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WALK IN PREPARED AND WALK OUT CONFIDENT

Master Exam Question 2/120 The recording of an instrument gives:

documented notice

actual notice

constructive notice

legal notice
Explanation:

Constructive Notice attaches once a document is recorded. Once recorded,
subsequent buyers will be deemed to have received "Constructive Notice"
regarding the document and its effect on the property in question.

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EQUITY

The interest or value that an owner has in a property, over and above any liens
against it.

FIDUCIARY

A professional responsibility to act truthfully and with good faith when
representing a client.

CLOUD ON TITLE

A defect in title. For example, an unreleased lien or encumbrance that might
impair a title.



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A professional responsibility to act truthfully and with good faith when
representing a client. Fiduciary Equity The interest or value that an owner has
in a property, over and above any liens against it. Cloud on Title A defect in
title. For example, an unreleased lien or encumbrance that might impair a title.


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