REAL ESTATE CHAPTER 10 TERMS

  1. Baseline
    Anything used for comparison. For example, a company that wishes to determine whether its profits are increasing or decreasing may compare them to a previous year's profits. In this case, the previous year's profits are considered the base line.
  2. Benchmark
    a surveyor's mark cut in a wall, pillar, or building and used as a reference point in measuring altitudes.
  3. Check
    examine (something) in order to determine its accuracy, quality, or condition, or to detect the presence of something.
  4. Government survey method
    is a federal land survey system that has been applied to most of the land added to the United States since the system was adopted in 1785.
  5. Legal description
    ___ ___ is the geographical description of a real estate property for the purpose of identifying the property for legal transactions. A ___ ___ of the property unambiguously identifies the location, boundaries, and any existing easements on the property.
  6. Lot and block
    A method for locating and identifying a parcel of land. The land is located by assigning a ___ ___ ___ number in order to distinguish it from the surrounding plots
  7. Metes and bounds
    is a system or method of describing land, real property (in contrast to personal property) or real estate.
  8. Monument
    is a type of structure that was explicitly created to commemorate a person or event, or which has become important to a social group as a part of their remembrance of historic times or cultural heritage, or as an example of historic architecture.
  9. Plat Method
    The lot and block survey system is a method used in the United States and Canada to locate and identify land, particularly for lots in densely populated metropolitan areas, suburban areas and exurbs. It is sometimes referred to as the recorded plat survey system or the recorded map survey system.
  10. Point of beginning
    is a surveyor's mark at the beginning location for the wide-scale surveying of land. A surveyor begins at a well-known landmark, such as the center point of a street intersection.
  11. Principal meridian
    is the principal north-south line used for survey control in a large region, and which divides townships between east and west.
  12. Range
    • -the area of variation between upper and lower limits on a particular scale.
    • -place or arrange in a row or rows or in a specified order or manner.
  13. Section
    any of the more or less distinct parts into which something is or may be divided or from which it is made up.
  14. Survey
    to take a general or comprehensive view of or appraise, as a situation, area of study, etc. See more.
  15. Tier
    a row or level of a structure, typically one of a series of rows placed one above the other and successively receding or diminishing in size.
  16. Township
    a unit of local government, usually a subdivision of a county, found in most midwestern and northeastern states of the U.S. and in most Canadian provinces. 2. (in U.S. surveys of public land) a region or district approximately 6 miles square (93.2 sq. km), containing 36 sections.
  17. Township line
    one of the imaginary lines running east and west at 6-mile intervals and marking the relative north and south locations of townships in a U.S. public-land survey
  18. Parcel Number
    Your property tax office uses a unique parcel number to identify your real estate on the tax rolls. ... A ___ ___ may contain all or part of the real estate's tax account number with the local property taxing authorities. ... You can find your ___ ___ on your property tax bill ...
Author
mccullochhelen
ID
332044
Card Set
REAL ESTATE CHAPTER 10 TERMS
Description
CHAPTER 10 TERMS
Updated