Ryan Fryer
Quiz by , created more than 1 year ago

300 Real Estate Quiz on Chapter 4, created by Ryan Fryer on 15/09/2015.

40
0
0
Ryan Fryer
Created by Ryan Fryer over 8 years ago
Close

Chapter 4

Question 1 of 16

1

A monument is used in which type of legal description?

Select one of the following:

  • Lot and block

  • Metes and bounds

  • Rectangular survey

  • Street address

Explanation

Question 2 of 16

1

The least acceptable method for identifying real property is

Select one of the following:

  • rectangular survey

  • metes and bounds

  • street address

  • lot and block

Explanation

Question 3 of 16

1

An acre containts

Select one of the following:

  • 160 sq feet

  • 43,560 sq feet

  • 640 sq feet

  • 360 degrees

Explanation

Question 4 of 16

1

A datum is

Select one of the following:

  • used in the description of an ai lot

  • measured in New York only

  • a calendar method of measurement

  • all of these

Explanation

Question 5 of 16

1

In describing real estate, a system that uses feet, degrees and monuments is

Select one of the following:

  • rectangular survey

  • metes and bounds

  • government survey

  • lot and block

Explanation

Question 6 of 16

1

A woman purchased a 4.5 acre of land for which she paid $78,400. an Adjoining owner wants to purchase a strip of her land measuring 150 ft. by 100 ft. What should this strip cost the adjoining owner if the woman sells it for the same price she originally paid for it?

Select one of the following:

  • $3,000

  • $6,000

  • $7,800

  • $9,400

Explanation

Question 7 of 16

1

A property contained ten acres. How many 50-foot-by-100-foot lots can be subdivided from the property if 26,000 square feet were dedicated for roads?

Select one of the following:

  • 80

  • 81

  • 82

  • 83

Explanation

Question 8 of 16

1

At $800 per acre, a lot that is 264 feet wide and 660 feet long would cost

Select one of the following:

  • $1,320

  • $1,584

  • $3,200

  • $4,356

Explanation

Question 9 of 16

1

A map that shows the location, size, and shape of buildings located on a lot is called a

Select one of the following:

  • survey sketch

  • legal description

  • plat map

  • spot survey

Explanation

Question 10 of 16

1

A description meets the standard of being legally sufficient if a

Select one of the following:

  • buyer identify the property by the property address

  • title company certifies the description

  • competent surveyor can locate the parcel using the description

  • real estate licensee can locate the parcel

Explanation

Question 11 of 16

1

The legal description in the documents for each transfer of property must

Select one of the following:

  • be copied from a mortgage document

  • be identical to the one used in prior transfers

  • give a description in lots and blocks

  • be certified by a title officer

Explanation

Question 12 of 16

1

All of the following are basic components of a metes-and-bounds description except

Select one of the following:

  • tangible and intangible monuments

  • base lines, principle meridians, and townships

  • degrees, minutes, and seconds

  • a point of beginning

Explanation

Question 13 of 16

1

The point or surface from which elevations are measured is called a

Select one of the following:

  • datum

  • monument

  • benchmark

  • meridian

Explanation

Question 14 of 16

1

A brass marker that surveyors use to mark local datums is called a

Select one of the following:

  • monument

  • meridian

  • keystone

  • benchmark

Explanation

Question 15 of 16

1

What system uses a property's physical features to determine boundaries and measurements?

Select one of the following:

  • Rectangular survey system

  • Lot-and-Block recorded play system

  • Metes-and-bounds method

  • Multiple listing service

Explanation

Question 16 of 16

1

The least specific method for identifying real property is

Select one of the following:

  • rectangular survey

  • metes and bounds

  • street address

  • lot and block

Explanation

Previous
Next