hard · National Real Estate Exam
A buyer purchases a home and later finds out there is an unrecorded $10,000 IRS tax lien against the seller from five years ago.
Which of the following is true in a notice-statute state?
- The lien is automatically void because the property was sold.
- The buyer must pay the lien because all federal liens have superpriority.
- The buyer takes the property subject to the lien because it was an involuntary lien.
- The buyer is protected against the lien because they had no notice and it was unrecorded.
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