What is the main purpose of a property survey?

Prepare for the Nevada Key Realty Test with our set of flashcards and multiple choice questions. Each question comes with hints and explanations to help you succeed. Get exam-ready!

The main purpose of a property survey is to establish property boundaries and identify improvements. A survey provides essential information regarding the exact dimensions and legal boundaries of a property, which is crucial for various transactions, as well as for understanding zoning laws and property rights. Additionally, a survey can indicate any structures or improvements on the land, such as buildings, fences, and driveways, which helps both buyers and sellers understand what is included in the sale and ensures that there are no encroachments or boundary disputes with neighboring properties.

Other choices do not accurately reflect the primary function of a property survey. For instance, negotiating a sale price is generally influenced by various market factors and property conditions, but it does not hinge on the specific measurement and identification of property boundaries. Determining the property tax rate involves different assessments and evaluations conducted by local government authorities, rather than the precise identification of physical property characteristics. Similarly, while validating the integrity of a building structure is important, this task is typically performed through inspections rather than surveys, which focus on property lines and improvements. Thus, the established role of a property survey is clear in its focus on boundaries and accompanying structures.

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