The following property description is an example of which method of describing real estate? "Starting at a point on the southerly side of Victoria Štreet, 100 feet easterly from the corner formed by the intersection of the southerly side of Victoria Street and the easterly side of Monterey Street; then.." A - rectangular survey B - metes and bounds C - lot, block, and tract D - government survey

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
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The following property description is an
example of which method of describing real
estate? "Starting at a point on the southerly
side of Victoria Street, 100 feet easterly from
the corner formed by the intersection of the
southerly side of Victoria Street and the
easterly side of Monterey Street; then..."
A - rectangular survey
B - metes and bounds
C - lot, block, and tract
D - government survey
Question 2
A loan applicant has no funds for a down
payment but has income in the form of public
assistance sufficient to repay the loan. What
law prevents discrimination by the lender
towards the loan applicant due to the source
of her income?
A - Real Estate Settlement Procedures Act
(RESPA)
B - Truth in Lending Act
C - Equal Credit Opportunity Act
D - Community Reinvestment Act of 1977
Transcribed Image Text:The following property description is an example of which method of describing real estate? "Starting at a point on the southerly side of Victoria Street, 100 feet easterly from the corner formed by the intersection of the southerly side of Victoria Street and the easterly side of Monterey Street; then..." A - rectangular survey B - metes and bounds C - lot, block, and tract D - government survey Question 2 A loan applicant has no funds for a down payment but has income in the form of public assistance sufficient to repay the loan. What law prevents discrimination by the lender towards the loan applicant due to the source of her income? A - Real Estate Settlement Procedures Act (RESPA) B - Truth in Lending Act C - Equal Credit Opportunity Act D - Community Reinvestment Act of 1977
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