easy · National Real Estate Exam
A title examiner finds a 'lis pendens' recorded against a property. This indicates that:
- There is a recorded notice of a pending lawsuit that affects the property's title.
- The property was formally condemned and taken under the government's power of eminent domain.
- A court has already issued a final ruling that the owner does not hold clear title.
- The owner defaulted on property taxes, and the house is now set for a sale.
Sign up free to see the explanation and track your rank →
More National Real Estate Exam practice
- A broker's employment contract with a seller is officially called the:
- What is the current status of the contract?
- A buyer defaults on a purchase agreement, and the seller chooses to keep the earnest money
- A buyer makes a written offer to a seller. Two days later, before the seller has responded
- A contract for the sale of a property is signed. Before closing, the property is destroyed
- A contract for the sale of real estate that has been signed by both parties is valid, but
- A contract that is valid and binding but allows one party to avoid the agreement because o
- A contract that is valid and enforceable until it is canceled by a party who was a victim