Escrow & Title
In New York, the 'actual notice' vs. 'constructive notice' distinction means:
AThey are the same thing
BActual notice is direct, personal knowledge of a fact; constructive notice is knowledge imputed by law because it is in the public record✓ Correct
CConstructive notice only applies in New York City
DActual notice only matters for residential properties
Explanation
Actual notice means a person has direct personal knowledge of a fact (e.g.
People Also Study
Related New York Questions
- In New York, 'actual notice' of a prior interest in real property differs from 'constructive notice' in that:Escrow & Title
- A lis pendens recorded against a property in New York provides notice that:Property Ownership
- In New York, a deed must be recorded to:Property Ownership
- A New York seller's attorney sends the deed to the buyer's attorney at closing. At what point does legal title to the property pass to the buyer?Escrow & Title
- In New York, a 'deed in lieu of foreclosure' means the borrower:Escrow & Title
- In New York, the concept of 'merger of title' (or merger of contract into deed) at closing means that:Contracts
- In New York, which type of deed is most commonly used in arm's-length residential sales?Escrow & Title
Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
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.
Study This Topic
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →