Gold Coast Real Estate Course Assessment

Gold Coast Real Estate Course
Assessment

⫸ Which of the following best describes a contract for sale that contains
a street address instead of a legal description?


(a) It is not valid under the Statute of Frauds.


(b) It is valid only if witnessed.


(c) It is valid, but may lead to a future dispute.


(d) It is a violation of the Code of Ethics. Answer: c) It is valid, but may
lead to a future dispute.


⫸ Which method of legal description uses compass bearings to indicate
the direction of boundary lines?


(a) Lot and block system


(b) Government survey method


(c) Plat method

, (d) Surveyor's method Answer: (d) Surveyor's method


⫸ What is the primary reference point in a metes and bounds
description?


(a) The starting point


(b) The monument or permanent marker, then the point of beginning


(c) The initial reference point


(d) The point of first reference Answer: (b) The monument or permanent
marker, then the point of beginning


⫸ Who should prepare a legal description?


(a) Land surveyor


(b) Attorney


(c) Broker


(d) Title company Answer: (a) Land surveyor