Legal Aspects of Real Estate FINAL Exam Questions and Answers



A state tax lien would be junior to the recorded interest of a: - ANSWER-Mortgage or trust deed lender.

Mechanic's lien holder.

Judgment lien creditor.



A void contract is: - ANSWER-no contract at all.



A will only transfers property: - ANSWER-when the owner dies.



ADR stands for: - ANSWER-alternative dispute resolution.



Acceptance of a transfer of ownership must take place: - ANSWER-while the one granting it is alive...
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