Why is the sales history of the subject worth checking in a listing service as well as public records?
Correct Answer
C) Listings capture marketing attempts records never show
Why this is correct: Public records only show completed transfers. Listing services (MLS) track marketing history, including listings that expired or were withdrawn without sale, which is critical for analyzing market exposure and pricing trends. Why the other choices are wrong: Legal descriptions are precisely recorded in public deeds, not just listings. Public records do not omit all transfers between relatives; they record all deeds. Assessed values are from tax records, not listing services. Exam tip: Check MLS for failed marketing attempts that don't appear in deed records.
Why This Is the Correct Answer
Why this is correct: Public records only show completed transfers. Listing services (MLS) track marketing history, including listings that expired or were withdrawn without sale, which is critical for analyzing market exposure and pricing trends. Why the other choices are wrong: Legal descriptions are precisely recorded in public deeds, not just listings. Public records do not omit all transfers between relatives; they record all deeds. Assessed values are from tax records, not listing services. Exam tip: Check MLS for failed marketing attempts that don't appear in deed records.
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