Escrow & Title
Which of the following best describes 'constructive notice' in Wyoming real estate?
AActual knowledge that a party has personally obtained
BNotice the law presumes a person has because a document was properly recorded in public records✓ Correct
CNotice provided during a property inspection
DNotice given verbally at closing
Explanation
Constructive notice is legally presumed notice—anyone is presumed to know information contained in properly recorded public records, even if they have not actually searched or read those records. Recording a deed or lien in Wyoming gives constructive notice to the world.
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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).
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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.
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