PSI Oklahoma Real Estate Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the PSI Oklahoma Real Estate Test with flashcards and multiple choice questions, all equipped with hints and explanations. Master the material and pass your exam confidently!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

In order to preserve interest in a legal matter, what should Sandy do regarding her lawsuit against Bill?

Sell her claim
File a lien
File a lis pendens
Wait for court judgment

The correct answer is: File a lis pendens

Filing a lis pendens is a legal action that notifies interested parties that a property is subject to a pending lawsuit. This serves to preserve Sandy's interest in the matter by alerting potential buyers or creditors that there is an ongoing dispute involving the property, which could affect ownership rights or financial claims. By filing a lis pendens, Sandy ensures that the lawsuit is public knowledge, which may deter others from making decisions regarding the property that could undermine her position. In contrast, selling her claim may relinquish her right to the lawsuit and any potential judgment in her favor. Filing a lien could be a measure taken after winning a judgment to secure payment, rather than a proactive step to preserve interest before the case concludes. Waiting for a court judgment does not actively protect her interests, as it allows for the possibility that the property could change hands or be encumbered in the meantime, potentially complicating or jeopardizing her claim. Thus, filing a lis pendens is the most appropriate course of action to protect Sandy's interests in this legal matter.