Ch 1. Property & Land Characteristics
Which of the following is NOT a voluntary property transfer? Wade passed away last year and left all of his belongings to his children and grandchildren. Jake's son, Jackson, is graduating from college and Jake is giving him his old car. The Smith's put their house on the market and the Johnson family bought it. Barb's condo was foreclosed on and now Barb's bank owns the condo.
Barb's condo was foreclosed on and now Barb's bank owns the condo.
A one-story home with exterior walls measuring 50' in width and 60' in length has a one-car garage that measured 10' in length and 12' in width. What is the living space of the home? Round your answer to the nearest foot. 3,120 sq.ft. 2,978 sq.ft. 2,880 sq.ft. 3,078 sq.ft.
2,880 sq.ft.
How many acres is a rectangular plot of land that is 500 feet deep and 200 feet wide? 18.9 acres 3.2 acres 2.0 acres 2.3 acres
2.3 acres
A two-story home measures 50' in width and 70' in length on the lower level exterior. The interior second level measures 30' in width and 20' in length. The window casings are 6 inches thick. What is the living area of the home? Round your answer to the nearest square foot. 4,436 sq.ft. 4,125 sq.ft. 4,600 sq.ft. 4,106 sq.ft.
4,125 sq.ft.
A two-story home measures 50' in width and 60' in length on the lower level exterior. The interior second level measures 50' in width and 40' in length. The window casings are 5 inches thick. The attached garage measures 20' wide and 12' in length. What is the living area of the home? Round your answer to the nearest square foot. 5,240 sq.ft. 5,038 sq.ft. 4,760 sq.ft. 4,798 sq.ft.
4,798 sq.ft.
Which of the following measurements is equal to 1 acre? 1 township 43,560 square feet 5,280 square feet 1 section
43,560 square feet
What is the acreage of a triangular portion of land with a base measurement of 500 feet and a height of 1000 feet? 5.05 acres 11.48 acres 0.25 acres 5.74 acres
5.74 acres
Which of the following is the smallest subdivision in the lot and block survey system? An addition A lot A plat A block
A lot
What is included in a rentable space measurement? One apartment and garage space A portion of the common areas Only the space one tenant will use in their apartment No closets, storage spaces, or hallways
A portion of the common areas
Bill and Ted are neighbors who are fighting about a fence that Bill is building. Ted claims Bill is building on his property and Bill claims he's not. What type of survey may resolve the dispute? Cadastral Geodetic No survey will Topographic
Cadastral
Which type of survey relies upon measurement and deeds? Geodetic No survey relies on this measurement Cadastral Topographical
Cadastral
Which of the following is not an essential element of a legal description? City All of these elements are required State County
City
Which of the following is a common challenge in using metes and bounds survey methods? Compass directions have to be adjusted for changes in magnetic north. Rods and chains have standardized measurement lengths. Descriptions are written using cryptic and vague language that is often open to interpretation by a lawyer. Survey measuring tools have different lengths in different states.
Compass directions have to be adjusted for changes in magnetic north.
What is a common way to measure areas in real estate? Livable Space Rentable Space All Answers are Correct Usable Space
All Answers are Correct
Which of the following is a land survey? Cadastral Geodetic All of these answers are correct Topographical
All of these answers are correct
Which of the following survey methods can be used to write a legal description of a property? Metes and bounds All of these answers are correct Lot and block Rectangular survey system
All of these answers are correct
Which of the following is true of the perimeter of a property? Perimeter measurements are expressed in acres. Perimeter measurements can be be expressed in area or distance units The perimeter of the property is equivalent to the area of the property. An individual line on a property border can be used as part of an area calculation.
An individual line on a property border can be used as part of an area calculation.
Which of the following is a common challenge in using metes and bounds survey methods? Descriptions are written using cryptic and vague language that is often open to interpretation by a lawyer. Survey measuring tools have different lengths in different states. Rods and chains have standardized measurement lengths. Compass directions have to be adjusted for changes in magnetic north.
Compass directions have to be adjusted for changes in magnetic north.
A legal document that transfers ownership of real property from one party to another is known as what? Deed Record Title Conveyance
Deed
The metes and bounds system originates from which set of laws? The Declaration of Independence French common law English common law The United States Constitution
English common law
The metes and bounds system originates from which set of laws? The Declaration of Independence French common law The United States Constitution English common law
English common law
In metes and bounds terminology, how many measuring rods add up to a chain? Five Ten Four Three
Four
In metes and bounds terminology, how many measuring rods add up to a chain? Ten Four Five Three
Four
Which of the following are not generally used to identify a lot? A letter A number GPS coordinates of the center point A street address
GPS coordinates of the center point
Which of the following is NOT an example of personal property? Stock certificates Car Garage Furniture
Garage
Using the ANSI standards, the _____ will be excluded from the living space. Attic that has been converted to an apartment which houses a tenant Room under the staircase that has an eight-foot ceiling and used for storage Finished basement used as a game room and has central air and heat Garage converted to man cave that is heated with a space heater
Garage converted to man cave that is heated with a space heater
Which of the following surveys take into account the Earth's curvature? None do Cadastral Geodetic Topographic
Geodetic
Which measurements would include the closet and storage space? Usable and Livable No measurements include closet and storage space Rentable and Livable Rentable and Usable
Rentable and Usable
_____ refers to straight line distances between two points, while _____ refers to identifiable lines that follow a feature like a river edge, road, or building. rods; chains chains; rods metes; bounds bounds; metes
metes; bounds
How do you know if something qualifies as personal property? The item is moveable. The item is affixed to the owner's land. The item is under disputed ownership. The item is tangible.
The item is moveable.
An engineering firm has been hired to construct a new freeway. What type of survey will it use to help in the construction? Cadastral Topographical Political Geodetic
Topographical
Which of the following is the correct formula for calculating the area of a trapezoid? ((a + b) / 2) X h (b X h) / 2 (a + b) /2 a^2 + b^2 = c^2
((a + b) / 2) X h
Which of the following is NOT an example of real property? Driveway Garden Couch Mailbox
Couch
How would real property become personal property? Personal property can become real property, but never the other way around. Items do not change, they are permanently either real or personal property. If the real property became moveable goods, such as discovering oil under your land (real property), that you then took and sold in oil drums (personal property). If the real property became goods tied to your land, such as building supplies (real property), that were then used to build a house (personal property).
If the real property became moveable goods, such as discovering oil under your land (real property), that you then took and sold in oil drums (personal property).
What is one characteristic of livable space? It includes your portion of the complex's pool area It includes only space you would commonly use Includes the porch and garage It has the largest space of all methods of measurement
It includes only space you would commonly use
Which of the following is an example of a typical legal description? The house located at 123 Sunrise Lane in Santa Rosa, located in Sonoma County, California. The property located at GPS coordinates N 38, 27, 14.9 W 122, 42, 45.9 Lot 6 of Block 12 in the Sunrise Subdivision plat as recorded in Map Book 4, Page 57 at the Recorder of Deeds, Sonoma County, CA. 123 Sunrise Lane Apartment 2B Santa Rosa, CA 9555
Lot 6 of Block 12 in the Sunrise Subdivision plat as recorded in Map Book 4, Page 57 at the Recorder of Deeds, Sonoma County, CA.
How are individual lot measurements typically surveyed? Metes and bounds GPS mapping One tenth of a mile square grids Rectangular Survey System
Metes and bounds
Which of these survey methods gives a legal description that reads like a walk around the borders of the property? Lot and block Metes and bounds All of these answers are correct Rectangular survey system
Metes and bounds
Which of the following states does NOT use a system of metes and bounds as its primary survey method? Massachusetts Nebraska Virginia Tennessee
Nebraska
Which of the following states does NOT use a system of metes and bounds as its primary survey method? Nebraska Virginia Massachusetts Tennessee
Nebraska
Which type of deed transfers the ownership interest the seller has in the property, but does not promise, warrant, or guarantee that interest? Conveyance deed Quitclaim deed Warranty deed Judgment deed
Quitclaim deed
Which of these is the last step in the voluntary property transfer process? Deliver the executed deed to the new owner. Determine the type of deed to use. Record the newly executed deed. Determine who has the title.
Record the newly executed deed.
The process of breaking up a large plat of land into smaller lots is called what? Subdividing Addition Recording Blockbusting
Subdividing
On which of the following documents would you expect to see a legal description of a property? All of these are correct answers A legal summons envelope A property tax bill The deed
The deed
Using the ANSI standards, which is an example of a measurement error? The living space in the basement was included in the estimated square footage The differing exterior wall dimensions of the first and second floor were added together The unheated space in the basement was excluded from the estimated square footage The square footage of the garage was subtracted from the estimated living space
The differing exterior wall dimensions of the first and second floor were added together
Why may usable space be the best measurement to use when comparing apartments? Usable space includes all the interior space of the apartment including closets, storage spaces and common areas. Usable space includes all the interior space of the apartment including closets and storage spaces. It is only used when a garage is not included with the property. Usable space includes all the interior space of the apartment but does NOT include closets and storage spaces.
Usable space includes all the interior space of the apartment including closets and storage spaces.
You are selling your house. You are confident that your property title is good, and there are no concerning records. What would you use that would be most reassuring to a buyer? Judgment deed Quitclaim deed Warranty deed Conveyance deed
Warranty deed
At what point does a plat become a legal record? At the moment the developer writes down the metes and bounds description When the developer makes the last subdivision At the groundbreaking ceremony When it is recorded with the local government
When it is recorded with the local government
Real property includes all items that would normally remain in place when an owner of real property moves. These items are known as _____. furniture fixtures furnishings fittings
fixtures
_____ refers to straight line distances between two points, while _____ refers to identifiable lines that follow a feature like a river edge, road, or building. metes; bounds rods; chains bounds; metes chains; rods
metes; bounds