Illinois Real Estate Practice Exam

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Prepare for the Illinois Real Estate Test. Practice with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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What is the order in which claims against the property will be satisfied, following the "First to record, first in right" principle?

  1. Appropriation

  2. Equitable Lien

  3. General Real Estate Taxes

  4. Priority Of Liens

The correct answer is: Priority Of Liens

In real estate, the principle of "First to record, first in right" means that the priority of liens on a property is determined by the order in which they are recorded. This means that the claims against the property will be satisfied in the order of their recording, with the first recorded lien taking precedence over those recorded later. Therefore, the correct answer is Priority Of Liens (Choice D). Options A, B, and C are incorrect because they do not specifically relate to the order in which claims against the property will be satisfied based on the principle of "First to record, first in right."

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