An old building on the property was demolished and construction begun on a new warehouse that was completed April 15, 2014. Every year, millions of acres of land are cleared by forest fires. A. On February 1, 2013, Forwards Corporation purchased a parcel of land as a factory site for $455,000. Chapter 19 Question 1 Which of the following best describes what is implied when a tornado watch is issued? The owner can sell the air rights and still retain the surface and subsurface rights. B. Sometimes there is a separate Mortgage Loan Survey that inspects the parcel for uses and obvious superior encumbrances. Introducing Cram Folders! For a limited time, find answers and explanations to over 1.2 million textbook exercises for FREE! The most popular types of VPNs are remote c. mix with the air around it. Question 1 A company buys a new parcel of land. A parcel of land described as “the NW ¼ of the SW ¼ of Section 6, T4N, R8W of the Third Principal Meridian” was sold for $875 per acre. A parcel of land is a measured portion or area of land. The listing broker will receive a … When valuating real estate comparable method sales and capitalization of income methods are used. 21. Thirdly, a dealing registrable supposes that it is not yet regist... Today, the Court reverses both rulings of the Pennsylvania Supreme Court. The Government of Grenada will oversee and support the following activities: Integrating business processes of the land survey, physical planning, valuation, recording proprietors in the tax database, property registration and information search, and integrating respective information subsystems into one system. Québec's irregularly shaped cantons and Ontario's concession townships), but all were designed to provide rectangular farm lots within a defined rural community. d. Weather conditions favor tornado formation. A parcel of air that has undergone initial lifting in a region that contains unstable air will most likely a. remain in its new location. A. Dawson, because he has an implied right of entry. 11. The process by which a parcel of land is measured and its area is ascertained; also the blueprint showing the measurements, boundaries and area. The surface of the earth extending down to the center and upward to infinity. The buyer gave up which of the following? B. Location is defined exactly as it sounds; where a specific point on Earth would happen to be using lines of latitude and longitude. ten years. C. buildings and other improvements are considered to be part of the real estate. b. A township contains how many square miles? A parcel of vacant land has an assessed valuation of $274,550. In the introduction of this paper, it was said that Aquinas did not write any treatise on economics itself and merely tackled economics under the cardinal vi... Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; audio not yet available for this language. Legal Land Description Format for the New LAND System The following legal land descriptions are intended to be a guide for how to identify new parcels and any remaining portions of the source parcel shown on a new plan. Finding high acreage lots, however, can be a challenge. A. animals, a river, fertile soil B. mountainous land, rainfall, cool climate C. metal deposits, desert, hot climate D. animals, wood, mild climate A lot line is a legal boundary around your piece of land You may be more familiar with the term “property line” than “lot line.” A lot line describes the shape and size of the lot of land. A tornado has been detected on the radar. d.sink back down. B. Every year, millions of acres of land are cleared by forest fires. A custom-made storm window would most likely be considered a fixture because of: A. its adaptation to the building to which it is attached. All of the following are real property EXCEPT: A. 1. The fact that an acre of land in a rural area cannot fulfill as many needs as an acre of urban land describes the economic characteristic of: All of the following are true about a trade fixture except: C. it may be removed only after the lease expires. Please sign in to share these flashcards. Different sizes of townships have been used (e.g. 1! C. The earth’s surface clearly marked by certain boundaries. 3 people own a large parcel of undeveloped land in joint tenancy. B. B. B. One of them wants to build a shopping center on the property, while the other 2 want to use it as an organic farm. green parcel@ $10,000,000.00 with annual interest rate of 11% with a loan term of 25 years or. In determining whether an item is a fixture, which. But to acquire land no human efforts are needed. In most cases any adjacent parcels shown for orientation purposes should be identified as shown in Map Search or Parcel Picture. When tracts of land are divided, bought and sold among owners, they are divided into groups referred to as parcels. Which of the following best describes a parcel of land? A section is 1 square mile, and 36 enumerated sections make up a township on a map. two years. Add to folder[?] Cram has partnered with the National Tutoring Association, Argumentative Essay About Native Americans, The Pennsylvania Supreme Court Case: The Saver Act. false. If the assessment is 85 percent of market value, what is the market value? 1) 2) Treating a cost which should be an expense as a capital expenditure will make a company's net income higher. We tested 15 parcel attributes, including 12 within-parcel attributes and three contextual attributes of parcels, as discriminant factors for land use classification. In 1964 The Constituton was amended to give Washington the same numer of votes as the least populous states. Ownership of personal property is transferred by: 12. C. The land has subsided about 30 feet in the last 100 years, and the rate is decreasing. = 660 ft.... 660 x 660 = 435,600 sq. Which of the following best describes the changes and a consequence of the changes? Introducing Cram Folders! A parcel of land that doesn't have legal access to a public street Question 3 3. A base point from which height or depth can be measured to describe air rights or subsurface rights is a: Approximately how many acres are there in a farm that measures 470 feet along the road and 556 feet in depth? They can be used to create a wide parcel of land of holding. Please upgrade to Cram Premium to create hundreds of folders! which parcel of land is a better investment option and why? The land has subsided about 10 feet in the last 100 years, and the rate is increasing. When used in a deed or other real estate, document, a legal description describes only the land, 5. Real estate investors are not generally interested in how long buildings will last, but in how long they will be profitable. A landowners right to use water from a bordering. A triangular tract of land has 281 yards of frontage and extends 160 yards from the road at its deepest point. If a person has ! A parcel is defined by Dictionary.com as "a distinct, continuous portion or tract of land" and "a part, portion or fragment." A. 1 points Question 6 A(n) _____ thunderstorm forms along a distinct line that marks the edge of … 3. You may see a parcel of land advertised for sale either by street address, legal description or tax parcel number. Which of the following best describes a parcel of land? Generally, you can expect that your state real estate agent license exam will consist of 80-100 multiple-choice questions about general real estate concepts and 60-80 questions specific to state licensing laws. 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