Unit 4: Public Recording System Flashcards

1
Q

Who regulates the recording of policies and procedures?

A

State laws

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2
Q

T/F Recordings prove the validity of the document.

A

False. Recordings do not prove the validity of the document.

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3
Q

T/F A deed does not have to be recorded to be valid.

A

True

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4
Q

What is the public provided with when a real estate document is recorded?

A

Constructive notice of the document’s content.

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5
Q

What types of documents are usually recorded?

A

CLEMDD

Deeds, mortgages, deeds of trust, contracts for deed, easements, and long-term leases.

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6
Q

T/F Recorded documents do not need to be signed.

A

False. Recorded documents should be executed (signed).

Most states even require the document to be acknowledged (notarized).

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7
Q

T/F A deed that is not recorded lacks constructive or legal notice of ownership.

A

True.

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8
Q

What is subordination?

A

A clause in a mortgage/deed of trust in which the lender permits a subsequent mortgage to take or change priority.

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