Escrow & Title
In Florida, a 'lien' on real property is best described as a:
AVoluntary transfer of ownership
BClaim against property used as security for a debt or obligation✓ Correct
CDeed restriction limiting property use
DRight to use another's land
Explanation
A lien is a legal claim against real property that serves as security for a debt or obligation. Liens can be voluntary (mortgages) or involuntary (tax liens, mechanics' liens, judgment liens) and can cloud title.
People Also Study
Related Florida Questions
- A Florida buyer discovers after closing that the property has an unpaid mechanics' lien from a prior contractor. If they have an owner's title insurance policy, the insurer should:Escrow & Title
- In Florida, a 'judgment lien' is created against a debtor's real property when:Escrow & Title
- A Florida title insurance policy issued at closing protects against which of the following?Escrow & Title
- A Florida 'special warranty deed' (limited warranty deed) differs from a general warranty deed because the seller only warrants title against:Escrow & Title
- A Florida homeowner's title is 'clouded' due to an old, unsatisfied mortgage from a previous owner. The best remedy to clear this title cloud is to:Property Ownership
- Under Florida's Residential Landlord and Tenant Act (Chapter 83), a landlord must return a security deposit or provide written notice of intention to make a claim within:Property Management
- Under Florida's condominium association law, the board of directors may use the 'business judgment rule' as a defense against unit owner challenges to their decisions. This rule provides protection when the board:Property Management
- A Florida landlord refuses to rent to an applicant because their credit score is 580. The applicant, who is a member of a racial minority, claims this policy has a disparate impact on minorities. The landlord can best defend against this claim by:Fair Housing
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.
Math Concepts
Study This Topic
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →