Wisconsin Real Estate Sales Practice Exam

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What type of lien attaches to both real and personal property?

Specific lien
General lien
Statutory lien
Subordinate lien

The correct answer is: General lien

A general lien attaches to both real property and personal property of an individual, giving the lienholder legal rights to claim payment from any of the debtor's assets. This means that if a person has debts that result in a general lien, the creditor can seek to recover the debt from various sources, not limited to a particular parcel of real estate. This differs from a specific lien, which is tied exclusively to a particular piece of property, either real or personal. In contrast, statutory liens are established by law and may apply to a specific type of property rather than both real and personal assets. A subordinate lien is a type of lien that is ranked lower in priority compared to other liens; it does not inherently pertain to the nature of whether it affects real or personal property. Thus, a general lien's broad applicability across both real estate and personal property makes it the correct answer to the question about liens that can attach to both types of assets.