Survey

### What is one primary purpose of a land survey? - [x] To determine exact property boundaries - [ ] To appraise the property's value - [ ] To inspect building conditions - [ ] To calculate property taxes > **Explanation:** The primary purpose of a land survey is to determine the exact property boundaries and area measurements. ### In a survey plan, what kind of information is typically included? - [x] Boundaries, measurements, area calculations, contours, existing structures - [ ] Market trends and rental rates - [ ] Building inspection logs - [ ] Environmental impact reports > **Explanation:** A survey plan usually includes boundaries, measurements, area calculations, contour lines, and any existing structures on the property. ### Who is qualified to conduct a land survey? - [ ] Real estate agents - [ ] Property managers - [x] Licensed professional land surveyors - [ ] Title agents > **Explanation:** Only licensed professional land surveyors are qualified to conduct land surveys, as they have the necessary training and certification. ### Why might a property survey be required during a real estate transaction? - [ ] To estimate utility expenses - [ ] To determine mortgage rates - [ ] To establish clear property boundaries and avoid disputes - [x] All of the above > **Explanation:** Property surveys are often required during real estate transactions to establish clear property boundaries, which helps avoid disputes and ensures an accurate legal description. ### What specific information would you find in a topographic survey? - [ ] Soil composition and quality - [ ] Property owner details - [x] Elevations and land features - [ ] Zoning laws > **Explanation:** A topographic survey provides details about the elevations and physical features of a land area, mapping its shape and terrain. ### What does a market survey in real estate analyze? - [ ] Legal property boundaries - [ ] Soil erosion patterns - [x] Market characteristics like rental rates and property values - [ ] Interior design preferences > **Explanation:** A market survey in real estate analyzes various market characteristics such as rental rates, property values, and consumer preferences within a specific area. ### What does 'ALTA/NSPS' stand for in the context of land surveys? - [ ] American Land Title Administration/National Society of Permit Surveyors - [x] American Land Title Association/National Society of Professional Surveyors - [ ] Association of Land Title Authorities/National Survey Program Standards - [ ] American License of Territorial Assessments/National Survey Project Systems > **Explanation:** 'ALTA/NSPS' stands for the American Land Title Association and the National Society of Professional Surveyors, which set specific standards for certain types of surveys. ### When is it especially important to conduct a boundary survey? - [ ] When applying for a home loan - [x] Before developing land or building structures - [ ] When determining property taxes - [ ] During interior decorating > **Explanation:** Conducting a boundary survey is especially important before developing land or constructing buildings to ensure accurate property lines and avoid legal disputes. ### How does a geodetic survey differ from a standard land survey? - [ ] It focuses only on plot size - [ ] It is conducted only for industrial properties - [x] It accounts for the earth's curvature for large-area measurements - [ ] It only measures above-ground features > **Explanation:** A geodetic survey differs from a standard land survey by accounting for the earth's curvature, making it suitable for measuring large areas accurately. ### What is one key benefit of conducting a market survey in real estate? - [x] Understanding current rental rates and market trends - [ ] Determining soil quality - [ ] Measuring property area - [ ] Assessing weather patterns > **Explanation:** Conducting a market survey in real estate is beneficial for understanding current rental rates, market trends, and other economic characteristics relevant to the property market.