What type of record must the recorder keep regarding property transactions?

Prepare for the Ohio Land Title Association exam. Enhance your understanding of real estate transactions, title search, and property law. Study with interactive quizzes and detailed explanations to excel in your test.

The correct answer emphasizes the specific types of records that a county recorder is required to maintain concerning property transactions. In Ohio, recorders are authorized to keep official documentation related to property ownership and liens, which primarily includes deeds, mortgages, and powers of attorney.

Deeds are vital documents that officially transfer property ownership from one party to another, providing a legal record of ownership. Mortgages represent a legal agreement in which property is used as collateral for a loan, and they are essential for future reference concerning outstanding debts tied to properties. Powers of attorney allow individuals to designate others to manage their property matters, impacting real estate transactions.

The requirement for the recorder to maintain these documents ensures that there is a public record that can be accessed for title searches, legal inquiries, and facilitating transactions. The maintenance of such records is foundational for the integrity of real estate titles and helps provide security and transparency in property dealings.

In contrast, other options such as contracts, satisfied liens, and lease agreements generally do not have the same mandatory recording obligations or public visibility and may be kept privately or filed with other entities rather than the recorder's office. Therefore, the combination of deeds, mortgages, and powers of attorney captures the essential records that pertain to property transactions accurately.

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