Property Ownership
In Ohio, which of the following is an example of a 'statutory lien' that is created by law without the owner's agreement?
AA mortgage
BA property tax lien✓ Correct
CA deed of trust
DA voluntary second mortgage
Explanation
A statutory lien is created by statute (law) without the owner's agreement. Property tax liens arise automatically by law when taxes are levied.
People Also Study
Related Ohio Questions
- In Ohio, which of the following creates a valid lien against real property without the owner's consent?Property Ownership
- In Ohio, property taxes are levied based on:Property Ownership
- An Ohio property owner wants to grant a neighbor the right to use a path across their land. This would be created as:Property Ownership
- In Ohio, when a property owner dies intestate (without a will), their real property passes according to:Property Ownership
- In Ohio, property taxes collected by the county become a lien on the property on:Escrow & Title
- In Ohio, which government power allows the state to take title to property when an owner dies without a will and no heirs?Land Use & Zoning
- In Ohio, a written property management agreement between a broker and a property owner must contain:Property Management
- Under Ohio law, which lien has the HIGHEST priority when multiple liens exist on a property?Escrow & Title
Key Terms to Know
Deed of Trust
A security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
DeedA 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.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Study This Topic
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →