Escrow & Title
The purpose of a survey in a real estate transaction is to:
ADetermine the market value of the property
BIdentify and locate the property's boundaries, improvements, and any encroachments✓ Correct
CConfirm there are no title defects
DCalculate the property's assessed value
Explanation
A property survey locates and establishes the exact boundaries of a parcel, identifies improvements (buildings, fences, driveways), and discloses any encroachments, easements, or boundary issues visible on the ground.
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