Escrow & Title
When an Oklahoma buyer receives the deed at closing but does not record it for 6 months, what is the risk?
ANo risk — the deed is valid between buyer and seller upon delivery
BA subsequent purchaser or creditor who records first without notice of the prior sale may take priority over the unrecorded buyer✓ Correct
CThe deed automatically becomes void after 90 days unrecorded
DOREC will cancel the transaction
Explanation
Under Oklahoma's race-notice recording statute, an unrecorded deed is vulnerable to a subsequent purchaser or creditor who (1) takes without notice of the prior deed and (2) records first. Prompt recording is essential to protect the buyer's interest.
Related Oklahoma Escrow & Title Questions
- Oklahoma counties use which primary system to organize and search land records?
- Oklahoma title evidence traditionally relies heavily on:
- In Oklahoma, a title search typically examines public records going back how far?
- Which of the following is typically a seller's expense at closing in Oklahoma?
- A trustee's sale (non-judicial foreclosure) notice in Oklahoma must be published for how long prior to the sale?
- A special warranty deed differs from a general warranty deed in that a special warranty deed:
- A forged deed in the chain of title of an Oklahoma property would be covered by:
- A ALTA (American Land Title Association) extended coverage title insurance policy protects against risks that a standard policy does not, including:
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →