Happy Hour 08/23/2024
Quiz
•
Education
•
Professional Development
•
Practice Problem
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Medium
Prescila Calma
Used 4+ times
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65 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the primary purpose of a lien search on a property?
To determine the property's current market value
To check for any legal claims or liens against the property
To verify the property's zoning status
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following types of properties can have liens placed against them?
Residential
Commercial
Industrial
All of the above
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A lien search is typically conducted before which of the following transactions?
Renting a property
Purchasing a property
Landscaping a property
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A utility lien on a property usually indicates:
The property owner has not paid for public services such as water, sewer, or electricity
The property has unpermitted utility connections
The property owner has overpaid utility bills
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is NOT a type of lien that may appear in a lien search?
Mechanic's Lien
Zoning Lien
Judgment Lien
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does it indicate if there are multiple liens against a property?
The property has been well-maintained
There may be financial or legal complications with the property
The property is free of any legal claims
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Who is typically responsible for clearing any existing liens before the sale of a property?
The buyer
The current property owner
The real estate agent
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