CE SHOP UNIT EXAM 3 Describing Real Estate Exam Questions and Answers
5 views 0 purchase
Course
The CE shop real estate
Institution
The CE Shop Real Estate
The Simpsons are buying a five-acre tract that has always been part of a larger parcel. When the owners of the large acreage decided to subdivide it, they needed to have a legal description created for the five-acre lot. What was used as the starting point for creating that legal description? - Ans...
CE SHOP UNIT EXAM 3 Describing Real
Estate Exam Questions and Answers
The Simpsons are buying a five-acre tract that has always been part of a larger parcel.
When the owners of the large acreage decided to subdivide it, they needed to have a
legal description created for the five-acre lot. What was used as the starting point for
creating that legal description? - Answer-A survey
Morty, a land surveyor, was called out to survey a property. After doing some research,
he located the legal description for the property in question. Now, if he could just find
the point of beginning located at the iron pin on the southerly line of state route 117, 30
feet east of the oak tree next to Bear Creek. What type of legal description is Morty
working with? - Answer-Metes and Bounds
Which of the following is a key consideration and starting reference for a metes and
bounds description? - Answer-Point of beginning
If the land is described as "Lot 6 of Block 3 of the East Subdivision plat as recorded in
Map Book 18, Page 11 at the Recorder of Deeds," what type of legal description is
being used? - Answer-Lot & Block
Shannon is reading through paperwork related to her upcoming home purchase, and
she comes across the following: "Southwest quarter of Southwest quarter (SW ¼ of SW
¼) and West Half of Southeast quarter of Southwest quarter (W½ SE¼ SW¼) of
Section Eleven (11), Township Four (4) North of Range Eight (8) West." What did
Shannon just find? - Answer-Legal Description
Datums and benchmarks are used for ______. - Answer-Measuring elevations
What's the point from which elevation is measured? - Answer-Datum
Buyers Tony and Sylvia know the postal address of the property they're purchasing but
are wondering about the legal description of the property. Where is the most likely place
to find the legal description? - Answer-Deed
Which type of legal description do courts prefer? - Answer-Lot and Block
If the land is described as "Beginning at the great oak 60 yards from the center of the
Rock River that runs north to south through the county," what type of legal description is
being used? - Answer-Metes and Bounds
Sunshine Surveyors Inc. created a lot and block survey for a new residential
development, Happy Acres. The first thing the surveyor did when he surveyed the new
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
