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Real Estate > Legal descriptions > Flashcards

Legal descriptions Flashcards

1
Q

What two things does obtaining a survey do?

A

Clearly defines the property
Reveals potential concerns about property boundaries

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2
Q

Legal description

A

A method of identifying a property in written words that allows for unambiguous interpretation of a property, boundaries and location

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3
Q

Survey

A

A professional on-site measurement of the lot, lines and dimensions of property, including the location of any improvements, such as a house on the lot, any encroachment that may exist, and any easements a public record

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4
Q

Survey

A

A blue print or map showing the measurements boundaries, an area of property sometimes required by lenders to ensure that no encroachments exist

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5
Q

Where to find legal descriptions

A

Deeds of conveyance
Mortgages
Claimed the title
Leases
Title insurance policies
Easements
Offers to purchase
Tax assessments, tax rules, and other tax records

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6
Q

Where to find legal descriptions for purchase

A

Online in the registry of deeds
Some counties will charge a fee to view information
Contact your favorite title company
County recorder or assessors office

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7
Q

What are three methods of land description

A

Metes and bounds
Lot and block
Rectangular government survey system

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8
Q

Metes and bounds

A

A survey system using points of reference and directional indicators to identify and locate a property for legal for purposes

Oldest land measurement system used in the US

The direction and distance of a line forming the boundary of the property are described by metes

Bounds referred to the physical features that defined the boundaries of the land

Monument is a permanent mark property corners

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9
Q

Lot and block

A

A legal description that refers to a lot and block number within a subdivision as indicated on a recorded subdivision plot (think city block)

Also known as plat reference system

Used mainly in urban and suburban areas for subdivided land

Large land divided into smaller parcels, a.k.a. pieces of land such as lots and acres

Each parcel is identified by a letter or number, blocks are groups of parcels bordered by streets that are numbered

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10
Q

Rectangular government survey system
RGSS

A

A governmental survey system that describes land in reference to principle meridians and baseline

640 acre sections each section is one square mile then into quarter sections

Known as the public land survey system, PLSS, survey, federally on walks of land, regulated by the Bureau of land management under the US Department of the interior

Used in 30 western and southern states isn’t used in east coast states

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11
Q

A metes and bounds description, the point of beginning is extremely important. What is the importance of the point of beginning?

A) Entire description is based off the point of the beginning
B) The point of beginning is where the entrance of the property will be located
C) It provides the directional description for the property boundary

A

Entire description is based off the point of beginning

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12
Q

What is the preferred type of property method description?

A

Lot and block land description method

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13
Q

Townships

A

6 miles x 6 mile square for a total area of 36 Miles
Townships are further subdivided into 36, 1 mile 640 acre sections then into quarter sections quarter quarter sections or irregular government lots

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14
Q

Principal meridian

A

An imaginary line that runs north and south across a baseline at a specific point, used by surveyors, or reference to locate and describe land, using the rectangular survey system

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15
Q

Baseline

A

An imaginary line that runs east and west, and across the principal meridian at a specific point it is used by surveyors as a reference point to locate and describe land under the rectangular survey system

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16
Q

Match the rectangular government survey term

Consist of 36 one square mile sections

Section
Principal meridian
Township

A

Township

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17
Q

Match the rectangular government survey term

Consist of 640 acres

Section
Principal meridian
Township

A

Section

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18
Q

Match the rectangular government survey term
The north-south line runs through the initial point

Section
principal meridian
Township

A

Principal meridian

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19
Q

North-south lines that do not run through the initial point
Baseline
Township lines
Range lines

A

Range lines

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20
Q

East west lines that do not run through the initial point
Base line
Township lines
Range lines

A

Township lines

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21
Q

The east west line that runs through the initial point
Base line
Township lines
Range lines

A

Base line

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22
Q

Property owners own the airspace above the property and can divide it into lots
True or false

A

True

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23
Q

Condominium ownership is ownership of the air space between the units boundaries
True or false

A

True

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24
Q

Condominium, plat, maps, created for condominiums, shows, elevations of floors and ceilings, but not the vertical boundaries
true or false

A

False

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25
Q

Condominium, legal descriptions for condominiums use datum instead of point of beginning
true or false

A

True

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26
Q

An on-site measurement of boundaries, encroachments, and position of improvements on a property that determines land areas

A

Survey

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27
Q

A method of describing a piece of land that starts at a point of beginning, and follows the boundaries using directions and distance, and returns to the point of beginning

A

Metes and bounds

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28
Q

A legal description that is also called a plat description

A

Lot and block

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29
Q

A horizontal reference point from which heights and depths are measured

A

Datum

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30
Q

A division of open space above a property

A

Air lot

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31
Q

A permanent natural or man-made landmark used as a point of reference in measuring property boundaries

A

Monument

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32
Q

A numbered embossed brass marker used to establish a reference point for surveyors when measuring elevations

A

Benchmark

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33
Q

A governmental method of surveying and describing land that uses principal meridians

A

Rectangular survey system

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34
Q

Cheri wants to find the legal description for her property. Where could she look
At a deed
In a history book
In the phonebook
On a piece of mail

A

Add a deed

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35
Q

When looking at a rectangular survey system map, where would section 36 be located?
Exact center of the township
The north eastern most section of the township
The south, eastern most section of the township
The south western most section of the township

A

The south, eastern most section of the township

The numbers on the grid start with section one on the north eastern corner of the township, then follow a zigzag pattern with section 36 in the south eastern most corner

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36
Q

How large is a section used in the rectangular survey system
640 acres
640 miles
640 ft.²
1 acre

A

640 acres

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37
Q

The Simpsons are buying a 5 acre lot that was part of a much larger tract of acreage. When the owners of the large acreage decided to subdivide it, they needed to have a legal description created for the 5 acre lot. What was used as the starting point for creating the legal description?

A benchmark
A plat map
A survey
Metes

A

A survey

A survey is used to create, verify, or correct a legal description. It’s a professional on site measurement of the lot lines and dimensions of property.

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38
Q

Buyers Tony and Sylvia know the postal address of the property they are purchasing what are wondering about the legal description of the property. Where is the most likely place to find a legal description

Deed
HOA covenants
Home warranty
Listing agreement

A

Deed

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39
Q

A registered land surveyor is preparing a plat map that will show elevations and boundaries for a multi level condominium complex. What is used as a reference point for measuring elevation
Datum
Monument
Pointed beginning
Sea level

A

Datum

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40
Q

Absent, a legal description, what are other ways to identify a property?

A legal description is the only way to identify the property
Family photos
State light imagery
Street address and tax map personal identification numbers

A

Street address and tax map personal identification numbers

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41
Q

What is a section?

1) A 36 mi.² square formed in the use of rectangular survey system ?
2) A one square mile square formed in the use of rectangular survey system
3) A permanent reference point used in measurement of elevations
4) The point of beginning, used in a metes and bound system

A

2) A one square mile square formed in the use of the rectangular survey system

This device land into townships, which are divided into one square mile sections

42
Q

Which of the following is key consideration, and starting reference for a metes and bounds description?

Baseline
Benchmark
Point of beginning
Principal meridian

A

Point of beginning

43
Q

What is a plat map?

A detailed description of air lots above the land

A detailed map of a subdivision that includes boundaries, measurements, and distances between points

A map showing all of the benchmarks located in the US

A map tax assessors use when determining the value of a property

A

A detailed map of a subdivision that includes boundaries, measurements, and distances between points

44
Q

Which type of legal description is this?
Plot of block, 28, Woodman Heights tracked, recorded in math, book 27, page 68, at the elder county records office

Benchmark
Lot and block
Metes and bounds
Rectangular government survey

A

Lot and block

45
Q

A professional, on site measurement of the lot lines and dimensions of a property is known as——?
An abstract
An Appraisal
An Inspection
A survey

A

A survey

46
Q

Related to the legal description of land, what is a monument?

43,000 square feet
A permanent landmark, or sometimes used in a legal description
A Pointe, from which elevations are measured
The subdivision of air above the land

A

A permanent landmark are sometimes used in legal descriptions

47
Q

Brandon is interested in purchasing a piece of property, but before doing so, he’d like to verify the accuracy of the legal description. Which of these options will accomplish this?

Having a home inspection performed
Having an appraisal performed
Having a survey conducted
Looking at the property on Google

A

Having a survey conducted

48
Q

Harmony is looking at the legal description on her purchase contract. It mentions that the plots of her property is recorded in math book 12, page 14, at the county courthouse. What type of legal description is this?

Lot and block
Metes and bounds
Monument and benchmark
Rectangular government survey

A

Lot and block

49
Q

Shannon is reading through paperwork related to her upcoming home purchase when she comes across the following. Southwest quarter of southwest quarter SW 1/4 of SW 1 4th Ave. W. half of south east corner of southwest quarter W 1 half , SE 1/4, Sw 1/4 of section 11, Township four N. of range 8 west. what did Shannon just find?

Legal description
Mortgage clause
Quit claim deed
Text description

A

Legal description

50
Q

What’s survey provides the legal description of the property?

Survey legend
Scale ratio
Survey title
Title insurance policy

A

Title insurance policy

51
Q

Tells you what the various symbols mean?

Survey legend
Scale ratio
Survey title
Title insurance policy
Land and survey plats

A

Survey legend

Think legendary symbols

52
Q

Translate links on the survey to actual links on property

Survey legend
Scale ratio
Survey title
Title insurance policy
Land, survey, plats

A

Scale ratio

Think of it as scale of it all

Scale to link survey to property

53
Q

Tells you the type of survey you’re reviewing

Survey legend
Scale ratio
Survey title
Title insurance policy
Land survey pats

A

Survey title

Think what is the title u r reading or reviewing

54
Q

Shows land, utilities, and easements that may impact an owners rights to land

Survey legend
Scale ratio
Survey title
Title insurance policy
Land, survey, plats

A

Land, survey, platS

55
Q

A Pointe, from which the elevations are measured

A

Datums

56
Q

What does a land surveyor produce?

A determination of value of property
A report detailing defects of a property
A survey that includes a legal description and a survey sketch
Property boundaries

A

A survey that includes a legal description and a survey sketch

57
Q

Which of these is usually a brass marker that is used to mark a datum?

Baseline
Benchmark
Monument
Principal meridian

A

Benchmark

58
Q

What is a sketch that shows the location, size, and shape of any improvements on a property being surveyed?

Building plan
Legal description
Plat, reference map
Spot survey

A

Spot survey

Includes the location, size and shape of any improvements on property

59
Q

What is a datum?

An iron pan or other permanent marker used in metes and bounds description
A Pointe indicating a location is at sea level
A Pointe, service, or line, used as a reference for measuring elevations
The center of a township

A

A point, surface, or a line used as a reference for measuring elevations

60
Q

5280 feet

A) Mile
B) Yard
C) Square mile
D) Acre
E) Square foot

A

A) Mile

61
Q

43,560 ft.²

Mile
Yard
square mile
Acre
Square foot

A

Acre

62
Q

144 square in.

Mile
Yard
square mile
Acre
Square foot

A

Square foot

63
Q

3 feet
Mile
Yard
Square mile
Acre
Square foot

A

Yard

64
Q

640 acres

Mile
Yard
Square mile
Acre
Square foot

A

Square mile

65
Q

Price per square foot

A

Take the home sale price and divided by the area example 800 ft.² rectangular building sells for 75,000 that equals to $93.75 per square foot. $75,000 divided by eight hundred equals ninety three dollars and seventy five. Cents

If local comps are selling for $93.75 per square foot and you have 1000 square-foot home the estimated value is $93,750

66
Q

Acre a unit of land that is equal to 43,560 ft.²

A

Find out what percentage of an acre a parcel is that has 28,675 ft.², divide the number of square feet in the property by the number of square feet in an acre 43,560 to get .66 or 2/3 of an acre.

67
Q

Hectares 10,000 m² or approximately 2.47 acres.

A

How many hectors were in a 45 acre track of land you would need to divide the total acres by 2.47 so, 45÷2.47 equals 18.21 hectares

68
Q

Front foot a.k.a. frontage, the linear measurement of a property that abuts 8th Street, Highway, water way, etc.

A

If you have a 200 x 50’ property but it was the 50 foot portion of the property that a beauty of the road you would have 50 front feet or a 50 foot frontage

69
Q

Length times width is?
Rectangle
Square
Triangle

A

Rectangle

70
Q

Equal side x equal side is?
Rectangle
Square
Triangle

A

Square

71
Q

0.5 X base x height is?

Rectangle
Square
Triangle

A

Triangle

72
Q

A patio is 15 feet wide by 25 feet long. What’s the area?

2 x 15‘ +2 x 25‘ equals 80 feet
For Site Eyes 15 feet equals 60 feet
15‘ x 25‘ equals 375 ft.²
.5 x 15’ x 25’ equals 187.5 ft.².

A

15’ x 25’ equals 375 ft.²
A rectangle is calculated by multiplying its length by its width

73
Q

A listing is priced between 190 and 200 per square foot if the property your listing measures 1500 ft.² and you want to put it at the top of the price per square foot range, at what price would the home be listed?

A

$300,000
Multiply how much it is per square foot and the properties listing measurements square footage
190×1500 ft.² equals $300 ,000

74
Q

The front foot of a property is 500 feet long. The county is offering to pay $25 per front foot. How much is this?

A

$12,500
Take 500 feet times 25 equals $12,500

75
Q

A parcel of land is being sold for three dollars per square foot. Do you have a client interested in purchasing 30,000 ft.² how much does this cost?

A

$90,000
3 x 30,000 equals 90,000

76
Q

A parcel of land is being sold for $25,000 per acre. You have a client interested in purchasing 4 acres. How much will this cost?

A

$100,000
$25,000 x 4 = $100,000

77
Q

A parcel and is being sold for 25,000 per acre. You have a client interested in purchasing 100,000 per square feet. How much will this cost?

A

$57,392
Take 100,000÷43,560= 2.29 x 25,000= $57,392

78
Q

A seller received $800,000 for a 5.5 acre rectangular parcel alongside a road frontage. The property is 400 feet deep. What was the price per front front of the property?

A

$1335.67
First, find the square footage 5.5×43,560 equals 239,580 you’re given one dimension of the rectangle so find the other 239,580÷400 equals $598.95 front feet.
To find the price per front foot $800,000 divided by 598.95 equals $1335. 65 per front foot.

79
Q

A parcel of land measures one half mile x 3000 feet if price per acre is $4200 What’s the list price for this parcel round 2/10 of an acre for your calculation

A

$763,560

Area equals length x width . 1 mile equals 5280 feet the area of this parcel is 7,920,000 ft.². (5280. Divided by 2 x 3000. 1 acre equals 43,560 ft.². The parcel is 181.8 acres 7,920,000 divided by 43,560 equals 763,560 $
(4200×181.8. )

80
Q

How many feet are in an acre?
10,000 ft.²
43,560 ft.²
53,640 ft.²
640 ft.²

A

43,560 ft.²

81
Q

An area of 640 acres is equal to——?
One hectare
1 kilometer
One square mile
One Township

A

One square mile

which is the size of a single section and a rectangular survey system, a type of legal description of land

82
Q

Calculations for area for a square

A

Side x side

83
Q

Area calculations for rectangle

A

Length x width

84
Q

Area calculation for triangle

A

.5 x base x height

85
Q

Calculations for acreage

A

Property size divided by 4560 ft.²

86
Q

Calculations for hectares

A

Property size and acres divided by 2.47 acres.

87
Q

Calculations for price per square foot

A

Sale price divided by the area

88
Q

Where to find legal descriptions

A

Deeds of conveyance
Mortgages
Claims of title
Leases
Title insurance policies
Easements
Offers to purchase
Tax assessments, tax rolls, and other tax records

89
Q

What is a land measurement for a mile?

A

5280 feet

90
Q

What are land measurements for an acre?

A

43,560 ft.²

91
Q

What are land measurements for square foot?

A

144 in.²

92
Q

What are lame measurements for a yard?

A

3 feet

93
Q

What are land measurements for square mile?

A

640 acres

94
Q

What are methods of land description?

A

Metes and bounds: uses compass, headings, and directions

Lot and block : provides plat references

Rectangular (government) survey system: divides land, surveyed into 36 mi.² townships, which are further subdivided

Monument system : permanent Len markers are used as a point of beginning

95
Q

What is a description of land that specifies the boundaries and locations of a specific piece of real property?

A

Legal description

96
Q

What is professional, on-site measurement of the lot lines and dimensions of a property including the location of any improvements (such as a house) as well as any encroachments or easements?

A

Survey

97
Q

What is point from which the elevations are measured?

A

Datum

98
Q

What is usually a brass marker set into concrete that marks datum points?

A

Benchmark

99
Q

A four bedroom four bath, 4875 square-foot house was listed at $445,000. Andreas, the seller, excepted an offer that was 95% of the listing price. What price per square foot did she get for the house?

$45.64
$82.15
$86.72
$93

A

$86.72

100
Q

The cost of a parcel of land is $.50 per square foot. Candace wants to purchase 1 acre. How much will this cost?

$21,780
$43,560
$500
$5000

A

$21,780

101
Q

An 800 square-foot rectangular building sells for $75,000. What’s the cost per square foot

$187.50
$46.88
$60.50
$93.75

A

$93.75

102
Q

It’s a farm that’s for sale measures 1 3/4 mi.². How many acres is it?
One and three quarter square miles

1050
1120
1280
875

A

1120

3/4 of 640 acres or .75 x 640 acres=. 480+ one more mile is 640 acres = 1120.

There is 640 acres in 1 mi.

Real Estate (39 decks)

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