Mi Real Estate Prep

Front 1

Benchmarks, iron spikes, wooden steaks are examples of

Back 1

Monument

Front 2

Identify a fractional scetion

Back 2

Oversized or undersized

Front 3

What is a chek

Back 3

24 miles by 24 miles

Front 4

Smallest unit of land used in government survey it the

Back 4

Section

Front 5

The section that is reserved for the school is

Back 5

Section 16

Front 6

A bronze disk that is used to establish elevation is the

Back 6

Benchmark

Front 7

To determine the heights of buildings the surveyor would locate

Back 7

Datum

Front 8

A surveyor would calculate what to compensate for the curvature of the earth

Back 8

Correction lines

Front 9

Nonhomogeneity describes

Back 9

Physical characteristics of real estate and refers to its uniqueness

Front 10

A transaction broker is not know as a

Back 10

Fiduciary

Front 11

Testate, no additional heirs are found. Property would transfer by

Back 11

Devise

Front 12

Future interest s in a fee simple defeasible estate

Back 12

Possibility of reverter/right of re-entry

Front 13

A habendum clause would be found in a

Back 13

Deed

Front 14

Receiving any gifts or kickbacks, is in violation of what law

Back 14

RESPA

Front 15

You may call seller of expired listing for ×××× months after the listing expiration ( even if they are on the do not call list)

Back 15

18 month

Front 16

Lender has hired an appraisal. . What are they looking for

Back 16

Estimated market value