CG Exam Prep
Question 1
THE SALE PRICE CONSTANT IS $250,000. THE VARIABLE IS $35 PER SQUARE FOOT.
THE SUBJECT IMPROVEMENT IS 3,545 SQUARE FEET. NOI IS $25,000, WHAT IS THE
VALUE OF THE SUBJECT?
A. $124,1/2
b. $250,000
c. $274,half
d. $374,half - ANS-Correct Answer: D
Simple Linear Regression
y = a + bx
374,half = 250,000 + (35 x three,545)
Question 2
A 15-12 months old office belongings currently bought for $1,400,000. The fee to replace the
building is $1,625,000. Land in that office complex sells for $30,000 consistent with acre and
this sale had 10 acres. While the paving and landscaping value $80,000, they contributed
$50,000 to the sale. What is the yearly depreciation fee of the building?
A. 2.Three%
b. 1.3%
c. 1.Zero%
d. 6.3% - ANS-Correct Answer: A
30,000 x 10 = 300,000
1,400,000 - three hundred,000 = 1,a hundred,000
1,one hundred,000 - 50,000 = 1,050,000
1,625,000 - 1,050,000 = 575,000
575,000/1,625,000 = .353846
.353846/15 = .02358
Question three
THE PROCESS OF ENFORCING THE RIGHT OF GOVERNMENT TO TAKE PRIVATE
PROPERTY FOR PUBLIC USE IS:
1. EMINENT DOMAIN.
2. CONDEMNATION.
,Three. POLICE POWER.
4. ESCHEAT. - ANS-Correct Answer: B
Eminent domain is the proper to take assets for the coolest of the general public. Condemnation
describes the method of the taking. Escheat transfers title to a government entity when there
may be no owner diagnosed upon demise of the unique assets proprietor.
Question four
THE BLUEPRINTS OF A BUILDING INDICATE THE MEASUREMENT OF ONE WALL TO BE
forty three'nine" AND THE INTERSECTING WALL TO BE 29'3". WHAT IS THE INDICATED
SQUARE FOOTAGE OF THE BUILDING?
1. 1286
2. 1280
3. 1247
4. 1320 - ANS-Correct Answer: B
43.75 X 29.25 = 1279.6875
Inches should be transformed to tenths of a foot for this calculation.
Question five
The assignment is to cost an authorised subdivision. The task is predicted to be bought out in
three years, selling eight plenty in the first 12 months, 4 plenty within the second yr, and three
lots within the third year. The lots will promote for $88,500 every the primary yr, $91,200 the
second one year, and $93,900 in the 0.33 yr. From the sale proceeds, a 6% commission could
be paid. The task pays $10,000 in taxes within the first yr, $4,000 inside the 2d year, $2,000 in
the 1/3 12 months. All different infrastructure costs are whole. Developers require a 25% go
back on funding. What is the cost of the subdivision today, rounded to the nearest $100?
A. $664,three hundred
b. $875,900
c. $1,258,four hundred
d. $1,355,a hundred - ANS-Correct Answer: B
88,500 x 8 = 708,000
708,000 x .06 = 42,480
708,000 - 42,480 - 10,000 = 655,520
ninety one,200 x four = 364,800
364,800 x .06 = 21,888
364,800 - 21,888 - four,000 = 338,912
93,900 x three = 281,seven hundred
281,seven hundred x .06 = sixteen.902
281,seven-hundred - 16,902 - 2,000 = 262,798
,25i
655,520 g cfj
338,912 g cfj
262,798 g cfj
f npv = 875,872
Question 6
THE SUBJECT IS 60,000 SQUARE FEET. COMPARABLE 1 SOLD ONE YEAR AGO FOR
$2.92 PER SQUARE FOOT. COMPARABLE 2 SOLD ONE YEAR AGO FOR $3 PER SQUARE
FOOT. COMPARABLE three IS A CURRENT SALE FOR $3.01 PER SQUARE FOOT. WHAT IS
THE VALUE OF THE SUBJECT?
1. $175,200
2. $178,600
3. $one hundred eighty,six hundred
four. $181,000 - ANS-Correct Answer: B
three.01 E+
3 E+
2.Ninety two E+
g x = 2.9777 x 60,000 = 178,600
Question 7
A licensed residential appraiser became initially licensed as an appraiser trainee on January 30,
2008 and earned the residential certification April 15, 2010. An assignment was presented on
May three, 2010 to appraise a single own family domestic below FNMA hints with an effective
date of March 15, 2006. The file could be dated May 8, 2010. Assuming the appraiser is able, is
it legally permissable to just accept this task?
1. Yes, so long as the residential certification is valid as of the date of the file.
2. Yes, as long as the residential certification is legitimate as of the date the project is frequent.
3. No, the appraiser could need to own a valid appraisal credential on the powerful appraisal
date.
Four. No, the appraiser would must own a certification as a residential appraiser as of the
appraisal's powerful date. - ANS-Correct Answer: A
Question 8
Which of the following cannot effect cost as an environmental influence?
A. View
b. Location
c. Climate
, d. Crime - ANS-Correct Answer: D
Criminal hobby is a social price impact.
Question nine
The CPI changed into 100 in 1994 and 121.6 in 2002. What is the semi annual trade in
marketplace situations?
A. 7.25%
b. 5.25%
c. 2.7%
d. 1.35% - ANS-Correct Answer: D
121.6-one hundred=21.6
21.6/a hundred=.216
.216/8=.027
.027/2=.0135
Question 10
Compensation in a condemnation proceeding is decided via the:
a. Condemning authority
b. Property owner
c. Certified appraiser
d. Applicable court - ANS-Correct Answer: D
Condemnation is a judicial intending so that it will use facts from the 3 other solution selections
in choosing an award.
Question 11
The situation has 300 acres of stepped forward pasture, 2 hundred acres of natural pasture, and
500 acres of wooded land. The handiest comparable within the market is very similar and
bought for $1,050 in step with acre. The similar has 200 acres of progressed pasture, four
hundred acres of herbal pasture, and four hundred acres of wooded land. If herbal pasture sells
for 80 percent of stepped forward pasture, and wooded land sells for 30 percentage of
progressed pasture, what is the price of the concern?
1. $1,550/acre
2. $1,137/acre
3. $1,102/acre
4. $1,002/acre - ANS-Correct Answer: C
Comparable
Improved - 200 x 1.00 = two hundred
Natural - four hundred x .Eighty = 320
Question 1
THE SALE PRICE CONSTANT IS $250,000. THE VARIABLE IS $35 PER SQUARE FOOT.
THE SUBJECT IMPROVEMENT IS 3,545 SQUARE FEET. NOI IS $25,000, WHAT IS THE
VALUE OF THE SUBJECT?
A. $124,1/2
b. $250,000
c. $274,half
d. $374,half - ANS-Correct Answer: D
Simple Linear Regression
y = a + bx
374,half = 250,000 + (35 x three,545)
Question 2
A 15-12 months old office belongings currently bought for $1,400,000. The fee to replace the
building is $1,625,000. Land in that office complex sells for $30,000 consistent with acre and
this sale had 10 acres. While the paving and landscaping value $80,000, they contributed
$50,000 to the sale. What is the yearly depreciation fee of the building?
A. 2.Three%
b. 1.3%
c. 1.Zero%
d. 6.3% - ANS-Correct Answer: A
30,000 x 10 = 300,000
1,400,000 - three hundred,000 = 1,a hundred,000
1,one hundred,000 - 50,000 = 1,050,000
1,625,000 - 1,050,000 = 575,000
575,000/1,625,000 = .353846
.353846/15 = .02358
Question three
THE PROCESS OF ENFORCING THE RIGHT OF GOVERNMENT TO TAKE PRIVATE
PROPERTY FOR PUBLIC USE IS:
1. EMINENT DOMAIN.
2. CONDEMNATION.
,Three. POLICE POWER.
4. ESCHEAT. - ANS-Correct Answer: B
Eminent domain is the proper to take assets for the coolest of the general public. Condemnation
describes the method of the taking. Escheat transfers title to a government entity when there
may be no owner diagnosed upon demise of the unique assets proprietor.
Question four
THE BLUEPRINTS OF A BUILDING INDICATE THE MEASUREMENT OF ONE WALL TO BE
forty three'nine" AND THE INTERSECTING WALL TO BE 29'3". WHAT IS THE INDICATED
SQUARE FOOTAGE OF THE BUILDING?
1. 1286
2. 1280
3. 1247
4. 1320 - ANS-Correct Answer: B
43.75 X 29.25 = 1279.6875
Inches should be transformed to tenths of a foot for this calculation.
Question five
The assignment is to cost an authorised subdivision. The task is predicted to be bought out in
three years, selling eight plenty in the first 12 months, 4 plenty within the second yr, and three
lots within the third year. The lots will promote for $88,500 every the primary yr, $91,200 the
second one year, and $93,900 in the 0.33 yr. From the sale proceeds, a 6% commission could
be paid. The task pays $10,000 in taxes within the first yr, $4,000 inside the 2d year, $2,000 in
the 1/3 12 months. All different infrastructure costs are whole. Developers require a 25% go
back on funding. What is the cost of the subdivision today, rounded to the nearest $100?
A. $664,three hundred
b. $875,900
c. $1,258,four hundred
d. $1,355,a hundred - ANS-Correct Answer: B
88,500 x 8 = 708,000
708,000 x .06 = 42,480
708,000 - 42,480 - 10,000 = 655,520
ninety one,200 x four = 364,800
364,800 x .06 = 21,888
364,800 - 21,888 - four,000 = 338,912
93,900 x three = 281,seven hundred
281,seven hundred x .06 = sixteen.902
281,seven-hundred - 16,902 - 2,000 = 262,798
,25i
655,520 g cfj
338,912 g cfj
262,798 g cfj
f npv = 875,872
Question 6
THE SUBJECT IS 60,000 SQUARE FEET. COMPARABLE 1 SOLD ONE YEAR AGO FOR
$2.92 PER SQUARE FOOT. COMPARABLE 2 SOLD ONE YEAR AGO FOR $3 PER SQUARE
FOOT. COMPARABLE three IS A CURRENT SALE FOR $3.01 PER SQUARE FOOT. WHAT IS
THE VALUE OF THE SUBJECT?
1. $175,200
2. $178,600
3. $one hundred eighty,six hundred
four. $181,000 - ANS-Correct Answer: B
three.01 E+
3 E+
2.Ninety two E+
g x = 2.9777 x 60,000 = 178,600
Question 7
A licensed residential appraiser became initially licensed as an appraiser trainee on January 30,
2008 and earned the residential certification April 15, 2010. An assignment was presented on
May three, 2010 to appraise a single own family domestic below FNMA hints with an effective
date of March 15, 2006. The file could be dated May 8, 2010. Assuming the appraiser is able, is
it legally permissable to just accept this task?
1. Yes, so long as the residential certification is valid as of the date of the file.
2. Yes, as long as the residential certification is legitimate as of the date the project is frequent.
3. No, the appraiser could need to own a valid appraisal credential on the powerful appraisal
date.
Four. No, the appraiser would must own a certification as a residential appraiser as of the
appraisal's powerful date. - ANS-Correct Answer: A
Question 8
Which of the following cannot effect cost as an environmental influence?
A. View
b. Location
c. Climate
, d. Crime - ANS-Correct Answer: D
Criminal hobby is a social price impact.
Question nine
The CPI changed into 100 in 1994 and 121.6 in 2002. What is the semi annual trade in
marketplace situations?
A. 7.25%
b. 5.25%
c. 2.7%
d. 1.35% - ANS-Correct Answer: D
121.6-one hundred=21.6
21.6/a hundred=.216
.216/8=.027
.027/2=.0135
Question 10
Compensation in a condemnation proceeding is decided via the:
a. Condemning authority
b. Property owner
c. Certified appraiser
d. Applicable court - ANS-Correct Answer: D
Condemnation is a judicial intending so that it will use facts from the 3 other solution selections
in choosing an award.
Question 11
The situation has 300 acres of stepped forward pasture, 2 hundred acres of natural pasture, and
500 acres of wooded land. The handiest comparable within the market is very similar and
bought for $1,050 in step with acre. The similar has 200 acres of progressed pasture, four
hundred acres of herbal pasture, and four hundred acres of wooded land. If herbal pasture sells
for 80 percent of stepped forward pasture, and wooded land sells for 30 percentage of
progressed pasture, what is the price of the concern?
1. $1,550/acre
2. $1,137/acre
3. $1,102/acre
4. $1,002/acre - ANS-Correct Answer: C
Comparable
Improved - 200 x 1.00 = two hundred
Natural - four hundred x .Eighty = 320
