Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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What document places a lien on the property in lien theory states?

Deed
Mortgage
Title
Promissory note

The correct answer is: Mortgage

In lien theory states, the mortgage document places a lien on the property. A lien means that the lender has the right to take possession of the property if the borrower fails to make loan payments. A deed, title, and promissory note are all related to property ownership, but they do not necessarily place a lien on the property. A deed transfers ownership of the property, a title is a legal document that proves ownership, and a promissory note is an agreement to repay a loan. These documents do not guarantee that the lender has a claim on the property if the borrower defaults on the loan.