Ownership
Lien
A concise definition for the California Real Estate Exam study guide.
Definition
A claim or charge against property as security for an obligation. Does NOT mean the lienholder owns the property. Liens may be voluntary (mortgage) or involuntary (tax lien, judgment lien).
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 1: Real Estate Ownership & Land Use →