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Real Estate > Unit 5 > Flashcards

Unit 5 Flashcards

1
Q

when is land description legally sufficient?

A

Courts have stated that a description is legally sufficient if it allows a competent surveyor to locate the property by defining the exact boundaries of the property

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2
Q

What are the 3 basic methods used to describe real est

A
  1. Metes and Bounds. 2. Rectangular (or government) survey . Lot and Block (recorded
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3
Q

How many methods to describe real estate?

A

3

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4
Q

Can each method be used independently or combined?

A

Yes Each method can be used independently or may be combined.

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5
Q

can states use all 3 of the methods?

A

Yes states may use any or all of these methods.

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6
Q

What kind of land description is meets and bound ?

A

The oldest type of legal description

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7
Q

Metes

A

means distance

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8
Q

bounds

A

means compass direction or angles

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9
Q

What method relies on a properties physical features to determine the boundaries and measurement of a parcel

A

Metes and bounds

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10
Q

metes and bound legal description starts at a designated place on the parcel called ?

A

Point of Beginning (POB).

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11
Q

Is the pob the same place as the point of ending?

A

the point of beginning and point of ending are the same place.

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12
Q

boundaries are recorded by

A

referring to linear measurements, natural and artificial landmarks (called monuments) and directions

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13
Q

Why do metes and bounds legal description ends at the point of beginning ?

A

so that the parcel is completely enclosed.

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14
Q

Monuments are?

A

are fixed objects used to identify the POB, all corners of the parcel or ends of boundary segments or the location of intersecting

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15
Q

Today, monuments are made out of?

A

iron pins or concrete posts

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16
Q

Who places the monuments today?

A

the US Corps of Engineers

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17
Q

Is this a example of a mete and bound?
Beginning at a point (POB) on the North side of Newberry Street 100.50 feet East from the corner formed by the intersection of the East boundary of Peter Road and the North boundary of Newbery Street; then East 90 degrees, 15 minutes, 3 seconds, 200.05 feet; then direct to the POB.

A

yes

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18
Q

Rectangular (Government) Survey System ?

A

established by Congress in 1785 to standardize the description of land acquired by the newly formed federal government.

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19
Q

What are two sets of intersecting lines the Rectangular (Government) Survey System are based on

A

principle meridians and base lines

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20
Q

Which way does principle meridians run?

A

north and south

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21
Q

Base lines run?

A

east and west

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22
Q

Principle meridians and base lines are located by reference degrees of?

A

longitude and latitude.

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23
Q

Are the meridian used always the nearest one

A

No The meridian used may not necessarily be the nearest one

24
Q

What are the four Further divisions are:

A

. 1. Townships

2. Ranges
3. Sections
4. Quarter Section Lines
25
Q

Rectangular (Government) Survey System Township Tiers:

A

Township lines are lines running east and west parallel to the base line and six miles apart.

The strips of land between township lines are called township tiers.

Township tiers are designated by consecutive numbers north or south of the base line.

EXAMPLE: The strip of land between 6 and 12 miles north of a base line is Township 2 North

26
Q

Rectangular (Government) Survey System Ranges

A

The land on either side of a principal meridian is divided into six mile wide strips by lines north and south that are parallel to the principal meridians. The resulting land strips are called ranges

They are designated by consecutive numbers east or west of the principal meridian.

EXAMPLE: The strip of land between 12 and 18 miles east of a the principal meridian is Range 3 East

27
Q

How many miles wide is the principal meridian is divided into ?

A

6 miles wide strips by lines North and south that are parallel to the principal meridians. The resulting land strips are called ranges

28
Q

Township Tiers: run which way?

A

Township lines are lines running east and west parallel to the base line and six miles apart.

29
Q

The strips of land between township lines are called?

A

township tiers.

30
Q

Township tiers are designated

A

consecutive numbers north or south of the base line.

31
Q

Township squares are formed from?

A

from the intersection of township and range lines.

32
Q

What are basic units of the rectangular survey system.

A

Township squares

33
Q

township squares Size?

A

6 miles square and contain 36 square miles (23,040 acres).

34
Q

each township is given how many legal description

A

3

35
Q

What are the 3 legal description of each township

A
  1. Designation of the township tier in which the township is located.
  2. Designation of the range strip
  3. Name or number of the principal meridian for that area
36
Q

How many sections does township have?

A

Each township contains 36 sections

37
Q

Can township squares be divided

A

yes

38
Q

How are township squares divided?

A

subdivided into sections and subsections called halves and quarters that can be further divided.

39
Q

How many acres is a section in township square

A

(36 sections ) 1 square mile or 640 acres.

40
Q

are township squares numbered?

A

Sections are numbered 1 through 36.

41
Q

What section in the township square is always the northeast corner section

A

Section 1

42
Q

What is section 16 set aside for?

A

school purposes and is called the “school section”.

43
Q

How are the township sections divided?

A

into halves (320 acres) and quarters (160 acres).

44
Q

Do you divide the section of township after you already divided it?

A

yes the halves and quarters is divided into halves and quarters
EXAMPLE:

The southeast quarter of a section which is a 160 acre tract is noted as SE1/4.

The SE1/4 of SE1/4 of SE1/4 of section 1 is a ten acre tract.

45
Q

Do you start at the end to read the Rectangular Survey:

A

yes To read a rectangular survey legal description start at the end and read it backwards.

46
Q

Legal descriptions should always include what?

A

name of the county and state in which the land is located

47
Q

Why should you include the name of the county and state in which the land is located on the legal description?

A

because meridians often relate to more than one state and/or base line.

48
Q

What should you do if it is a Lengthy legal descriptions

A

it can be identified as an attachment to a contract.

49
Q

Who is responsible for verifying legal descriptions with the title company and ensuring that the deed identifies the correct legal description prior to an at the closing.

A

Real estate licensees

50
Q

What also is the Lot and Block System called?

A

recorded plat.

51
Q

subdivisions often use?

A

lot and block system

52
Q

A subdivision plat is prepared by

A

licensed surveyor or engineer

53
Q

How are lot and block numbers referred to?

A

in a plat map recorded and filed in the public records of the county where the land is located.

54
Q

How are the lot and block system divided into?

A

into numbered or lettered lots and blocks with streets and other public use areas noted.

55
Q

When the subdivision plat is properly signed and approved what happens next?

A

it is recorded in the county where the land is located.

56
Q

When The land on either side of a principal meridian divided into six mile wide strips by lines north and south that are parallel to the principal meridians. it is called?

A

Ranges

57
Q

Ranges are designated by what?

A

consecutive numbers east or west of the principal meridian.

Real Estate (12 decks)

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