Unit 4 Property Description Flashcards
1
Q
An exact way of describing real estate in a contract, deed, mortgage, or another document that will be accepted by a court of law is called A a survey. B a legal description. C an informal reference. D principal meridian.
A
B a legal description.
2
Q
In a sales contract, which of the following is an acceptable legal description of property? A MLS number of the listed property B “Johnson property on Maple Street” C Metes-and-bounds description D Lot number
A
C Metes-and-bounds description
3
Q
A monument is used in which of the following types of legal descriptions? A Lot and block B Metes and bounds C Rectangular survey D Government survey
A
B Metes and bounds
4
Q
In describing real estate, the system that uses feet, degrees, and natural markers is the A rectangular survey. B metes-and-bounds description. C government survey. D lot and block system.
A
B metes-and-bounds description.
5
Q
If the property being transferred is residential property within an established subdivision, the most commonly used legal description would be A street address. B metes-and-bounds. C reference to a recorded plat. D reference to a recorded deed.
A
C reference to a recorded plat.
6
Q
A street address would be adequate property description for a A short-term lease. B sales contract. C special warranty deed. D deed of trust.
A
A short-term lease.
7
Q
Which method of legal description is NOT used in North Carolina? A government survey system B metes and bounds C informal reference D reference to recorded plat
A
A government survey system
8
Q
When surveying land, a surveyor refers to the principal meridian that is
A nearest the land being surveyed.
B in the same state as the land being surveyed.
C not more than 40 townships or 15 ranges distant from the land being surveyed.
D within the rectangular survey system area in which the land being surveyed is located.
A
D within the rectangular survey system area in which the land being surveyed is located.
9
Q
The section due east of Section 13 is A Section 12. B Section 14. C Section 18. D Section 24.
A
C Section 18.
10
Q
In describing real estate, the system that may use a property’s physical features to determine boundaries and measurements is A rectangular survey. B metes-and-bounds. C government survey. D lot-and-block.
A
B metes-and-bounds.
11
Q
A section A is one square mile. B has 640 acres. C is part of a township. D all of these.
A
D all of these.
12
Q
If the local market value of undeveloped land is $25,000 per acre, what is the value of a lot that has 21,780 square feet? A $12,500 B $15,755 C $215,422 D $544,500
A
A $12,500
13
Q
Two equal-sized rooms need to be recarpeted at a cost of $25 per square yard. Each room is 12'×14'. What is the total cost of the carpeting? A $467 B $934 C $4,200 D $8,400
A
B $934
14
Q
A buyer purchased a half-acre parcel for $2.15 per square foot. What was the selling price of the parcel? A $774 B $46,827 C $1,376 D $93,654
A
B $46,827
15
Q
A rectangular parcel of land was purchased that contained 350 acres with 1,300 feet of road frontage. An investor wants to buy the neighboring rectangular tract that has the same depth but has 6,000 feet of road frontage. How many acres are in the tract of land that the investor wants to buy? A 1,430 acres B 1,615.4 acres C 1,815.3 acres D 1,840 acres
A
B 1,615.4 acres
