Unit 1: Legal Descriptions Flashcards

1
Q

What are the 3 methods used to describe real property?

A

1) Metes and Bounds
2) Government Survey
3) Recorded Plat

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2
Q

How do metes and bounds describe real property?

A

It uses distances and compass degrees moving in a set direction.

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3
Q

Where do metes and bounds begin and end?

A

Point of Beginning (POB)

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4
Q

In a metes and bounds description, what do monuments serve as?

A

Reference points for the surveyor when setting boundaries.

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5
Q

T/F Metes and bounds measures in a counter-clockwise direction.

A

False. Measures in a clockwise direction.

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6
Q

What is another name for government survery?

A

Rectangular Survey

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7
Q

How does government survey describe real property?

A

It uses imaginary reference lines, meridian and base, to create a grid system.

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8
Q

How are townships formed?

A

A township is a square formed by the meeting of range lines and tier lines on a government survey.

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9
Q

T/F A township is a 25 mile square that contains 30 sections.

A

False. A township is a 36 square miles (6 x6) and contains 36 sections.

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10
Q

T/F Each township has 36 sections and there are 640 acres in 1 section of township.

A

True

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11
Q

How many square feet are in an acre.

A

43, 560 square feet

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12
Q

What is another name for a recorded plat description?

A

Lot, Block, Subdivision

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13
Q

What kind of property description is used most often in an urban and residential area?

A

Recorded Plat

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14
Q

How do recorded plats describe real property?

A

It is a map that is created by a survey and shows the location and boundaries of individual lots in a land subdivision.

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15
Q

When is a plat recorded?

A

After the final map is approved but BEFORE building.

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16
Q

What is used to create or confirm a legal description?

A

Survey

17
Q

What is a survey?

A

It is an onsite measurement of property lines and the location of houses, easements, and encroachments.

18
Q

T/F A title survey (ILC) can legally set the property boundaries.

A

False. A title survey is not used to legally set the property boundaries.

19
Q

How is a survey and a title survey (ILC) the same?

A

Both locates improvements, encroachments, and zoning violation on a piece of land.

20
Q

How do you determine the price of parcels of land?

A

Divide 640 by the denominators.

The N 1/2 of the SW 1/4 of the NE 1/4 of the SE 1/4 sold for $8,500. What is the selling price?

640/2/4/4/4 = 5
5 x $8,500 = $42, 500