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Principles of Real Estate 1 > Module 10 > Flashcards

Module 10 Flashcards

1
Q

Metes and Bounds

A

A legal description of a parcel of land that uses terminal points and angles; it begins at a well-marked point and then follows the boundaries, using direction and distances around the tract to move back to the point of beginning

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2
Q

Recorded Plat

A

A map of a town, section or subdivision indicating the location and boundaries of individual properties

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3
Q

Range Lines

A

North/South lines at six-mile intervals

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4
Q

Land Surveying

A

The technique used to accurately determine the position and distance of points, and boundaries of land

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5
Q

Monument

A

A fixed natural or artificial object used to establish real estate boundaries for a Metes and Bounds description; a permanent marker installed on the land by a surveyor

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6
Q

Government Survey System

A

A system established in 1785 by the Federal Government providing for surveying and describing land by reference to principal meridians and base lines. Also called the government survey system.

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7
Q

Township Lines

A

East/West lines at six-mile intervals

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8
Q

Partition

A

The division of a covenants’ interests in Real Property when the parties do not agree to terminate the =Co-Ownership voluntarily; takes place through court procedures

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9
Q

Lot and Block

A

A description of Real Property that identifies a parcel of land by reference to Lot and Block numbers within a subdivision, as specified on a plot of subdivision duly recorded in the county recorder’s office

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10
Q

Grid

A

An overlay of vertical and horizontal lines creating a system of squares over land

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11
Q

Informal Reference

A

The street address; not a valid legal description

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12
Q

Uses a recorded map or plat to describe land

A

Lot and Block

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13
Q

North/South lines established at six mile intervals as part of the government survey system

A

Range Lines

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14
Q

Uses terminal points and angles to describe land

A

metes and Bounds

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15
Q

A street address

A

Informal Reference

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16
Q

East/west lines established at six mile intervals as part of the government survey system

A

Township lines

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17
Q

Lot and Block is commonly used for

A

residential subdivisions

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18
Q

Lot and Block refers to a

A

recorded map, or plat

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19
Q

A legal description uses a recorded map or to define a property.

A

Plat

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20
Q

Natural or man-made markers called are used as reference points to determine the point of beginning for metes and bounds.

A

Monuments

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21
Q

The is the origination point for Metes and Bounds legal descriptions.

A

Point of beginning

22
Q

An acre of land has square feet.

A

43,560

23
Q

Commonly used in residential subdivisions, method of legal description uses a recorded plat.

A

Lot and block

24
Q

The oldest method of defining property is called and uses terminal points and angles to define a property.

A

metes and bounds

25
Q

A street address is not a valid

A

legal description

26
Q

A section of land contains ____________, which is one square mile.

A

640 acres

27
Q

A ____________ is 36 square miles.

A

township

28
Q

Surveys are used to ____________ land or to divide a piece of property between multiple owners.

A

partition

29
Q

There are 36 ____________ in a township.

A

sections

30
Q

The ____________ uses a grid system to describe property.

A

Government Survey System

31
Q

A street address is used as an ____________ for property.

A

informal reference

32
Q

The Government Survey System uses a grid to divide land into ____________, Townships, and Sections.

A

Ranges

33
Q

Descriptions that use terminal points and angles to describe a parcel of land.

A

Metes and bounds

34
Q

A permanent marker installed on the land by a surveyor.

A

Monument

35
Q

The most common form of survey.

A

Land

36
Q

Division of a property between multiple owner.

A

Partition

37
Q

Set forth the definitions for land surveying and its practices in the State of Texas.

A

Professional Land Survey Practices act

38
Q

This method of describing property was adopted by Congress in 1785.

A

Rectangular Survey System

39
Q

Most often refers to a recorded map or plat.

A

Lot and Block Method

40
Q

The most commonly used informal reference to a parcel of land.

A

Street address

41
Q

The technique, profession, and science of accurately determining the terrestrial or three-dimensional position of points and the distances and angles between them.

A

Land surveying

42
Q

Referred to as deed restrictions.

A

Covenants

43
Q

True or False: The street address allows the property to be easily located and is a valid legal description because it includes detail as to corners, boundaries and quantity of property described.

A

F

44
Q

True or False: Field work often involves activity in rugged terrain, but individuals considering a surveying profession do not necessarily have to enjoy or get used to working outdoors.

A

F

45
Q

True or False: Descriptions of real estate serve to identify corners, boundaries and quantity of land.

A

T

46
Q

True or False: The Professional Land Surveying Practices Act set forth the definitions for land surveying and its practices in the State of Texas, and established the Board of Professional Land Surveying.

A

T

47
Q

True or False: Each lot is assigned a lot number, and the number, often along with the section and block number, becomes the legal description of the property.

A

T

48
Q

True or False: The name of a township comes from its location in the grid.

A

T

49
Q

True or False: Metes and bounds descriptions are the most commonly used descriptions in states that use the Government Survey System.

A

F

50
Q

True or False: To convert acres to square feet, simply divide 43,560 by the number of acres.

A

F

51
Q

True or False: Surveying is a significant part of a real estate transaction because boundary coverage is generally required by lenders. Most lenders require this coverage, which triggers a need for a survey.

A

T

Principles of Real Estate 1 (12 decks)

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