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Arkansas Real Estate Chapter 7
Primer for Exam Chapter 7
36
Real Estate & Planning
Undergraduate 1
07/19/2014

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Cards

Term
Three basic methods to describe real estate
Definition

(1.) Metes and bounds

(2.)Rectangular (or government) survey

(3.) Lot and block (recorded plat)

Term
Define Metes
Definition
distance
Term
Define Bounds
Definition
compass directions or angles
Term
POB
Definition
point of beginning
Term
POE
Definition
Point of Ending
Term
Boundary lines
Definition

referenced by distance  and directionn from the monuments

 

boundary lines are marked with a monument at each corner of the property

Term
Priority of descriptions
Definition

     (1.) natural monuments

     (2.) man-made monuments

     (3.) courses

     (4.) distances

     (5.) names ("Smith Farm")

     (6.) areas ("40 acres")

Term

What are the divisions of a compass?

Definition

     (1.) Degrees

     (2.) Minutes

     (3.) Seconds

Term
What direction do the principal meridians run and what direction do they measure?
Definition
run north and south and measure east and west
Term
What is the Rectangular Survey System based on?
Definition

      (1.) Principal meridians

      (2.) Base lines

Term
What direction do the base lines run and what direction do they measure?
Definition
run east and west and measure north and south
Term
How large are Townships
Definition

6 miles square and contain

36 square miles

36 sections

23,040 acres

Term
How large is a Range
Definition

1 square mile

4 quarters

640 acres

Term
How large is an acre
Definition
43,560 sq. feet
Term
Which section was reserved for public schools?
Definition
16
Term
What are the subdivisions of a section called?
Definition
aliquot parts
Term
How large is a quater of a quarter?
Definition
40 acres
Term
How large is a quarter of a quarter of a quarter?
Definition
10 acres
Term
What is comma  ,",?
Definition
of
Term
What is semi-colan, ";"?
Definition
and
Term
What is does PM stand for?
Definition

Principle Meridan

(measures east / west)

Term
How large is a Rod?
Definition
16 1/2 feet or 5 1/2 yards
Term
How long is a Chain
Definition
66 feet or 4 rods or 100 links
Term
How long is a Link?
Definition
6 1/2 inches
Term
How long is a mile?
Definition
5,280 feet or 1,760 yards
Term
How does one compensate the the curvature of the earth?
Definition
Correction lines and guide meridians
Term
What are Fractional Lots or Government Lots
Definition
triangular lots created in every 4th township or 24 miles to compensate for the curvature of the earth
Term

Give an example of a

Plat Map Legal Description

Definition
Lot # ____, Block # _____, Subdivision Name _____, Phase # _____, an addition to the city of _____, County of _____, State of _____, as recorded in the platmap section of _____ County, Book # _____, Page # _____.
Term
Spot Survey / lot survey / improvement survey
Definition
shows the location and size of buildings on the property
Term
Boundary Survey
Definition
shows only the corners and boundary line locations on a parcel of land
Term
Air Lot
Definition
designated airspace above the surface of real property
Term
Geological Survey datum
Definition
mean seal level in New York harbor
Term
Datum
Definition
level surface from which elevations are measured.  Used to determine the height of a building or establishing the grade of a street.
Term

ALTA Survey

 

Definition
Includes the information normally found on a spot and boundary survey but also includes easments, setbacks, future roads, etc.
Term
What does ALTA stand for?
Definition
American Land & Title Association Survey
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