Recording documents in the public records informs anyone who may have a potential interest in a property of both the owner and lender. In so doing, it provides what is commonly referred to as ____________ of an interest in real property.
A) mutual assent
B) constructive notice
C) consideration
D) simultaneous issue

Question

Quizplus · Accepted Answer

Constructive notice is the legal doctrine that assumes that everyone has knowledge of what has been recorded in the public records. By recording documents, the public is put on notice of the interests in the property, providing constructive notice of an interest in real property. Mutual assent refers to the agreement between parties, consideration refers to the value exchanged in a contract, and simultaneous issue relates to the process of issuing title insurance.

Recording Documents in the Public Records Informs Anyone Who May