Chapter 4

Description

300 Real Estate Quiz on Chapter 4, created by Ryan Fryer on 15/09/2015.
Ryan Fryer
Quiz by Ryan Fryer, updated more than 1 year ago
Ryan Fryer
Created by Ryan Fryer over 9 years ago
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Resource summary

Question 1

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

Question 2

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

Question 3

Question
An acre containts
Answer
  • 160 sq feet
  • 43,560 sq feet
  • 640 sq feet
  • 360 degrees

Question 4

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

Question 5

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

Question 6

Question
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?
Answer
  • $3,000
  • $6,000
  • $7,800
  • $9,400

Question 7

Question
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?
Answer
  • 80
  • 81
  • 82
  • 83

Question 8

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

Question 9

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

Question 10

Question
A description meets the standard of being legally sufficient if a
Answer
  • 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

Question 11

Question
The legal description in the documents for each transfer of property must
Answer
  • 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

Question 12

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

Question 13

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

Question 14

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

Question 15

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

Question 16

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