Cluj Training - Property Characteristics - 01

Real Estate

Property Management

IREM

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| By Barbara Bray

Barbara Bray

Community Contributor

Quizzes Created: 11 | Total Attempts: 2,413

| Attempts: 75 | Questions: 9

Quiz Flashcard

Question 1 / 9

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About This Quiz

The 'Cluj Training - Property Characteristics - 01' quiz assesses knowledge on identifying and understanding various property characteristics. It covers parcel numbers, property names, land area, and building sizes, crucial for professionals in real estate and property management.

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2. What is the land area?(Enter only the numeric value. Include two decimal points)

The correct answer is 9.28 because the question asks for the land area and the given answer is a numeric value with two decimal points. Therefore, 9.28 is the specific measurement of the land area.

Explanation

The correct answer is 9.28 because the question asks for the land area and the given answer is a numeric value with two decimal points. Therefore, 9.28 is the specific measurement of the land area.

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3. In the Sales Document / Deed History, who is the Buyer?(Enter exactly as it is listed)

The buyer is the Grantee and is being granted the property from the seller. The most correct answer is THOMAS JOHN W TRS THOMAS JOHN W 1999 TRUST as the official name for the legal entity

Also it is important to note the other Non Sales Document / Deed History section for further information on transactions involving Grantor and Grantees.

Explanation

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4. What is the parcel number?(Enter exactly how it is formatted)

The parcel number must be in the correct format as listed on the assessor page.

Explanation

The parcel number must be in the correct format as listed on the assessor page.

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5. What is the building size?(Enter only the numeric value. Include correct number formatting)

If you put in the number without the proper formatted comma, please remember to do so next time.

Explanation

If you put in the number without the proper formatted comma, please remember to do so next time.

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8. Name of the property?(Pick one and type exactly how it is listed)

The name of the property is "FOXCROFT APARTMENTS, THOMAS JOHN W TRS, THOMAS JOHN W 1999 TRUST, FOXCROFT".

Explanation

The name of the property is "FOXCROFT APARTMENTS, THOMAS JOHN W TRS, THOMAS JOHN W 1999 TRUST, FOXCROFT".

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9. In the Sales Document / Deed History, who is the Seller?(Enter exactly as it is listed)

The seller is the Grantor who is granting the property to someone else. This is why you will find a signature on document for the grantor, because they are giving up their control of the property.

Note: When entering buyers and sellers into the matrix system, the legal designation for legal names are left off (LLC, Inc., LP, GP, etc.). If this name were entered into the Matrix system, it would be put in as "Ambassdor Apartments". The "LLC" would be taken off.