Florida Broker Practice Exam

Which of the following are examples of specific liens?

1. Judgment lien and federal tax lien

2. Property tax and special assessment lien

3. Leasehold lien and mechanic's lien

4. Utility lien and general lien

The correct answer is: Property tax and special assessment lien

Specific liens are those that are directly tied to a particular piece of real property and arise from a specific obligation or claim against that property. The correct answer highlights property tax liens and special assessment liens, both of which target a specific parcel of land for the collection of taxes or fees levied to fund public improvements. Property tax liens occur when a homeowner fails to pay property taxes, leading local governments to place a lien on the property. This ensures that the government can collect the owed taxes, ultimately prioritizing payment from the sale of the property if necessary. Similarly, special assessment liens are imposed to fund local improvements such as roads, sidewalks, or drainage systems that specifically benefit the property in question. These liens allow municipalities to recoup costs from property owners who directly benefit from such improvements. In contrast, other options listed do not exclusively represent specific liens. For instance, judgment liens and federal tax liens can be considered general liens because they attach to a debtor’s real and personal property rather than targeting a single, specific asset. Leasehold liens similarly apply to rights related to specific leases and do not generally pertain uniquely to one piece of real estate. Utility liens may not apply to individual properties in a specific manner and are often broader. Thus, identifying property tax