Unit 10 Flashcards Preview

Real Estate Pre-Licensure > Unit 10 > Flashcards

Flashcards in Unit 10 Deck (48):
1

The way to determine the identity of a property is called a:

legal description

2

A legal description identifies a property’s:

location, measurements, and all necessary location information to identify a plot of land

3

A legal description, as a form of identification, is used on:

legal papers like contracts, deeds and title insurance policies for a particular property.

4

Legal description would be executed using one of the three methods. In some cases a combination of methods is used. The basic methods are:

Metes and bounds
Rectangular Government survey
Lot and Block number on a plat map

5

The oldest of all the measuring systems used in the United States. It relies on monuments and point of beginning. It includes compass readings in degrees, minutes and seconds. Surveyors use specific equipment to measure the direction and angles.

metes and bounds system

6

refers to distance while bounds refers to a direction

metes

7

In metes, a surveyor begins at a starting point called the :

point of beginning (POB)

8

How does the survey begin and end?


A surveyor begins at a starting point called the point of beginning (POB). The measurements are done in a 360° reading of the compass with north being both 0° and 360°. The survey ends at the place it started- the Point of Beginning or POB. Monuments, are used to establish this point of beginning, but are considered least reliable since monuments sometimes disappear.

9

fixed objects or physical things

monuments

10

Give examples of Monuments.

The Old Dutch Mill, the Stone Fence, the stately old pine

11

used to describe the direction of boundary lines using a circle (360 degrees).

Compass directions

12

used to indicate a change in direction

thence

13

The numbers in degrees are _____________ , based on a 360° circle.

compass headings

14

The system is arranged in a series of grids with lines going north and south and other lines going east and west. Principal Meridians run North and South and Base lines run East and West.

Rectangular Government Survey

15

In the Rectangular Government Survey, there are ______ sets of principal meridians in the United States.

36

16

In the Rectangular Government Survey, to correct for the curvature of the earth, guide meridians are drawn every _______ miles east and west of the principal meridians and offset the principal meridian by 50 feet m/l.

24

17

In the Rectangular Government Survey, correction lines running east and west are located every _____ miles north and south more or less of the base line.

24

18

Each 24x24 square created by these guide meridians and correction lines is called a:

check

19

In the Rectangular Government Survey, Florida's measurement begins in __________ where the Tallahassee Principal Meridian runs North and South. The Tallahassee baseline runs East and West.

Tallahassee

20

The Principle Meridian runs:

North and South

21

The baseline runs:

East and West

22

lines drawn north and south; east and west are called:

range lines

23

__________ run north and south linearly (a vertical line) and are numbered consecutively from the east and the west with Range 1E being on the east of the Tallahassee Principal Meridian and R1W being on the West side of the Principal Meridian.

Ranges

24

__________ run east and west linearly (a horizontal line).

Township lines

25

Range lines and township lines are drawn off the correction lines and guide meridians and are _____ miles apart.

six

26

____________ are numbered north and south with township 1 north and township 1 south located immediately above and below the baseline and number consecutively north and south

Townships

27

Within the joining of a township and range line, a Township is formed by the forming of a _______ tier.

N/S E/W

28

How is a township formed?

A township is 36 square miles.
A township is then divided into 36 sections.
Sections are numbered from front upper right to left and across a township in a back and forth movement. Each section is one mile square and contains 640 acres. Each acre contains 43,560 square feet. Within these sections are also corrections for the earth’s shape.

29

The section is the basis for a ____________.

legal description

30

Suppose you want to buy 1/4 of a section. What would the legal description read and what would the amount of land be?

SW1/4 of Section 28. The amount of land would be 1/4 of 640 acres= 160 acres.

31

Irregularly shaped parcels of land, usually fronting on water, which could not be divided practically into sections under the government survey system. They represent areas which would not be divided practically using the method above and may be supplemented with a “metes and bounds” description.

Fractional Government Lotts

32

This system utilizes a map referred to as a plat map. The Plat Map is laid out with a complete legal description by section, number, etc.

lot and block system

33

How is the Plat Map laid out?

The Plat Map is laid out with a complete legal description by section, number, etc. However, once the plat has a complete legal description, smaller areas in the plat are referred to as "subdivision A". Each lot within that subdivision refers to the lot and block where the property is located. An example would be Lot 12, Block 6, Quiet Village Subdivision, Jacksonville, FL.
Each plat is recorded in the county where the property is located so that anyone wishing to find the full legal description can refer to that plat.

34

To aid in the assessment of property for tax collection, each piece (parcel) of land is given a _____________.

Parcel Number

35

The tax maps indicating these parcel numbers are based on: L

the recorded plat maps as well as other land recorded in the county.

36

Every property has a parcel number. Associated with it is:

the owner's name and address of record; the assessed value of the land and structures are also recorded so that the county will know how much land accompanies each parcel. This determines the amount of tax money available to each taxing entity.

37

To speed up the surveying process, surveyors use a short cut known as:

bench marks.

38

A permanent brass plate, placed in the ground and it notates the feet above sea level at that location. The surveyor can then start here in order to determine elevation (feet above sea level.)

bench mark

39

The level plain which is used by the bench mark to determine elevation and from which surveyors measuring begins.

Datum

40

To determine the acreage within a section, calculate:

The number by multiplying the denominators (lower number) of the fractions in a legal description and divide that number into 640 acres in a section of land.

41

How would you determine the acreage within E 1/2 of the NW1/4 of the NE 1/4 of the SW1/4 of Sec. 36?

Solution is 2x4x4x4 = 128 640/128 = 5 acres

42

What is an alternate method to find the total acres in a section?

(640) and multiply it by ½ (or .5), then by ¼ (or .25), then ¼ (.25) then by ¼ (.25)
Solution: 640 x .5 = 320 X .25 =80 x .25 = 20 x.25 = 5 acres

43

When calculating total acreage, more than one portion of a section may be used. i.e. the NW ¼ of the SW ¼ of the NE ¼ and the NW ¼ of the NW ¼ of the SW ½ of section ____, Township ___ Range ___
This requires an extra step as the term “AND” refers to:

the addition of another area and makes a large difference in finding your total acreage.

So. . . 4 X 4 X 4 =64; 640/64 = 10 acres and 4 X 4 X 2 = 32; 640/32 = 20 acres

44

Formulas to Remember
Area is always expressed in:
Area of a rectangle is Area = ___________
Area of a triangle is Area = ____________
Volume is always expressed in:
Volume of a rectangle is Volume = ____________
Volume of a triangular prism is Volume = _____________

Formulas to Remember
Area is always expressed in square feet or square yards
Area of a rectangle is Area = length x width
Area of a triangle is Area = 1/2 base x height
Volume is always expressed in cubic feet or cubic yards
Volume of a rectangle is Volume = length x width x depth
Volume of a triangular prism is Volume = 1/2 base x height x depth

45

Important Measurements
1 mile = ______ feet
1 square yard = ____ square feet
1 cubic yard = ____ cubic feet
1 square mile = ____ acres
1 acre = _______ square feet.

Important Measurements
1 mile = 5,280 feet
1 square yard = 9 square feet
1 cubic yard = 27 cubic feet
1 square mile = 640 acres
1 acre = 43,560 square feet.

46

How many acres are in a piece of property measuring 620' x 430'?

Answer is 6.12 acres. The problem asks for the area in acres; 620' x 430' = 266,600 square feet. Divide the square footage of the area given by the amount of square feet in an acre 43,560.
266,600/43,560 = 6.12

47

A lot contained 600 square yards and had a frontage of 40 feet. If the lot was rectangular in shape, what would be the length of the lot measure?

First, convert square yards into square feet 600 x 9 = 5400 square feet.
Area = length x width so if area is known then the formula becomes area ÷ width = length or 5400 ÷ 40 = 135 feet.

48

How many acres of land are there in the S 1/2 of the N 1/2 of the SW 1/4?

Take 2x2x4=16. Divide 640 by 16= 40 acres.