Property Ownership
Oklahoma's 'race-notice' recording statute means that a subsequent purchaser is protected if they:
ARecord their deed before the prior purchaser and had no notice of the prior purchase✓ Correct
BRecord their deed first regardless of notice
CPurchase with actual notice but record first
DHave actual notice of a prior deed but record second
Explanation
Oklahoma is a race-notice state: a subsequent purchaser of real property has priority over an earlier purchaser if the subsequent purchaser (1) had no actual or constructive notice of the prior interest and (2) records their deed first.
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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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