Assessment Flashcards
Sections are ___ than townships
Smaller
A ___ is a detailed way of describing a parcel of land for documents such as deeds and mortgages that will be accepted by a court.
Legal description
Townships reference which type of legal description?
Rectangular survey
Base lines reference which type of legal description?
Rectangular survey
Lot and blocks are part of which legal description?
Plat of survey
Sections reference which type of legal description
Rectangular survey
Monuments refer to which legal description
Metes and bounds
Correction line refers to which legal description?
Rectangular survey
Point of beginning refers to which type of legal description?
Metes and bounds
Competent real estate brokers should be able to draft or alter legal descriptions as necessary. True or false?
False
An incorrectly worded legal description in a sales contract may result in…
Conveyance of more or less land than intended
A datum is found by a surveyor’s reference to ___.
benchmarks
A(n) ___ is found by a surveyor’s reference to benchmarks.
datum
Air lots, condominium descriptions, and other vertical measurements may be computed from the US Geological Survey ___..
datum
6 acres of prime undeveloped property are sold for $2.25 per square foot. How much did the buyer pay?
$588,060
Which township section is directly north of section 7?
section 6
1/2 mile by 1/2 mile most accurately thescribes the dimensions of a(n) ___ section.
Quarter
A buyer is willing to pay $1,200 per acre for the SE 1/4 of the SE 1/4 of the SE 1/4 of section 11. How much will the buyer pay for the land?
$12,000
How many acres are in a farm that is a quarter section?
160 acres
How many acres are contained in a parcel described as: The NE 1/4 of the NW 1/4, and the S 1/2 if the NW 1/4 and the NE 1/4 of Section 10?
280 acres