Property OwnershipIntermediateDelaware Exam

What is a 'survey' in Delaware real estate and why is it important?

AA questionnaire given to buyers about their housing preferences

BA professional measurement and mapping of a parcel's boundaries, dimensions, easements, encroachments, and improvementsCorrect

CSimply a routine tax assessment performed only by the county solely to establish an official property value, in most cases

DAn environmental inspection of the property

Why A professional measurement and mapping of a parcel's boundaries, dimensions, easements, encroachments, and improvements Is Correct

Answer B: A professional measurement and mapping of a parcel's boundaries, dimensions, easements, encroachments, and improvements

A land survey is performed by a licensed surveyor to establish the exact boundaries of a property, locate improvements (buildings, fences), identify encroachments and easements, and confirm the property's legal description matches its physical characteristics. Lenders and buyers often require surveys before closing to ensure they know exactly what they're buying.

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.