In Alabama, a homeowner who has not paid property taxes for an extended period may have their property sold at a:
Why Tax lien certificate sale or tax deed sale Is Correct
Answer B: Tax lien certificate sale or tax deed sale
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
People Also Study
Related Alabama Questions
- A salesperson earns 55% of the commission paid to their broker. If the broker received $9,750 on a sale, how much does the salesperson earn?Real Estate Math
- Transfer taxes in Alabama are $0.50 per $500 of the sale price. What is the transfer tax on a $275,000 sale?Real Estate Math
- Which of the following is required for an Alabama real estate license to remain active during the license renewal period?Alabama License Law
- An Alabama real estate broker who advertises their own property for sale must include in the advertisement:Alabama License Law
- An Alabama property owner who divides their land into smaller lots for sale must comply with:Property Ownership
- Escheat in Alabama means that when a person dies intestate (without a will) and has no heirs, their property:Property Ownership
- An Alabama property owner who grants a utility company the permanent right to run power lines across their land is granting a(n):Property Ownership
- In Alabama, a sheriff's deed is issued when property is sold to satisfy a:Property Ownership
Key Terms to Know
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
EasementA non-possessory right to use another person's land for a specific purpose.
Study This Topic
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →