McKissock - Basic Appraisal Principles- GA Ch.12 with complete verified solutions.

Taxes would be a(n) _____________ force affecting property values. social governmental physical environmental governmental Value is influenced by buyers only external market forces sellers only appraisers external market forces Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen Which would NOT be a governmental force impacting value? topography education building codes transportation topography True or False? In addition to federal environmental authorities, each state has its own agency that controls environmental issues. true An optimal U.S. unemployment rate would be 0% 6% 3% to 4% 7% to 9% 3% to 4% The cost of construction is based on three factors. What are they? land, materials, and labor lumber, masonry, excavation labor, building permits, environmental regulations land, buildings, site improvements land, materials, and labor After the crash of the mortgage lending industry in the late 2000s, lenders that remained in business tightened their underwriting standards began offering 100% loans with no PMI loosened their underwriting standards began offering more "stated income" loans tightened their underwriting standards __________ industries consist of major employers in an area, that are net exporters that produce goods that are shipped outside the region. Government Small business Basic Employment Basic What would be a drawback of building a structure on sandy soil? poor drainage additional footings or structural support may be required sandy soil tends to mean there is steep topography blasting or jackhammering will be required additional footings or structural support may be required True or False? Topography may preclude development entirely in some areas. true Environmental influences on property values are sometimes called ________ influences. demand social economic physical physical The federal agency responsible for navigation and flood control is HUD NOAA EPA U.S. Army Corps of Engineers U.S. Army Corps of Engineers Generally, low interest rates encourage _________, while high interest rates encourage __________. taxing, spending borrowing, saving saving, consuming selling, buying borrowing, saving An example of something that likely has no value in most situations is air a cup of pencils a lot with hilly topography a building that is in poor condition air All of the following are forms of community living ownership except Condominiums Cooperatives Farmsteads Retirement villages Farmsteads All of the following would be social influences EXCEPT ages of residents building codes family formations population trends building codes Most insurance companies will give you a break on your fire insurance if you are within a certain distance from a convenience store fire hydrant fire alarm river fire hydrant When analyzing an income property, it is generally true that a property that is more valuable should not be sold on the open market have higher expenses be able to generate more rent have fewer amenities be able to generate more rent A large good quality mansion is built in a market area where no one can afford to purchase it. This demonstrates lack of scarcity effective purchasing power desire environmental regulations effective purchasing power