
Lien expiration
Discharge by exemption
Discharge by creditor - CORRECT ANSWER - Discharge by exemption
What type of laws protect family members against losing their homes to general creditors
attempting to collect on debts?
Land use laws
Familial laws
Homestead laws
Real estate laws - CORRECT ANSWER - Homestead laws
California law requires a lien filer to be a licensed contractor unless the homeowner knows the
worker was unlicensed and the work performed was less than how much?
