Quiz 3 - Propertyfinder

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Quiz 3 - Propertyfinder - Quiz

Property Finder 2G


Questions and Answers
  • 1. 

    PropertyFinder 2G provides information about:

    • A.

      A. Property ownership

    • B.

      B. Sales comparables

    • C.

      C. Property values

    • D.

      D. All of the above

    Correct Answer
    D. D. All of the above
    Explanation
    PropertyFinder 2G provides information about property ownership, sales comparables, and property values. This means that it covers all of these aspects, making option d. "All of the above" the correct answer.

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  • 2. 

    To search for a property, you could search by:

    • A.

      Neighborhood characteristics

    • B.

      Address, name, or parcel number

    • C.

      A range of property values

    • D.

      Foreclosures

    Correct Answer
    B. Address, name, or parcel number
    Explanation
    You can search for a property by entering its address, name, or parcel number. This allows you to easily locate a specific property based on its known details. By using any of these search criteria, you can quickly find the desired property without having to browse through unrelated listings or information.

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  • 3. 

    A plat map provides information about:

    • A.

      A. Property listings for sale in a specific neighborhood

    • B.

      B. Locations of all the schools in a given neighborhood.

    • C.

      C. Property information such as the assessor's parcel number (APN) and the lot number.

    • D.

      D. Location of all the foreclosures on a street.

    Correct Answer
    C. C. Property information such as the assessor's parcel number (APN) and the lot number.
    Explanation
    A plat map is a detailed map that provides information about properties in a specific area. It includes property information such as the assessor's parcel number (APN) and the lot number. This information is important for property owners, real estate agents, and potential buyers as it helps in identifying and distinguishing different properties in a neighborhood. It is not related to property listings for sale, locations of schools, or foreclosures on a street.

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  • 4. 

    A "sales comparables" report:

    • A.

      Compares the characteristics and sales price of one home with other homes in the same neighborhood.

    • B.

      Compares the sale of a property with the home's assessed value.

    • C.

      Compares the last sale date of a property with the first sale date.

    • D.

      Compares the home's owners with the increase in sales price over time.

    Correct Answer
    A. Compares the characteristics and sales price of one home with other homes in the same neighborhood.
    Explanation
    A "sales comparables" report compares the characteristics and sales price of one home with other homes in the same neighborhood. This report is used to determine the fair market value of a property by analyzing recent sales of similar properties in the area. By comparing the sales price and characteristics of different homes, it helps in estimating the value of a specific property based on market trends and comparable sales data.

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  • 5. 

    5.  A map search can show:

    • A.

      A. a satellite map of the specific property only, but not surrounding areas.

    • B.

      B. a satellite map of the property as well as other labelled buildings such as neighborhood schools

    • C.

      C. the parcel numbers for each property

    • D.

      D. property values in a given area.

    Correct Answer
    B. B. a satellite map of the property as well as other labelled buildings such as neighborhood schools
    Explanation
    A map search can show a satellite map of the property as well as other labelled buildings such as neighborhood schools. This means that when conducting a map search, not only will you be able to see the satellite view of the specific property, but you will also have the ability to view other buildings and landmarks in the surrounding area, such as schools. This can be helpful for getting a better understanding of the neighborhood and the proximity of important locations.

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  • 6. 

    To search for a property document, you would need to know:

    • A.

      A. the parcel number

    • B.

      B. the date the home was purchased

    • C.

      C. either the document number's instrument OR both the book and page

    • D.

      D. none of the above

    Correct Answer
    C. C. either the document number's instrument OR both the book and page
    Explanation
    To search for a property document, you would need to know either the document number's instrument or both the book and page. This means that you can find the property document by providing either the specific document number's instrument or both the book and page numbers where the document is located. Knowing the parcel number or the date the home was purchased is not necessary for searching for a property document.

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  • 7. 

    7.  A local demographics report on a property would be useful to:

    • A.

      A. a business that wants to market its services to certain types of homeowners, such as single or married individuals.

    • B.

      B. A realtor who wanted to see where schools were located in the neighborhood.

    • C.

      C. A homeowner looking for a retirement community.

    • D.

      D. A mortgage lender looking for comparable sales.

    Correct Answer
    A. A. a business that wants to market its services to certain types of homeowners, such as single or married individuals.
    Explanation
    A local demographics report on a property would be useful to a business that wants to market its services to certain types of homeowners, such as single or married individuals. This report would provide information about the population in the area, including factors such as age, marital status, and household composition. By understanding the demographics of the homeowners in the area, the business can tailor its marketing strategies and target the right audience effectively.

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  • 8. 

    A property profile lists information about the homeowner including:

    • A.

      A. the homeowner's single, married, widowed or divorce status

    • B.

      B. the home's improvements, such as a new roof or remodeled kitchen

    • C.

      C. the homeowner's e-mail address

    • D.

      D. the homeowner's name as listed on the property's title

    Correct Answer
    D. D. the homeowner's name as listed on the property's title
    Explanation
    The correct answer is d. the homeowner's name as listed on the property's title. A property profile typically includes information about the homeowner, and one of the most important pieces of information is the homeowner's name as listed on the property's title. This is important because it establishes legal ownership of the property and can be used for various legal and financial purposes. The other options (a, b, c) may provide additional information about the homeowner or the property, but they are not as essential or fundamental as the homeowner's name on the property's title.

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  • 9. 

    9.  Once a property search is completed, you can:

    • A.

      A. Customize the property information by adding notes, photos, and hyperlinks

    • B.

      B. Delete information that appears to be inaccurate

    • C.

      C. E-mail the homeowner to get detailed information about the property's insurance coverage

    • D.

      D. Customize the property information by adding fields to list home improvements

    Correct Answer
    A. A. Customize the property information by adding notes, photos, and hyperlinks
    Explanation
    After completing a property search, you have the ability to customize the information by adding notes, photos, and hyperlinks. This allows you to personalize the property information and make it more detailed and informative. This feature is useful for keeping track of important details, adding visual references, and providing additional resources or references for the property.

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  • 10. 

    Documented images reports would include information such as:

    • A.

      A. property deed or title

    • B.

      B. a photo of the home

    • C.

      C. the property profile report

    • D.

      D. the aerial view of the street

    Correct Answer
    A. A. property deed or title
    Explanation
    Documented images reports typically include important information related to a property, such as a property deed or title. This document serves as proof of ownership and provides details about the legal rights and responsibilities associated with the property. Including the property deed or title in a documented images report ensures that all relevant information about the property is accurately recorded and can be easily referenced when needed.

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