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부동산

Chapter 2 Review (2)

2019.05.04 21:22 Views : 163

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 2075
Notice 부동산 용어 (A to Z) 2019.03.03 1321
231 Chapter Conclusion Chapter 16 2019.04.29 194
230 Chapter 16 Quiz 2019.04.29 1142
229 Real Estate Practice - 36 (Understanding-Answers) 2019.04.29 117
228 Real Estate Practice - 37 (Understanding-Answers) 2019.04.29 92
227 Chapter Conclusion Chapter 17 2019.04.29 232
226 Chapter 17 Quiz 2019.04.29 261
225 Real Estate Practice - 38 (Understanding-Answers) 2019.04.29 97
224 Real Estate Practice - 39 (Understanding-Answers) 2019.04.29 202
223 Chapter 18 Conclusion 2019.04.29 1006
222 Review Quiz - BOOK 2 2019.04.29 4746
221 Law 1 2019.05.02 143
220 Law 2 2019.05.03 207
219 Law 3 2019.05.03 127
218 Law 4 2019.05.03 118
217 Law 5 2019.05.03 86
216 Law 6 2019.05.03 115
215 Quiz Law 1 2019.05.03 5928
214 Real Estate Law 1 2019.05.03 163
213 Real Estate Law 2 2019.05.04 577
212 Real Estate Law 3 2019.05.04 181
211 Real Estate Law 4 2019.05.04 326
210 Real Estate Law 5 2019.05.04 122
209 Real Estate Law 6 2019.05.04 158
208 Chapter 2 Review 2019.05.04 134
» Chapter 2 Review (2) 2019.05.04 163
206 Chapter 2 Review (3) 2019.05.04 161
205 Chapter 2 Review (4) 2019.05.04 131
204 Chapter 2 Review (5) file 2019.05.04 166
203 Quiz Law 2 2019.05.04 5671
202 Real Estate Law 7 2019.05.05 127