Property Description

Question 1

A developer bought a 100-acre parcel to subdivide into one-acre homesites. Which of the following methods of legal description would BEST achieve the developer’s objectives?

Answer 1

Lot and block

Question 2

In order for a metes-and-bounds legal description to be correct and perfect, it must

Answer 2

start and end at a point of beginning.

Question 3

A metes-and-bounds legal description states, “Commencing at the corner of Ridge Street and Maple Street, then east 40 degrees to Elm Ave, then 60 degrees south to Main St., then 40 degrees west to Ash Ave.” This description is

Answer 3

imperfect because no closure has been given

Question 4

In a sales contract, which of the following is an acceptable legal description of property?

Answer 4

metes and bounds description

Question 5

An exact way of describing real estate in a contract, deed, mortgage, or another document that will be accepted by a court of law is called

Answer 5

A legal description

Question 6

A survey would do all of the following EXCEPT

Answer 6

A) create legal descriptions.
B) establish boundaries.
C) reveal illegal zoning use.
D) find encroachments.

The answer is C.

Question 7

The legal description that uses principal meridians and base lines to describe a property is

Answer 7

the government survey

Question 8

A section is ..

Answer 8

is part of a township (36 sections) .. has 640 acres… is one square mile..

Question 9

When surveying land, a surveyor refers to the principal meridian that is

Answer 9

within the rectangular survey system area in which the land being surveyed is located

Question 10

Which of these is MOST likely to create a correct legal description for a property?

Answer 10

Surveyor

Question 11

Real estate is bought and sold on the basis of

Answer 11

legal description

Question 12

A typical real estate survey shows the landlines and position of any structures on the land. A survey that shows land elevations and curvatures is called

Answer 12

A topographic survey

Question 13

There are two documents that should always have a legal description during the real estate process. One is any type of deed. What is the other?

Answer 13

Contract to convey real property interest

Question 14

Generally, a method used for land description is called reference to a recorded plat or lot-and-block. In North Carolina, this has a slightly different name and is called reference to

Answer 14

A recorded deed

Question 15

If a survey is not conducted as part of a sales transaction of property, what protection excludes any defects that may have been found as part of a survey?

Answer 15

Title insurance