Judgment lien - Study guides, Class notes & Summaries

WA FUNDAMENTALS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. Which of the following is most likely to be considered a fixture? A. Draperies B. lamp C. Plumbing D. Washing Machine - -C. Plumbing A life estate will last until: A. Economic conditions render it unfeasible B. The death of the grantor C. the death of the recipient D. the recipient moves out - -C. the death of the recipient The deed that states that there is A. Grant Deed B. Bargain and sale deed C. Quit...

Colorado Car Sales Exam Questions With Correct Answers and Rationales Latest Updated 2024 (GRADED A+) The advertise price of a motor vehicle must include: Answer- Finance Charge Advertisement of rate of finance charge. If an advertisement states a rate of finance charge, it shall state the rate as an "annual percentage rate," using that term. If the annual percentage rate may be increased after consummation, the advertisement shall state that fact. If an advertisement is for credit not se...

MA Real Estate Exam study guide. Notes have been taking directly from book and other recourses. 2024 Types of Property: Personal property -Answer-Refers to land/things that are moveable& tangible. furniture, tv, swings, artificial plants Types of Property: Real property -Answer-Refers to land/things that are permanently attached. plants, building tree, ground minerals Land Characteristics: Physical, Immobility -Answer-Land cannot be moved Land Characteristics: Physical, Indestructibility...

What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction Wesley just bought a house with...

According to the Truth-in-Lending Act, a variation up to what amount is permitted for the annual percentage rate in a regular fixed-rate mortgage transaction as quoted in the Loan Estimate? 1% .5% .125% .25% - Answer-.125% The term "subordination" refers to: The process of releasing a lien The process of recording a lien The process of one lienholder accepting inferior lien priority in favor of another The process of researching a lien - Answer-The process of one lienholder accepting...

A lien is an example of a/an...? - Encumbrance - Entitlement - Estoppel - Escheatment Encumbrance If a property has both a tax lien and a mortgage lien against it, which lien has priority (generally speaking)? - Tax lien - Mortgage lien - They have equal priority - Whichever lien was filed first Tax lien A lien that is not tied to a specific piece of real estate is called a...? - General lien - Non-specific lien - Statutory lien - Tax lien General lien T...

Texas Real Estate Exam (National) Latest Update Graded A+ real property the tangible real estate and intangible rights associated with the ownership of real estate -transfers by deed or will personal property a right or interest in things of a temporary or movable nature; anything not classed as real property (chattel, personalty) -transfers by a bill of state fixture personal property that has been attached in such a way as to make it real property -"installed" often indicate...

A Notary who refrains from performing a duty, which is imposed by law or inherent in the nature of his/her office, may be guilty of? a. A felony b. Criminal Contempt c. A Tort d. A Misdemeanor - ANSWER-d. A Misdemeanor A copy of a public record signed and certified as true copy by the public official having custody of the original is known a(n): a. Affirmation b. Authentication c. Certified Copy d. Acknowledgment - ANSWER-c. Certified Copy To grant the right of usage in real proper...

Answer: C The writ of execution is a court order instructing the officer of the court to carry out the decision of the court. It is used in a judgment where the sheriff is told to seize a debtor's property so that it can be sold to pay off a debt. CORRECT ANSWER All of the following would be considered an ENCUMBRANCE except: a. unpaid property taxes, b. An easement necessity, c. A writ of execution, d. A judgment Answer: A A construction lien is given as security to those who perfo...

NYS Notary Multiple Choice Test Answered 100% Correctly (Complete, 2024) A Notary who refrains from performing a duty, which is imposed by law or inherent in the nature of his/her office, may be guilty of? a. A felony b. Criminal Contempt c. A Tort d. A Misdemeanor d. A Misdemeanor A copy of a public record signed and certified as true copy by the public official having custody of the original is known a(n): a. Affirmation b. Authentication c. Certified Copy d. Acknowledgment c. ...