Missouri Real Estate National Exam
Questions with Answers
Chattel - ✔✔personal property
Real Property - ✔✔physical property such as land and buildings
Three Physical Characteristics of Land - ✔✔Immobility, Indestructibility, Uniqueness
immobility - ✔✔land is physically immobile
Indestructibility - ✔✔Land cannot be destroyed
Non-homogeneity - ✔✔Land: No two pieces are exactly alike.
four economic characteristics of land - ✔✔scarcity, improvements, permanence, situs
scarcity - ✔✔land is not limitless
Improvements to the land - ✔✔any fixed structures such as buildings, fences, walls, and decks
that adds value
permanence - ✔✔long-term stability associated with real estate
situs - ✔✔Refers to the economic location of real estate.
, Metes and Bounds - ✔✔a method of describing real estate property that uses geography and
land features with directions
Recorded Plat - ✔✔A plat or map showing the location and boundaries of individual parcels of
land that is filed in the public records in the county where the property is located .
monument - ✔✔Surveyors use this when they are describing large areas of land that may be
cost prohibitive to survey
rectangular survey system - ✔✔A system used to divide public domain lands in the United
States in which land is divided into 6-mile square townships and subdivided into sections,
portions of sections, or irregular lots. Also referred to as Public Land Survey System.
Government or US public land system (PLSS) - ✔✔Most commonly used method to survey and
spatially identify land or property parcels before designating ownership, whether for sale or
transfer.
Townships - ✔✔a survey method that refers to square units of land that is six miles on each
side
principal meridians - ✔✔north-south lines separating townships. method that uses principal
meridian lines for survey control in a large region that divides the township by
north/south/east/west
Base lines run - ✔✔east to west
meridian intersections run - ✔✔vertically
Assesors Parcel Number (APN) - ✔✔a number assigned to a parcels of property by the area's
jurisdiction for identification and record keeping
Questions with Answers
Chattel - ✔✔personal property
Real Property - ✔✔physical property such as land and buildings
Three Physical Characteristics of Land - ✔✔Immobility, Indestructibility, Uniqueness
immobility - ✔✔land is physically immobile
Indestructibility - ✔✔Land cannot be destroyed
Non-homogeneity - ✔✔Land: No two pieces are exactly alike.
four economic characteristics of land - ✔✔scarcity, improvements, permanence, situs
scarcity - ✔✔land is not limitless
Improvements to the land - ✔✔any fixed structures such as buildings, fences, walls, and decks
that adds value
permanence - ✔✔long-term stability associated with real estate
situs - ✔✔Refers to the economic location of real estate.
, Metes and Bounds - ✔✔a method of describing real estate property that uses geography and
land features with directions
Recorded Plat - ✔✔A plat or map showing the location and boundaries of individual parcels of
land that is filed in the public records in the county where the property is located .
monument - ✔✔Surveyors use this when they are describing large areas of land that may be
cost prohibitive to survey
rectangular survey system - ✔✔A system used to divide public domain lands in the United
States in which land is divided into 6-mile square townships and subdivided into sections,
portions of sections, or irregular lots. Also referred to as Public Land Survey System.
Government or US public land system (PLSS) - ✔✔Most commonly used method to survey and
spatially identify land or property parcels before designating ownership, whether for sale or
transfer.
Townships - ✔✔a survey method that refers to square units of land that is six miles on each
side
principal meridians - ✔✔north-south lines separating townships. method that uses principal
meridian lines for survey control in a large region that divides the township by
north/south/east/west
Base lines run - ✔✔east to west
meridian intersections run - ✔✔vertically
Assesors Parcel Number (APN) - ✔✔a number assigned to a parcels of property by the area's
jurisdiction for identification and record keeping
