Property Ownership
What is the significance of the recording act in Ohio?
AIt records the sale price for public record
BIt protects subsequent buyers and lenders who record first without notice of prior unrecorded interests✓ Correct
CIt requires all documents to be recorded
DIt sets recording fees
Explanation
Ohio's recording act (race-notice) protects subsequent purchasers and mortgagees who record their interest first without actual or constructive notice of a prior unrecorded interest. This encourages prompt recording of all property interests.
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