Exam (elaborations)
PA RE Fundamentals Quiz -4 (1)
- Course
- Institution
PA RE Fundamentals Quiz -4 (1)
[Show more]
Seller
Follow
modockochieng06
Content preview
PA RE Fundamentals Quiz #4A metes-and-bounds description always ends at the point of beginning (POB).
a. True
b. False - ANS-A. TRUE
A metes-and-bounds description relies on the physical features of a property to determine the
boundaries and measurements of the parcel of land. A metes-and-bounds description always
ends at the POB so that the parcel being described is completely enclosed.
Metes-and-bounds descriptions are very simple to interpret because they contain compass
directions of boundary lines.
a. True
b. False - ANS-B. FALSE
Metes-and-bounds descriptions can be very complex and should be handled with extreme care.
Descriptions can be difficult to understand when they contain compass directions of boundaries
and concave or convex boundary lines.
The recorded plat system uses lot and block numbers referred to in a plat map filed in the
recorder of deeds office.
a. True
b. False - ANS-A. TRUE
The lot-and-block description (or recorded plat system) uses lot and block numbers referred to
in a plat map filed in the recorder of deeds office in the county where the land is located.
The recorded plat system was established to provide a standard method of describing all land
conveyed to or acquired by the federal government.
a. True
b. False - ANS-B. FALSE
The rectangular survey system, sometimes called the government survey method, was
established to provide a standard method of describing all land conveyed to or acquired by the
federal government.
Legal descriptions should not be created, altered, or combined without adequate information
from a surveyor or title attorney.
, a. True
b. False - ANS-A. TRUE
Legal descriptions should not be created, altered, or combined without adequate information
from a surveyor or title attorney. In Pennsylvania, a land surveyor is a licensed professional who
is an expert in measurement and boundary issues.
Surveys are legally required to transfer title to real estate.
a. True
b. False - ANS-B. FALSE
Although surveys are not legally required to transfer title to real estate, surveys are used in a
variety of situations. They are required when a portion of a tract of land is conveyed. Lenders
require surveys to identify with certainty the real estate to be used as security for a mortgage
loan.
Surveys are used to determine the legal description of the land on which a particular building is
located, and whether an improvement extends or intrudes beyond a building line or property
line.
a. True
b. False - ANS-A. TRUE
Surveys are used to determine the legal description of the land on which a particular building is
located; they indicate the location where a new building is to be constructed; and they indicate
the location of roads and highways. Surveys also are used to determine whether there are any
encroachments.
A survey can provide information for determining whether the property will satisfy the
purchasers' intended use.
a. True
b. False - ANS-A. TRUE
A survey can provide information that a buyer needs for determining whether the property will
satisfy the intended use. If the construction of a particular kind of building or other improvement
cannot be accommodated or the parking or open area is insufficient to meet zoning
requirements, the buyer could be injured financially.
An owner may subdivide the air above the land into air lots.
a. True
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 or Stuvia-credit 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 modockochieng06. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78140 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now