What is a property survey?

Prepare for the Maryland Title Insurance Test with targeted multiple-choice questions, including hints and explanations for each to help you succeed. Get ready to ace your exam!

A property survey is defined as a precise measurement and drawing of the property that outlines its boundaries and any improvements. This detailed representation includes the exact dimensions of the land, the location of any structures such as buildings, fences, and other significant features. The survey establishes the legal boundaries of the property, delineating what is owned and showing any encroachments or easements that may affect ownership.

Conducting a property survey is critical for various reasons, including resolving boundary disputes, determining property lines for development or landscaping, and ensuring compliance with zoning regulations. It provides essential information for potential buyers, sellers, and lenders, ensuring that all parties have a clear understanding of the property they are dealing with.

In contrast, the other choices do not accurately describe a property survey. A verbal agreement between neighbors regarding property boundaries lacks the legal documentation and precision of a survey. A rough estimate of land value based on location does not include boundary delineation or property improvements and focuses solely on value rather than physical dimensions or legal parameters. A legal document proving ownership does not provide details about the property’s boundaries or features, as that function is specific to a property survey.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy