Escrow & Title
Actual (actual notice) in real estate means:
AInformation is recorded in the public land records
BThe party has direct knowledge of a fact✓ Correct
CThe property has been inspected by the buyer
DThe seller has disclosed all known defects in writing
Explanation
Actual notice means a party has direct, personal knowledge of a fact — they were actually told or personally discovered the information, as opposed to constructive notice (public records).
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- A title search in Maryland examines public records to determine:Escrow & Title (alternative)
Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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