Legal Descriptions

Section number 1 will always be located in the __________. NE corner of the township. NE corner of the check. SE corner of the township. SW corner of the township

A. Section 1 will always be in the NE corner of the township.

A developer owns 20 acres of land. He was required to set aside 36,000 square feet for roads and sidewalks. If each lot measures 75' x 100', how many lots will he have? 108 111 113 116

B. 20 acres x 43,560 = 871,200 square feet 871,200 - 36,000 = 835,200 75' x 100' = 7,500 square feet in each lot 835,200 ÷ 7,500 = 111.36 lots

The NW1/4 of the SW1/4 of the NE1/4 contains __________. 5 acres 10 acres 40 acres 160 acres

B. 640 ÷ 4 ÷ 4 ÷ 4 = 10 acres

A licensee is listing a vacant city lot. Which method of legal description would MOST LIKELY be found in the deed? Metes and Bounds Lot-and-Block Government Survey Rectangular Survey

B. A lot-and-block survey is used to describe subdivisions and vacant city lots. It is also called a recorded plat because the lot and block number refer to a plat map filed in public records office.

What is the survey method in which the terms principal meridian and base line are used? Metes and Bounds Government Survey Lot-and-Block Point of Beginning

B. Also known as the rectangular survey method, the government survey system describes land through a series of grids. The main line that is the north and south control line is called the Principal Meridian. The main line that is the east and west control line is called the Base Line.

The smallest unit of land in the government survey is the __________. Check Township Section Meridian

C. A section is the smallest unit of land in the government survey which is 1 mile by 1 mile.

The deed stated that the angle of the measurement was "South East for 45 degrees 7 minutes." This type of description would be found in a __________. Lot and Block Rectangular Metes and Bounds Block and Lot

C. Degrees, minutes, and seconds measure the angles in a metes and bounds survey.

When listing it, for which of the following properties would an agent MOST LIKELY recommend a survey of the property? Listing a house in a subdivision. Renting an apartment in a large complex. Listing a farm that last sold in 1930. Leasing a retail space in a mall.

C. If listing a farm that last sold in 1930, an agent should recommend a survey to determine the exact boundary lines.

The SW1/4 of the SE1/4 of the NW1/4 and the S 1/2 of the SE1/4 contains __________. 1.25 acres 10 acres 80 acres 90 acres

D. 640 ÷ 4 ÷ 4 ÷ 4 = 10 acres. 640 ÷ 2 ÷ 4 = 80 acres. 10 acres + 80 acres = 90 acres

Which of the following is false regarding legal descriptions? The metes and bounds legal description is characterized by degrees. The rectangular survey is based on intersecting lines called principal meridian and base line. The lot and block survey is used to record the subdivision of land. Sections that are oversized or undersized are called correctional sections.

D. Sections that are oversized or undersized are called fractional sections not correctional sections.

The deed that a buyer received at closing stated that the property contains 4.5 acres more or less (MOL). The agent recommended that the buyer have the property surveyed, but the buyer refused. The agent had the buyer sign a waiver stating that refusal. Six months after the closing, the buyer had the property surveyed and according to the survey, it is 3.98 acres. Which of the following would MOST LIKELY occur under these circumstances? The buyer would probably win the case if he sued the agent. The buyer would probably win the case if he sued the seller. The buyer should sue the seller and the agent. The buyer owns 3.98 acres of land.

D. The buyer signed a waiver and refused to have the property surveyed. So, there would probably be no legal recourse against the seller or the agent. Whenever there is a mistake in a deed, the most current survey will prevail.

Trees, rivers, iron spikes, and wooden stakes are examples of __________. Metes Bounds Datums Monuments

Monuments

In regard to legal descriptions, POB means __________. Point of Beginning Point of Boundary Point of Building Point of Benchmarks

Point of Beginning

Which of the following statements is incorrect? A mile is 5,280 linear feet. There are 43,650 square feet in one acre of land. The formula for computing square footage is: Area = Length x Width. A section of land contains 640 acres.

There are 43,650 square feet in one acre of land.