RESIDENTIAL MARKET ANALYSIS
UPDATED ACTUAL EXAM QUESTIONS AND
CORRECT ANSWERS
●● ROI equation
Answer: Profit/Cost
●● Legal, Nonconforming uses can take the form of:
Answer: Under-improvements or over-imrovements
●● A __________ ampere service is the minimum standard today for
structures that do not have electric heat or central air conditioning.
Answer: 100
●● A neighborhood characterized by homogeneous land use, e.g.,
apartment, commercial, industrial, agricultural" defines ________.
Answer: District
●● Which highest and best use criterion would require an appraiser to
consider the frontage of the site?
Answer: Physically Possible
, ●● Prior to initiating the market analysis process, the appraiser must
first decide ________________.
Answer: Who the typical buyer would be
●● The Consistent-Use Theory says the _______________ must all be
valued considering the same highest and best use of the property.
Answer: Land and the buildings
●● Deed restrictions are an example of __________ restrictions on land
use.
Answer: Private
●● _________________ are the most restrictive of the restrictions in
place for the land's use.
Answer: Developer's Covenants
●● Going concern value includes an operating business with
______________________ assets.
Answer: Tangible and intangible
●● The capacity of a furnace heating system is measured in _______.
Answer: BTUs
UPDATED ACTUAL EXAM QUESTIONS AND
CORRECT ANSWERS
●● ROI equation
Answer: Profit/Cost
●● Legal, Nonconforming uses can take the form of:
Answer: Under-improvements or over-imrovements
●● A __________ ampere service is the minimum standard today for
structures that do not have electric heat or central air conditioning.
Answer: 100
●● A neighborhood characterized by homogeneous land use, e.g.,
apartment, commercial, industrial, agricultural" defines ________.
Answer: District
●● Which highest and best use criterion would require an appraiser to
consider the frontage of the site?
Answer: Physically Possible
, ●● Prior to initiating the market analysis process, the appraiser must
first decide ________________.
Answer: Who the typical buyer would be
●● The Consistent-Use Theory says the _______________ must all be
valued considering the same highest and best use of the property.
Answer: Land and the buildings
●● Deed restrictions are an example of __________ restrictions on land
use.
Answer: Private
●● _________________ are the most restrictive of the restrictions in
place for the land's use.
Answer: Developer's Covenants
●● Going concern value includes an operating business with
______________________ assets.
Answer: Tangible and intangible
●● The capacity of a furnace heating system is measured in _______.
Answer: BTUs
