What is a survey in the context of real estate?

What is a survey in the context of real estate?

• A. The process of finding and measuring the boundaries of a piece of real estate
• B. A legal document that transfers title ownership
• C. A financial assessment of a property’s value
• D. An inspection conducted for structural integrity

Answer: (A)

In the context of real estate, a survey refers to the process of finding and measuring the boundaries of a piece of real estate. This involves determining the exact location of property lines, easements, and any encroachments or improvements on the land. A survey is essential for various reasons, including confirming ownership, resolving disputes between neighbors, and ensuring that any structures are built within the legal boundaries of the property. It provides critical information that can impact property development and overall value, making it a foundational step in real estate transactions. The other options relate to different real estate concepts: a legal document that transfers title ownership pertains to deeds, while a financial assessment of a property's value refers to appraisals. An inspection for structural integrity involves examining a building for safety and stability, which is distinct from the boundary determination process involved in a survey.

In the context of real estate, a survey refers to the process of finding and measuring the boundaries of a piece of real estate. This involves determining the exact location of property lines, easements, and any encroachments or improvements on the land. A survey is essential for various reasons, including confirming ownership, resolving disputes between neighbors, and ensuring that any structures are built within the legal boundaries of the property. It provides critical information that can impact property development and overall value, making it a foundational step in real estate transactions.

The other options relate to different real estate concepts: a legal document that transfers title ownership pertains to deeds, while a financial assessment of a property's value refers to appraisals. An inspection for structural integrity involves examining a building for safety and stability, which is distinct from the boundary determination process involved in a survey.