Texas Principles of Real Estate 1 Chapter 8 Questions with Answers
7 views 0 purchase
Module
Texas Principles of Real Estate 1 Chapter 8
Institution
Texas Principles Of Real Estate 1 Chapter 8
A C.L.U.E. report advises a customer on: - up to seven years of claims history on a property
A licensee is liable for a misrepresentation or concealment of a material fact made by a party to a real
estate transaction in which of these circumstances? - The licensee knew of the concealment or
misr...
Texas Principles of Real Estate 1 Chapter 8
A legal description is required for - ✔✔Public recording
Creating a valid deed of conveyance or lease
Completing mortgage documents
Executing and recording other legal documents
A legal description of real property is - ✔✔accurately locates and identifies the boundaries of the
subject parcel to a degree acceptable by courts of law in the state where the property is located. Must
be included in a sales contract.
Acre - ✔✔43,560 square feet; 160sq rods
ALTA/ACSM Survey - ✔✔This is a very detailed survey often required by lending institutions and is
strictly geared towards companies purchasing commercial property. Standards created by the American
Land Title Association (ALTA) and the American Congress of Surveying and Mapping (ACSM) are used to
create this type of survey. The location of all improvements in relation to property lines as well as any
easements and setback requirements are shown on this survey as well as any encroachments that exist.
base parallel or base line - ✔✔is the designated line for identifying townships. There is a base parallel
for each principal meridian.
Boundary Survey/Monumentation - ✔✔is the establishment of permanent on-the-ground objects that
mark exact location or surveyed points and lines.
Cadastral Land Surveys - ✔✔typically contain much more information. While house location maps give
property owners a sense of what is present and where, a cadastral document shows exactly where
boundaries, easements, and property lines are located. Surveyors typically go to the property and make
real-time measurements, which are compared with archived land records to create a more complete
picture of what is located where.
Chain - ✔✔66 feet, 4 rods, 100 links
, Construction Survey - This survey uses - ✔✔surveying techniques to stake out buildings, roads, walls,
utilities, etc. This includes horizontal and vertical grading, slope staking, and final as-built surveys.
Cu Yard - ✔✔27 Cu Feet
Geographic Positioning System - ✔✔GPS surveys use portable receiving antennas to gather data
transmitted from satellites which are used to calculate the position of the object being located on the
surface of the earth. The receiving antennas can be miles apart and still obtain very accurate data. GPS
surveys are used to establish coordinate control points for the State Plane Coordinate Systems, large
boundary surveys, and subdivision surveys. It can also be used to collect data for Geographic
Information Systems / Land Information Systems (GIS/LIS), such as the location of streets, homes,
businesses, electric, phone & gas utilities, water & sewer systems, property lines' soil & vegetation
types, water; courses, etc. This data can be used in future planning, preservation and development.
House Location Survey - ✔✔which is also sometimes called a drive-by survey, is designed to show the
location of the house and other large structures on the property, as well as the orientation of those
structures in relation to each other.
In the rectangular survey method, how large is a township in square miles and how large is a township
section? - ✔✔A township is 36 square miles and a section is one square mile or 640 acres.
Land surveys have many applications. They are used to assess: - ✔✔Boundaries for properties
Topography for engineering designs
Outline elevations for flood insurance for home sites
Title for real estate transactions, subdivisions and other construction projects
They are also used to assign government measurements to public land.
Location Survey - ✔✔A location survey is boundary survey with the additional location of all the interior
improvements. Missing corner markers are replaced. The surveyor will prepare a map showing the
boundaries and improvements. This type of survey may be required for obtaining a loan.
Lot and Block Method or recorded plat method - ✔✔this system is used to describe properties in
residential, commercial and industrial subdivisions.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller martinndungu1986. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £7.34. You're not tied to anything after your purchase.
