This seminar will provide attendees with information regarding the current state of laws affecting the preparation of legal descriptions for real estate transactions and tips on how to review legal descriptions and the surveys that depict legal descriptions.
- Drafting a legal description
- Confirmation of legal descriptions using professionally prepared surveys
- Professional surveyors
- Survey reviews and defects
- Surveys and closing the real estate transaction
9:00 a.m. - 10:15 a.m.
I. Drafting A Legal Description
A. History Of Legal Description Systems
B. Overview Of Current Legal Description Systems
C. Standards For Drafting A Legal Description
D. Sketch Of Legal Description Using Metes And Bounds System
E. Conveyancing And Recording, ORS Chapter 93
10:15 a.m. - 10:30 a.m.
10:30 a.m. - 11:30 a.m.
II. Confirmation Of Legal Descriptions Using Professionally Prepared
A. Residential And Commercial Survey Standards
B. Local Survey Standards
C. Nationally Accepted Survey Standards (Alta/Acsm 1999)
D. Items Other Than Legal Description Shown On Survey Standard Tables (e.g. Table 'A' Requirements)
E. Certifications 'The Sticky Wicket'
11:30 a.m. - 12:30 p.m.
Lunch (On Your Own)
12:30 p.m. - 1:45 p.m.
III. Professional Surveyors
A. Licensing And Regulation Of Surveyors (ORS Chapter 672)
B. Ethical Considerations For Surveyors (OAR 820)
C. Matching The Appropriate Surveyor With The Specific Real Estate Transaction
1:45 p.m. - 2:00 p.m.
2:00 p.m. - 3:00 p.m.
IV. Survey Reviews And Defects
A. Survey Review Standards
1. Records Of Survey Generally (ORS Chapter 209)
2. Subdivisions And Partitions (ORS Chapter 92)
B. Survey Defects
C. Remedying Survey Defects (Statute Of Limitations)
D. Survey Shelf-Life
3:00 p.m. - 4:30 p.m.
V. Surveys And Closing The Real Estate Transaction
A. Survey Connections With Title Insurance (The Schedule B)
B. Risks Of Closing Without A Survey