Certified Residential Appraiser Practice Exam

What is included in the comprehensive factual data of land descriptions?

1. Only physical characteristics

2. Only financial records

3. Legal description and title data

4. Only zoning information

The correct answer is: Legal description and title data

The inclusion of legal description and title data in the comprehensive factual data of land descriptions is crucial for accurately identifying and assessing a parcel of land. A legal description provides a precise delineation of the property's boundaries, which is essential for determining ownership and limits of use. This is generally detailed in terms of meets and bounds, lot numbers, or a combination of survey descriptions that can be referenced in legal documents. Title data complements the legal description by providing information about the current ownership of the property, any liens or encumbrances against it, and the history of ownership transfers. This data is integral to understanding the property’s value and ensuring that there are no legal issues that could affect its use or marketability. While other options may include relevant data types, they do not encompass the full scope of what is defined as comprehensive factual data in land descriptions. Physical characteristics, financial records, or zoning information alone would not provide the complete legal framework necessary for assessing real property accurately.