Escrow & Title
Which type of legal description is most precise and commonly used in Wisconsin rural property conveyances?
AStreet address
BMetes and bounds
CGovernment survey (Public Land Survey System) description✓ Correct
DInformal reference to tax parcel number
Explanation
Wisconsin uses the Public Land Survey System (government survey system) for rural properties, providing precise descriptions using townships, ranges, sections, and fractional sections. Metes and bounds are also used, especially for irregular parcels.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
State-Specific Concepts
DRE Regulation
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