c.
price.
In comparing real property price to value, a change in "creative financing" terms will affect:
a. value and price
b. value.
c. price.
d. neither price nor value
b.
highest and best use.
The primary purpose of a site analysis by an appraiser is to determine the:
a. applicable zoning laws.
b. highest and best use.
c. soil conditions.
d. available amenities
a.
the interim use.
When the highest and best use of a property is expected to change, the current use is called:
a. the interim use.
b. the temporary use.
c. the transitional use.
d. the possible use.
c.
plottage.
When two properties are joined to make one property, and becomes more valuable than the sum of the properties separately, it is called:
a. leverage.
b. inflation.
c. plottage.
d. subdividing.
b.
orientation.
A map shows the house and its location relating to other plants, buildings, and streets. This is an example of:
a. plottage.
b. orientation.
c. elevation.
d. topography.
b.
six inches x twelve inches x two inches
Which of the following is one board foot?
a. six inches x twelve inches x one foot
b. six inches x twelve inches x two inches
c. six inches x six inches x two inches
d. Six inches x twelve inches x one inch
b.
unit is more efficient.
When an air conditioning unit has a higher energy efficiency ratio (EER), the:
a. unit needs more watts of electricity.
b. unit is more efficient.
c. unit is less efficient
d. BTUs are larger.
a.
Heating, Ventilation, and Air Conditioning systems in commercial buildings.
HVAC" refers to:
a. Heating, Ventilation, and Air Conditioning systems in commercial buildings.
b. Home Value After Correlation.
c. Highest Value Appraising Consideration.
d. House Vitality Area Consultants
b.
stabilize values.
When a residential neighborhood is composed mostly of owner-occupied residential properties it tends to:
a. attract commercial shopping centers to the neighborhood.
b. stabilize values.
c. deteriorate faster than areas with many rental properties.
d. lowe
b.
regression.
When a house of greater value is adversely affected by houses of comparably lesser value, it is called:
a. anticipation.
b. regression.
c. contribution.
d. balance.
a.
footing
(page 341)
The expanded portion of the concrete foundation is the:
a. footing
b. sole plate.
c. mud sill.
d. cripple.
c.
hip roof.
(page 339)
If from the ridge board, the highest point of the roof, a roof slopes downward in four directions. It is referred to as:
a. flat roof.
b. gable roof.
c. hip roof.
d. shingle roof
d.
Accession
(Page 344)- 7 of the Basic appraisal Principles:
1. Supply & Demand
2. change
3. conformity
4. contribution
5. Regression
6. Progression
7. Substitution
Which of the following is NOT one of the basic appraisal principles?
a. Progression
b. Regression
c. change
d. Accession
c.
open sheathing
(page 340-341)
Boards nailed across rafters, as a foundation for the roof covering, are called:
a. ridge boards.
b. girders.
c. open sheathing
d. flashing
b.
cul-de-sac lot
(page 332-333)
A lot facing a turnaround portion of a dead-end street is called a(n):
a. interior lot.
b. cul-de-sac lot
c. flag lot
d. corner lot.
a.
Key lot
(page 333)
The least desirable lot, bordered on the side by the backs of lots that front on another street is a(n):
a. Key lot
b. Flag lot
c. T-Intersection lot
d. corner lot
c.
frontage
All of the following real estate terms are closely related except:
a. interior
b. cul-de-sac
c. frontage
d. corner
d.
rafters
(page 341)
Sloping members of a roof used to support the roof boards and shingles are:
a. eaves
b. headers
c. studs
d. rafters
b.
depth table
(page 334)
A table that illustrates how the highest value is located in the front part of a lot is called a :
a. value table
b. depth table
c. percentage table
d. declining value table
d.
property width in the front along the street
(page 335)
Front footage" is the:
a. depth of the property in the front.
b. distance from the building to the street.
c. front 40% of the property.
d. property width in the front along the street.
b.
regression
(page 346)
The principle that states that the value of the best property in a neighborhood will be adversely affected downward by the value of many lesser properties is know as:
a. progression
b. regression
c. nonconformity
d. accession
c.
substitution
(page 346)
A buyer will not pay more for a particular property if he/she can buy an equally desirable one for less, according to the principle of:
a. conformity
b. contribution.
c. substitution.
d. progression
a.
Lend economic stability
(page 329)
How do owner-occupied homes affect a neighborhood?
a. Lend economic stability
b. Bring down values
c. Artificially Inflate prices
d. Increase the possibility of turnover
d.
Cost
(page 323)
Which of the following is NOT one of the four essential elements of value?
a. Demand
b. Utility
c. Scarcity
d. Cost
a.
unearned increment
(page 343)
An increase in value of real estate due to NO effort on the part of the owner is a(n):
a. unearned increment
b. skillful manipulation
c. over improvement.
d. rehabilitation.
b.
Wainscoting
(page 343)
What do we call the wood lining on the lower portion of an interior wall with the upper portion wallpapered or covered with another material different from the lower portion?
a. R-value
b. Wainscoting
c. Board foot
d. Turnkey
c.
A trend
What do we call a series of changes brought about by a chain of events (causes and effects)?
a. An equilibrium
b. A development
c. A trend
d. None of the above
a.
site analysis
(page 327)
To obtain the "highest and best use" of a property, the appraiser would first do a :
a. site analysis
b. neighborhood analysis
c. regional analysis
d. conformity analysis
d.
all of the above
(page 347)
Which of the following is TRUE concerning appraisals? They are:
a. an opinion of value
b. for specific property and as of a certain date
c. based on judgment and professional experience
d. all of the above.
c.
plottage
(page 335)
A woman purchases an adjacent lot to the one she already owns. This is known as:
a. contribution
b. subdividing
c. plottage
d. monopolizing