Arizona Real Estate License Practice Exam

The effective date of a mechanic's lien is generally determined by the date the lien is filed or the underlying work is completed. In this case, if the contractor filed the mechanic's lien on July 1, then that date represents when the lien becomes enforceable. Mechanic's liens serve to secure payment for work performed on a property, and the effective date is crucial because it establishes priority over other claims against the property.

Typically, the effective date may also relate to when labor or materials were last provided for the project. Understanding this timing is essential in real estate transactions, as it dictates the contractor's rights for claiming payment against the property if the owner fails to meet their financial obligations.

Other dates mentioned are irrelevant to the effective date in this context unless explicitly stated that the lien was filed on those dates. Therefore, July 1, being the date of filing, is correctly identified as the effective date of the mechanic's lien.