Illinois Real Estate Practice Exam

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Prepare for the Illinois Real Estate Test. Practice with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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What type of lien gives security to those who perform labor or provide materials to improve real property?

Lien
Specific Lien
Voluntary Lien
Mechanic's Lien

The correct answer is: Mechanic's Lien

A Mechanic's Lien gives security to those who perform labor or provide materials to improve real property. This type of lien allows contractors, subcontractors, and suppliers to collect payment for the work they have done or materials they have provided on a property. It is designed to protect the rights of those who contribute to the improvement of a property by ensuring they receive payment for their services. In contrast, a general "Lien" is a broad term that can refer to any legal right or interest that a creditor has in another's property. A Specific Lien is a type of lien that is attached to a specific property or asset, while a Voluntary Lien is created by a borrower's agreement as security for a debt.