Loan Officer Practice Exam

Who is most likely to file a falsified deed in the industry?

1. Appraiser

2. Government worker

3. Title company

4. Rehabber

The correct answer is: Government worker

The answer identifies a government worker as the individual most likely to file a falsified deed. This highlights the importance of recognizing the authority and responsibilities associated with government employees who are involved in property transactions. Government workers may have access to property records and the ability to influence or manipulate documentation. Their position could present opportunities to bypass standard checks and create falsified documents. In contrast, appraisers are typically responsible for estimating property values and may not have the same access to file deeds. Title companies focus on ensuring the legal transfer of property and protecting against issues related to title claims, reducing their incentive to engage in falsification. Rehabbers, on the other hand, are investors who purchase properties to renovate and resell rather than involved in the legal documentation process directly. Understanding the different roles and the associated risks helps in recognizing the specific vulnerabilities within the real estate industry related to documentation and property transactions.