Chapter 4

Descripción

300 Real Estate Test sobre Chapter 4, creado por Ryan Fryer el 15/09/2015.
Ryan Fryer
Test por Ryan Fryer, actualizado hace más de 1 año
Ryan Fryer
Creado por Ryan Fryer hace alrededor de 9 años
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Resumen del Recurso

Pregunta 1

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

Pregunta 2

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

Pregunta 3

Pregunta
An acre containts
Respuesta
  • 160 sq feet
  • 43,560 sq feet
  • 640 sq feet
  • 360 degrees

Pregunta 4

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

Pregunta 5

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

Pregunta 6

Pregunta
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?
Respuesta
  • $3,000
  • $6,000
  • $7,800
  • $9,400

Pregunta 7

Pregunta
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?
Respuesta
  • 80
  • 81
  • 82
  • 83

Pregunta 8

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

Pregunta 9

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

Pregunta 10

Pregunta
A description meets the standard of being legally sufficient if a
Respuesta
  • 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

Pregunta 11

Pregunta
The legal description in the documents for each transfer of property must
Respuesta
  • 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

Pregunta 12

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

Pregunta 13

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

Pregunta 14

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

Pregunta 15

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

Pregunta 16

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