Explore the fundamentals of the DOMS process in real estate, focusing on property documentation, recording sales, and the significance of real property. Learn key concepts like deed types, legal descriptions, and parcel numbers, essential for professionals in property management and real estate law.
Grant Deed
Deed of Trust
Quitclaim Deed
Special Warranty Deed
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Sales price
Buyer
Seller
County
B & C only
A, B & C only
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True
False
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True
False
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Private Owner
Single Owner
REIT
Trust
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Yes, because they manage properties all over the USA.
Yes, because they manage at least one property.
No, because they are located in more than one state.
Not enough information available to determine.
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True
False
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10000
100000
456852
43560
42890
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The U.S. Government
Our Subscribers
The Company
Your Boss
The voices inside your head
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True
False
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Operations
Accounting
Acquisitions
Marketing
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True
False
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Captive - Private
Captive - REIT
Third Party - Independent
Owner - Managed
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Yes
No
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The date the deed was recorded by the county recorder
The date the deed was delivered to the buyer
The date the deed was signed
The date of maturity on the Deed of Trust
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Best Contact Number
Name of Owner Contact
That the owner actually owns the property
The best address for the owner
We need to verify all of the above information
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Nowhere, you are done and "West US Income Properties, LLC" is your actual owner
Try the next nearest county to your proerty to see if they have the owners listed for "West US Income Properties, LLC"
Go to the Oregon Secretary of State website since the legal owner is an Oregon corporation
Give up and ask your trainer
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The legal owning entity listed by the tax assessor
Always the entity that owns the legal owning entity
The Secretary of State
The individual person who controls the property
The individual person OR company that controls the property
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