Chapter 4

Beschreibung

300 Real Estate Quiz am Chapter 4, erstellt von Ryan Fryer am 15/09/2015.
Ryan Fryer
Quiz von Ryan Fryer, aktualisiert more than 1 year ago
Ryan Fryer
Erstellt von Ryan Fryer vor etwa 9 Jahre
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Zusammenfassung der Ressource

Frage 1

Frage
A monument is used in which type of legal description?
Antworten
  • Lot and block
  • Metes and bounds
  • Rectangular survey
  • Street address

Frage 2

Frage
The least acceptable method for identifying real property is
Antworten
  • rectangular survey
  • metes and bounds
  • street address
  • lot and block

Frage 3

Frage
An acre containts
Antworten
  • 160 sq feet
  • 43,560 sq feet
  • 640 sq feet
  • 360 degrees

Frage 4

Frage
A datum is
Antworten
  • used in the description of an ai lot
  • measured in New York only
  • a calendar method of measurement
  • all of these

Frage 5

Frage
In describing real estate, a system that uses feet, degrees and monuments is
Antworten
  • rectangular survey
  • metes and bounds
  • government survey
  • lot and block

Frage 6

Frage
A woman purchased a 4.5 acre of land for which she paid $78,400. an Adjoining owner wants to purchase a strip of her land measuring 150 ft. by 100 ft. What should this strip cost the adjoining owner if the woman sells it for the same price she originally paid for it?
Antworten
  • $3,000
  • $6,000
  • $7,800
  • $9,400

Frage 7

Frage
A property contained ten acres. How many 50-foot-by-100-foot lots can be subdivided from the property if 26,000 square feet were dedicated for roads?
Antworten
  • 80
  • 81
  • 82
  • 83

Frage 8

Frage
At $800 per acre, a lot that is 264 feet wide and 660 feet long would cost
Antworten
  • $1,320
  • $1,584
  • $3,200
  • $4,356

Frage 9

Frage
A map that shows the location, size, and shape of buildings located on a lot is called a
Antworten
  • survey sketch
  • legal description
  • plat map
  • spot survey

Frage 10

Frage
A description meets the standard of being legally sufficient if a
Antworten
  • buyer identify the property by the property address
  • title company certifies the description
  • competent surveyor can locate the parcel using the description
  • real estate licensee can locate the parcel

Frage 11

Frage
The legal description in the documents for each transfer of property must
Antworten
  • be copied from a mortgage document
  • be identical to the one used in prior transfers
  • give a description in lots and blocks
  • be certified by a title officer

Frage 12

Frage
All of the following are basic components of a metes-and-bounds description except
Antworten
  • tangible and intangible monuments
  • base lines, principle meridians, and townships
  • degrees, minutes, and seconds
  • a point of beginning

Frage 13

Frage
The point or surface from which elevations are measured is called a
Antworten
  • datum
  • monument
  • benchmark
  • meridian

Frage 14

Frage
A brass marker that surveyors use to mark local datums is called a
Antworten
  • monument
  • meridian
  • keystone
  • benchmark

Frage 15

Frage
What system uses a property's physical features to determine boundaries and measurements?
Antworten
  • Rectangular survey system
  • Lot-and-Block recorded play system
  • Metes-and-bounds method
  • Multiple listing service

Frage 16

Frage
The least specific method for identifying real property is
Antworten
  • rectangular survey
  • metes and bounds
  • street address
  • lot and block
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