Happy Hour 08/23/2024

Happy Hour 08/23/2024

Professional Development

65 Qs

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Happy Hour 08/23/2024

Happy Hour 08/23/2024

Assessment

Quiz

Education

Professional Development

Practice Problem

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Created by

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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