About This Chapter
Surveying Property in Real Estate - Chapter Summary
The lessons in this chapter provide an detailed review of surveying property in real estate. You can study how the lot and block survey system works and see how to describe the physical geography of land. There are also vocabulary words highlighted in bold. After completing the chapter, you could be prepared to:
- Interpret different sections of a property appraisal report
- List key components of site analysis
- Describe various types of surveys used today
- Explain where the Public Land Survey System is used
- Recall the history of the metes and bounds survey system
- Discuss both ancient and modern surveying tools
- Use a formula to calculate the acreage of land
- Explain when surveys that meet ALTA requirements are used
These lessons are taught by experienced instructors and include helpful examples to ensure you understand what's involved in surveying property in real estate. You can study all the lessons in order, or just focus on a select few based on your needs. Take advantage of the brief quizzes that are available for each lesson to gauge your knowledge of the topics covered.
1. Area-Regional & Neighborhood Analysis in Property Appraisal
In this lesson, you will learn how to interpret the area-regional and neighborhood analysis section in a property appraisal report. Many factors and considerations determine if the current use of the property is the highest and best available.
2. Site Analysis in Property Appraisal: Definition & Factors
Correctly valuing real estate is very important because of the money at stake, even for a relatively small purchase. In this lesson, you'll learn about site analysis and some of the key components involved with it.
3. What is a Land Survey? - Definition & Types
Surveys are used to identify boundaries and features of land to determine ownership. They are employed in construction projects ranging from building fences to entire cities. In this lesson, you'll learn what a survey is and about the different types of surveys used today.
4. Rectangular Survey System: Definition & Uses
The rectangular survey system is properly and legally known as the Public Land Survey System. This lesson defines how the survey system works and where in the United States it is used.
5. Using the Lot & Block Survey System
This lesson outlines how pieces of real estate are identified using the lot and block survey system. This system provides a means of recognizing additions, subdivisions, and addresses within a plat.
6. Metes & Bounds: Definition & Uses
This lesson will explain the history and description of the metes and bounds system in real estate surveys. By the end of the lesson, you will better understand where and how it's used.
7. Tools Used to Survey Real Property
Some old legal descriptions of property involve chains, links and rods. You'll learn about these ancient surveying tools and how they translate into more conventional and familiar measurements. We'll also look at some of their modern counterparts.
8. How to Calculate & Convert Acreage
Accurate calculation of acreage is an essential skill in describing the physical geography of a plot of land. In this lesson we will look at the formulas for determining the area of a piece of land, and converting that number into different units of meaurement.
9. Land Surveys That Meet ALTA Requirements
Surveys are an important part of many real estate transactions, especially expensive commercial real estate transactions. In this lesson, you'll learn about surveys, including surveys that meet ALTA requirements, and when they are used.
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Other chapters within the Ohio General Appraiser Exam: Study Guide & Practice course
- Real Property & Property Ownership
- Real Estate Value
- Government Powers in Real Estate
- Building Components & Structures
- Liens & Encumbrances in Real Estate
- Rights to Use in Real Estate
- Land & Site Valuation
- Statistics, Valuation Models & Finance for Real Estate
- Common Real Estate Calculations
- Sales Comparison Approach in Real Estate
- Cost Approach in Real Estate
- Income Approach in Real Estate
- Reconciliation in Real Estate Appraisal
- USPAP Compliance
- Real Estate Appraisal Report Writing