chapter 10 real estate

Lakukan tugas rumah & ujian kamu dengan baik sekarang menggunakan Quizwiz!

Each township is further divided into

36 sections.

Which method of legal description is used in subdivisions and is contained in recorded plat maps?

The answer is lot and block. The lot and block method is used for single-family dwellings located in developed subdivisions where plat maps have been recorded in the public records.

A property costs $34,848 per acre. What is the cost per square foot of the property?

The answer is $0.80. $34,848 ÷ 43,560 square feet in an acre = $0.80.

The following three types of legal descriptions are used today:

(1) metes-and-bounds, (2) government survey system, and (3) lot and block description.

Assessor's Parcel Number

A numerical ID assigned to each parcel of land within a tax district used to prepare tax maps.

What term is used to describe fractional pieces of land less than a full quarter section located along the banks of lakes and streams?

Government lot

Which government office assigns parcel ID numbers to land within a tax district?

Property appraiser

Which range is farthest from the intersection of the principal meridian and the base line?

R22W

Which partial description describes a vertical strip of land six miles wide that touches where the principal meridian and base line intersect?

Range 1 East

A line pointed in the direction opposite North 20 degrees East is

South 20 degrees West.

How many acres are in a parcel described as the SW¼ of the NE¼ of the SE¼?

The answer is 10. 640 ÷ 4 ÷ 4 ÷ 4 = 10 acres.

Which section is located directly south of section 1?

The answer is 12. Section 12 is located directly south (below) section 1.

How many acres are in a parcel described as the SW¼ of the NE¼ and the SE¼ of the S½?

The answer is 120. 640 ÷ 4 ÷ 4 = 40 acres; 640 ÷ 4 ÷ 2 = 80 acres; 40 + 80 = 120 acres.

Which description BEST fits if one were to shade in sections 14, 15, 16, and 17 of a township?

The answer is rectangle. The sections are contiguous and form a horizontal strip that is longer on two sides, forming a rectangle.

Which direction describes a range?

Vertical

Township also describes

a square that is six miles on each side (six miles square) and contains 36 square miles (

A check is a square six miles on each side.

f

A survey of real property is a questionnaire about the property's location.

f

Tax maps are based on legal descriptions in recorded deeds.

f

The opposite of N 15⁰ 25′ 20″ W is N 45⁰ 25′ 20″ E.

f

Township T3S, R2E is located in the second tier south of the base line and the third range east of the principal meridian.

f

A property costs $26,136 per acre. Therefore, the property costs $0.75 per square foot.

f, $26,136 ÷ 43,560 = $0.60 per square foot.

An acre contains 44,575 square feet.

f, An acre contains 43,560 square feet.

Each township measures 36 miles on each side.

f, Each 36-square-mile township measures six miles on each side.

The section immediately south of Section 2 in a given township is Section 10.

f, The section immediately south of Section 2 is Section 11.

The government survey system method of legal description relies on

intersecting north-south and east-west lines that form a grid system.

metes-and-bounds description

is the oldest method of land description.

Metes-and-bounds is the

most accurate method to describe both regularly and irregularly shaped parcels.

To calculate the acreage in a government survey legal description

multiply the denominators of each fraction together and then divide 640 by the result.

A section is a square that is

one mile on each side and contains one square mile or 640 acres.

To Remember: Township and Range Lines

range is vertical

A section contains 640 acres.

t

Description of lot and block numbers is a type of legal description.

t

Each parcel of land on a tax map is assigned an assessor's parcel number.

t

In a metes-and-bound description, metes refers to distance.

t

North 15 degrees 25 minutes 20 seconds West is written in symbols as N 15⁰ 25′ 20″ W.

t

Range lines run north and south (vertical lines) six miles apart.

t

The purpose of a legal description is to specify a particular parcel of land with sufficient detail so that it will be accepted by a court of law.

t

To reduce errors and potential liability, real estate licensees should refer to a reliable document for a full and accurate legal description when inserting the legal description into sale contracts.

t

There are 130,680 square feet in 3 acres.

t, 43,560 square feet × 3 acres = 130,680 square feet.

There are 20 acres in the legal description S 1/2 of the SE 1/4 of the NE 1/4 of section 10.

t, 640 ÷ 2 ÷ 4 ÷ 4 = 20 acres.


Set pelajaran terkait

TX GOVT 2306, Chap. 11, Homework, Prof. Clark, DMC

View Set

MUS 110 CH 20 Listening Study Guide: LG 9 Handel: Messiah No. 18 "Rejoice greatly", No. 44, "Hallelujah"

View Set

Chapter 3: Legal, Ethical, and Professional Issues in Information Security

View Set

Quill: Furthermore, In Addition, & Moreover

View Set

Steps to vitamin D synthesis and it's effects

View Set