General Appraiser Site Valuation and Cost
Approach Practice Test with 500 Questions and
Correct Verified Answers Latest 206-2027 (New!)
An interest in real estate restricting future land use to preservation, conservation,
wildlife habitat, or some combination of those uses is the definition of
_______________ easement. - ANSWER-conservation
Most U.S. communities and many global markets choose to abide by the Codes
provided by the _______________. - ANSWER-International Code Council
Which agency is in charge of navigable waterways? - ANSWER-The U.S. Army
Corps of Engineers
The right to construct a tunnel is an example of the use of __________ rights -
ANSWER-subsurface
The Land Trust Alliance offers advice on: - ANSWER-Conservation easements
Which of these is NOT a legal force affecting property value? - ANSWER-access
Which is NOT a legal force? - ANSWER-water pollution
"A list of expressed assurances and limitations on land use; often found in
contracts between a land subdivider and a lot purchaser" is the definition of: -
ANSWER-Conditions, Covenants and Restrictions
1
,Which of these is NOT an example of a private restriction? - ANSWER-zoning
ordinance
An easement for ingress and egress is an example of a ______________ easement.
- ANSWER-positive
CC&Rs are commonly found in _______________. - ANSWER-subdivisions
The National Wetlands Inventory is maintained by the: - ANSWER-U. S. Fish and
Wildlife Service
A "perc" test is used to measure the __________ of the soil. - ANSWER-Drainage
In urban locations, lot size is generally measured in: - ANSWER-Square feet
Who administers the Endangered Species Program? - ANSWER-U. S. Fish and
Wildlife Service
A partially enclosed body of water where saltwater from the sea mixes with
freshwater from rivers, streams, and creeks is called a(n) _____________. -
ANSWER-Estuary
A property would be in a FEMA Flood Hazard Area if it is located in Zone: -
ANSWER-A or V
Trees can produce benefits in all of these ways EXCEPT for - ANSWER-Absorb
oxygen
2
,The overall plans that were created when the original zoning ordinances were
implemented are called______________ . - ANSWER-Master Plans
Which is not a private restriction? - ANSWER-Building code
Which is not considered to be a municipal utility? - ANSWER-propane
Which of the following would NOT be an economic factor in land or site
valuation? - ANSWER-Population trends
16 lots sold in a year. What is the absorption rate per month? - ANSWER-1.33
Economic theory holds that supply and demand tend to move toward a point of: -
ANSWER-Equilibrium
20 lots sold in a year. What is the absorption rate per month? - ANSWER-1.67
What is the most dominant factor that affects legal permissibility? - ANSWER-
Zoning ordinances
An appraiser is trying to compile a list of potential legal uses for a piece of vacant
property. What problem might he encounter in making this determination? -
ANSWER-Legality is subject to manipulation by local officials
What is the problem in determining what is legal? - ANSWER-It is subject to
manipulation by local officials
3
, A parcel is valued at $240,000. Zoning allows it to be subdivided into 5 lots and it
is estimated that each lot could sell for $65,000. Site development (sewer, grading,
road, etc.) would cost $50,000. What is the highest and best use? - ANSWER-
Subdivide it into 5 lots
Plottage is: - ANSWER-a value
One of the first steps in highest and best use analysis is to determine a site's: -
ANSWER-Legal permissibility
Which is not one of the four criteria for highest and best use? - ANSWER-Social
acceptability
"The concept that land cannot be valued on the basis of one use while the
improvements are valued on the basis of another" is the theory of - ANSWER-
Consistent
What is the first stage in the life cycle of a neighborhood? - ANSWER-growth
Which is not an advantage of community living? - ANSWER-Common cooking
facilities
Which is usually the longest stage in the life cycle of a neighborhood? -
ANSWER-stability
The average family in the United States is now Below ________. - ANSWER-3.0
Put these terms in order from earliest to latest. Suburban sprawl Village concept
Urban growth - ANSWER-Urban growth, suburban sprawl, village concept
4
Approach Practice Test with 500 Questions and
Correct Verified Answers Latest 206-2027 (New!)
An interest in real estate restricting future land use to preservation, conservation,
wildlife habitat, or some combination of those uses is the definition of
_______________ easement. - ANSWER-conservation
Most U.S. communities and many global markets choose to abide by the Codes
provided by the _______________. - ANSWER-International Code Council
Which agency is in charge of navigable waterways? - ANSWER-The U.S. Army
Corps of Engineers
The right to construct a tunnel is an example of the use of __________ rights -
ANSWER-subsurface
The Land Trust Alliance offers advice on: - ANSWER-Conservation easements
Which of these is NOT a legal force affecting property value? - ANSWER-access
Which is NOT a legal force? - ANSWER-water pollution
"A list of expressed assurances and limitations on land use; often found in
contracts between a land subdivider and a lot purchaser" is the definition of: -
ANSWER-Conditions, Covenants and Restrictions
1
,Which of these is NOT an example of a private restriction? - ANSWER-zoning
ordinance
An easement for ingress and egress is an example of a ______________ easement.
- ANSWER-positive
CC&Rs are commonly found in _______________. - ANSWER-subdivisions
The National Wetlands Inventory is maintained by the: - ANSWER-U. S. Fish and
Wildlife Service
A "perc" test is used to measure the __________ of the soil. - ANSWER-Drainage
In urban locations, lot size is generally measured in: - ANSWER-Square feet
Who administers the Endangered Species Program? - ANSWER-U. S. Fish and
Wildlife Service
A partially enclosed body of water where saltwater from the sea mixes with
freshwater from rivers, streams, and creeks is called a(n) _____________. -
ANSWER-Estuary
A property would be in a FEMA Flood Hazard Area if it is located in Zone: -
ANSWER-A or V
Trees can produce benefits in all of these ways EXCEPT for - ANSWER-Absorb
oxygen
2
,The overall plans that were created when the original zoning ordinances were
implemented are called______________ . - ANSWER-Master Plans
Which is not a private restriction? - ANSWER-Building code
Which is not considered to be a municipal utility? - ANSWER-propane
Which of the following would NOT be an economic factor in land or site
valuation? - ANSWER-Population trends
16 lots sold in a year. What is the absorption rate per month? - ANSWER-1.33
Economic theory holds that supply and demand tend to move toward a point of: -
ANSWER-Equilibrium
20 lots sold in a year. What is the absorption rate per month? - ANSWER-1.67
What is the most dominant factor that affects legal permissibility? - ANSWER-
Zoning ordinances
An appraiser is trying to compile a list of potential legal uses for a piece of vacant
property. What problem might he encounter in making this determination? -
ANSWER-Legality is subject to manipulation by local officials
What is the problem in determining what is legal? - ANSWER-It is subject to
manipulation by local officials
3
, A parcel is valued at $240,000. Zoning allows it to be subdivided into 5 lots and it
is estimated that each lot could sell for $65,000. Site development (sewer, grading,
road, etc.) would cost $50,000. What is the highest and best use? - ANSWER-
Subdivide it into 5 lots
Plottage is: - ANSWER-a value
One of the first steps in highest and best use analysis is to determine a site's: -
ANSWER-Legal permissibility
Which is not one of the four criteria for highest and best use? - ANSWER-Social
acceptability
"The concept that land cannot be valued on the basis of one use while the
improvements are valued on the basis of another" is the theory of - ANSWER-
Consistent
What is the first stage in the life cycle of a neighborhood? - ANSWER-growth
Which is not an advantage of community living? - ANSWER-Common cooking
facilities
Which is usually the longest stage in the life cycle of a neighborhood? -
ANSWER-stability
The average family in the United States is now Below ________. - ANSWER-3.0
Put these terms in order from earliest to latest. Suburban sprawl Village concept
Urban growth - ANSWER-Urban growth, suburban sprawl, village concept
4
