MCKISSOCK BASIC APPRAISAL
PRINCIPLES I PRACTICE EXAMINATION
2026 QUESTIONS WITH ANSWERS
GUARANTEED TO PASS.
An appraisal is a( n) ____________ of value. A) guarantee B)
prediction C) opinio D) summary. Answer: opinion
The right of government that gives the state titular ownership of a
property when its owner dies without a will or any ascertainable heirs is
called: A) eminent domain B) condemnation C) accrual D) escheat.
Answer: escheat
Physical land and appurtenances attached to the land is the definition
of: A) real property B) personal property C) fixture D) real estate.
Answer: real estate
"The right to construct and maintain tunnels, subways, subcellars,
pipelines, sewers, etc." is the definition of ___________ rights. A)
chattel B) subsurface C) surface D)air. Answer: subsurface
, Public limitations on private property rights include all of the
following EXCEPT A)CC&Rs B)taxation C)eminent domain D)escheat.
Answer: CC&Rs
Which would NOT be a characteristic of a good appraisal? A)
concise B) unsupported
C) accurate
D) unbiased. Answer: unsupported
"The party or parties who engage, by employment or contract, an
appraiser in a specific assignment" is the definition of A) homeowner
B) lender
C) intended user
D) client. Answer: client
A legal description is defined as. Answer: "A description of land that
identifies the real estate according to a system established or approved
by law; an exact description that enables the real estate to be located and
identified."
The three most common systems of legal descriptions are:. Answer:
-Lot and block
-Metes and bounds
-Rectangular survey
, The lot and block system is defined as (useless without a map).
Answer: "A system for the legal description of land that refers to parcels'
lot and block numbers, which appear on recorded maps and plats of
subdivided land; may also be used for assessment maps."
The lot and block system is the most recent of the systems of legal
description. It came into common usage in the 1950s with the
development of large subdivisions. A lot and block description might
consist of something like "Lot 72, in Block 13, of Section 10 on Map
#1256."
Metes and bounds is defined as. Answer: "A system for the legal
description of land that refers to the parcel's boundaries, which are
formed by the point of beginning (POB) and all intermediate points
(bounds) and the courses or angular direction of each point (metes)."
This is the earliest of the systems of legal description utilized in the
United States. Today, it is used primarily in the 13 original colonies.
1 Full Circle = 360°
1°=
1' =
, 1° =. Answer: 60' (60 "Minutes")
60" (60 "Seconds")
3,600" (60 Seconds per Minute x 60 Minutes per Degree)
North 33°10'12" East would read as.... Answer: This would be read
as "North 33 Degrees, 10 Minutes, 12 Seconds East"
Here are some basic units of linear measurement:. Answer: 1 Mile =
8 Furlongs
1 Furlong = 660 Feet, or 10 Chains
1 Chain = 66 Feet, or 4 Rods
1 Rod = 16.5 Feet, or 25 Links
1 Link = 7.92 Inches, or 0.67 Feet
For measuring land area, the most important unit of measurement is the
acre, which consists of 43,560 square feet.
PRINCIPLES I PRACTICE EXAMINATION
2026 QUESTIONS WITH ANSWERS
GUARANTEED TO PASS.
An appraisal is a( n) ____________ of value. A) guarantee B)
prediction C) opinio D) summary. Answer: opinion
The right of government that gives the state titular ownership of a
property when its owner dies without a will or any ascertainable heirs is
called: A) eminent domain B) condemnation C) accrual D) escheat.
Answer: escheat
Physical land and appurtenances attached to the land is the definition
of: A) real property B) personal property C) fixture D) real estate.
Answer: real estate
"The right to construct and maintain tunnels, subways, subcellars,
pipelines, sewers, etc." is the definition of ___________ rights. A)
chattel B) subsurface C) surface D)air. Answer: subsurface
, Public limitations on private property rights include all of the
following EXCEPT A)CC&Rs B)taxation C)eminent domain D)escheat.
Answer: CC&Rs
Which would NOT be a characteristic of a good appraisal? A)
concise B) unsupported
C) accurate
D) unbiased. Answer: unsupported
"The party or parties who engage, by employment or contract, an
appraiser in a specific assignment" is the definition of A) homeowner
B) lender
C) intended user
D) client. Answer: client
A legal description is defined as. Answer: "A description of land that
identifies the real estate according to a system established or approved
by law; an exact description that enables the real estate to be located and
identified."
The three most common systems of legal descriptions are:. Answer:
-Lot and block
-Metes and bounds
-Rectangular survey
, The lot and block system is defined as (useless without a map).
Answer: "A system for the legal description of land that refers to parcels'
lot and block numbers, which appear on recorded maps and plats of
subdivided land; may also be used for assessment maps."
The lot and block system is the most recent of the systems of legal
description. It came into common usage in the 1950s with the
development of large subdivisions. A lot and block description might
consist of something like "Lot 72, in Block 13, of Section 10 on Map
#1256."
Metes and bounds is defined as. Answer: "A system for the legal
description of land that refers to the parcel's boundaries, which are
formed by the point of beginning (POB) and all intermediate points
(bounds) and the courses or angular direction of each point (metes)."
This is the earliest of the systems of legal description utilized in the
United States. Today, it is used primarily in the 13 original colonies.
1 Full Circle = 360°
1°=
1' =
, 1° =. Answer: 60' (60 "Minutes")
60" (60 "Seconds")
3,600" (60 Seconds per Minute x 60 Minutes per Degree)
North 33°10'12" East would read as.... Answer: This would be read
as "North 33 Degrees, 10 Minutes, 12 Seconds East"
Here are some basic units of linear measurement:. Answer: 1 Mile =
8 Furlongs
1 Furlong = 660 Feet, or 10 Chains
1 Chain = 66 Feet, or 4 Rods
1 Rod = 16.5 Feet, or 25 Links
1 Link = 7.92 Inches, or 0.67 Feet
For measuring land area, the most important unit of measurement is the
acre, which consists of 43,560 square feet.
