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부동산

Chapter 2 Review (2)

2019.05.04 21:22 Views : 170

Chapter Review

A legal description of real property is one which 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.

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

The Public Land Survey System (PLSS) is the method traditionally used over the largest part of the United States to survey and classify land parcels and is occasionally referred to as the rectangular survey.

The three accepted methods of legally describing parcels of real estate are:

  • Metes and bounds - A metes and bounds description identifies the boundaries of a parcel of real estate using reference points, distances, and angles
  • Rectangular survey system, or government survey method - The federal government developed this method to simplify and standardize property descriptions as a replacement for the cumbersome and often inaccurate metes and bounds method. The system was further modified to facilitate the transfer of large quantities of government-owned western lands to private parties.
  • Lot and block method, or recorded plat method – This system is used to describe properties in residential, commercial, and industrial subdivisions.
No. Subject Date Views
Notice 부동산 용어사전 2019.04.15 2202
Notice 부동산 용어 (A to Z) 2019.03.03 1442
231 Chapter Conclusion Chapter 16 2019.04.29 211
230 Chapter 16 Quiz 2019.04.29 1159
229 Real Estate Practice - 36 (Understanding-Answers) 2019.04.29 129
228 Real Estate Practice - 37 (Understanding-Answers) 2019.04.29 106
227 Chapter Conclusion Chapter 17 2019.04.29 252
226 Chapter 17 Quiz 2019.04.29 274
225 Real Estate Practice - 38 (Understanding-Answers) 2019.04.29 108
224 Real Estate Practice - 39 (Understanding-Answers) 2019.04.29 213
223 Chapter 18 Conclusion 2019.04.29 1021
222 Review Quiz - BOOK 2 2019.04.29 4761
221 Law 1 2019.05.02 151
220 Law 2 2019.05.03 220
219 Law 3 2019.05.03 143
218 Law 4 2019.05.03 137
217 Law 5 2019.05.03 99
216 Law 6 2019.05.03 127
215 Quiz Law 1 2019.05.03 5938
214 Real Estate Law 1 2019.05.03 173
213 Real Estate Law 2 2019.05.04 593
212 Real Estate Law 3 2019.05.04 199
211 Real Estate Law 4 2019.05.04 338
210 Real Estate Law 5 2019.05.04 135
209 Real Estate Law 6 2019.05.04 169
208 Chapter 2 Review 2019.05.04 150
» Chapter 2 Review (2) 2019.05.04 170
206 Chapter 2 Review (3) 2019.05.04 167
205 Chapter 2 Review (4) 2019.05.04 140
204 Chapter 2 Review (5) file 2019.05.04 176
203 Quiz Law 2 2019.05.04 5682
202 Real Estate Law 7 2019.05.05 138