today:
44
yesterday:
158
Total:
1,001,298

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
290 Real Estate Practice -5 (Understanding-Answers) 2019.04.12 42
289 Chapter 2 Quiz 2019.04.12 213
288 Real Estate Practice -6 (Understanding-Answers) 2019.04.12 57
287 Real Estate Practice - 7 (Understanding-Answers) 2019.04.12 65
286 Real Estate Practice - 8 (Understanding-Answers) 2019.04.13 51
285 Chapter 3 Quiz 2019.04.13 327
284 Real Estate Practice - 9 (Understanding-Answers) 2019.04.13 45
283 Using the Internet 2019.04.13 42
282 Real Estate Practice - 10 (Understanding-Answers) 2019.04.13 41
281 Chapter 4 Quiz 2019.04.13 117
280 Real Estate Practice - 11 (Understanding-Answers) 2019.04.13 42
279 Real Estate Practice - 12 (Understanding-Answers) 2019.04.13 43
278 Chapter 5 Conclusion 2019.04.13 40
277 Chapter 5 Quiz 2019.04.13 495
276 Real Estate Practice - 13 (Understanding-Answers) 2019.04.13 56
275 Real Estate Practice - 14 (Understanding-Answers) 2019.04.13 40
274 Chapter 6 Conclusion 2019.04.13 51
273 Chapter 6 Quiz 2019.04.13 541
272 Real Estate Practice - 15 (Understanding-Answers) 2019.04.14 44
271 Real Estate Practice - 16 (Understanding-Answers) 2019.04.14 55
270 Chapter 7 Conclusion 2019.04.14 115
269 Chapter 7 Quiz 2019.04.14 176
268 Real Estate Practice - 17 (Understanding-Answers) 2019.04.14 40
267 Preparing Your Website 2019.04.14 40
266 Real Estate Practice - 18 (Understanding-Answers) 2019.04.14 31
265 Chapter 8 Conclusion 2019.04.14 821
264 Chapter 8 Quiz 2019.04.14 718
263 Real Estate Practice - 19 (Understanding-Answers) 2019.04.15 48
262 Real Estate Practice - 20 (Understanding-Answers) 2019.04.15 78