ASREB A-4 EXAM QUESTIONS WITH
COMPLETE SOLUTIONS 2025
, A blanket mortgage: - ANSWERUsually has a release clause, covers more than one
parcel of real estate
Which of the following is not a type of real estate mortgage? - ANSWERChattel
mortgage
"Lis Pendens" is: - ANSWERA notice of pending court action
The following statements are true EXCEPT: - ANSWERAn attachment and a judgment
are the same in every respect
A mechanic's lien, once filed, is a valid lien on the subject property for how long? -
ANSWER6 months
Work on a new dwelling was started on July 1. On August 1, the builder placed on
record a mortgage. On September 1, work was completed and on October 25, the
general contractor, not having been paid, files a mechanic's lien. Said lien has an
effective date as of: - ANSWERJuly 1
Of the following, which best describes a second mortgage? - ANSWERA junior lien on
real estate
The act of extinguishing a debt by regular payments is: - ANSWERAmortization
What clause in a mortgage or trust deed calls for lender's action when the lender's
claims have been nullified? - ANSWERDefeasance clause
Payments on a "Deed of Trust" are due the: - ANSWERBeneficiary
A defeasance clause is in a mortgage for the protection of the: - ANSWERBorrower
What is the borrowing instrument that permits additional sums of money to be loaned by
the same security device? - ANSWEROpen end note and mortgage
Which of the following is a security instrument in a real estate transaction? -
ANSWERTrust deed
When the title holder is in default and a court is asked to enforce the lenders lien, the
action is called: - ANSWERForeclosure
Who places deed restrictions on real estate? - ANSWERGrantor
COMPLETE SOLUTIONS 2025
, A blanket mortgage: - ANSWERUsually has a release clause, covers more than one
parcel of real estate
Which of the following is not a type of real estate mortgage? - ANSWERChattel
mortgage
"Lis Pendens" is: - ANSWERA notice of pending court action
The following statements are true EXCEPT: - ANSWERAn attachment and a judgment
are the same in every respect
A mechanic's lien, once filed, is a valid lien on the subject property for how long? -
ANSWER6 months
Work on a new dwelling was started on July 1. On August 1, the builder placed on
record a mortgage. On September 1, work was completed and on October 25, the
general contractor, not having been paid, files a mechanic's lien. Said lien has an
effective date as of: - ANSWERJuly 1
Of the following, which best describes a second mortgage? - ANSWERA junior lien on
real estate
The act of extinguishing a debt by regular payments is: - ANSWERAmortization
What clause in a mortgage or trust deed calls for lender's action when the lender's
claims have been nullified? - ANSWERDefeasance clause
Payments on a "Deed of Trust" are due the: - ANSWERBeneficiary
A defeasance clause is in a mortgage for the protection of the: - ANSWERBorrower
What is the borrowing instrument that permits additional sums of money to be loaned by
the same security device? - ANSWEROpen end note and mortgage
Which of the following is a security instrument in a real estate transaction? -
ANSWERTrust deed
When the title holder is in default and a court is asked to enforce the lenders lien, the
action is called: - ANSWERForeclosure
Who places deed restrictions on real estate? - ANSWERGrantor
