hard · National Real Estate Exam property-ownership
During a transaction review led by Taylor Grant, the following issue arises: The parcel is described as part of a section identified by township and range from a principal meridian and base line.
Which response is most consistent with national real-estate principles?
- It is a lot-and-block description.
- This is the rectangular government survey system.
- It is an informal reference to a mailing address.
- It is a metes-and-bounds description.
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