A survey in real estate is used to establish what?

Prepare for the New York Real Estate Salesperson Test with interactive multiple choice questions and detailed explanations on each topic. Study effectively and pass your exam with confidence!

A survey in real estate is primarily used to establish boundary lines. This process involves a detailed examination and measurement of a property's physical dimensions and the surrounding land area to accurately define the specific borders of the property. By determining where the property lines are located, a survey helps avoid potential disputes with neighbors and ensures that developments, constructions, or improvements do not encroach on adjacent properties.

While property value, ownership history, and financing options are crucial aspects of real estate, they are not the primary focus of a survey. Property value is typically assessed through appraisals, ownership history can be traced through public records, and financing options are determined by financial lending institutions. Hence, the main purpose of a survey is to clarify and confirm the exact boundary lines associated with a property.

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