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APPRAISAL TEST - MODULE 2 - Chapter 4B, 5, 6, 7 Questions And Answers 100% Guaranteed Pass! 2024 $14.39   Add to cart

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APPRAISAL TEST - MODULE 2 - Chapter 4B, 5, 6, 7 Questions And Answers 100% Guaranteed Pass! 2024

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APPRAISAL TEST - MODULE 2 - Chapter 4B, 5, 6, 7 Questions And Answers 100% Guaranteed Pass! 2024 Which is an example of real estate put to its highest and best use?-a. a flat, paved parking lot in downtown Cleveland b. a house in a residential subdivision c. an old house on a major highway su...

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  • August 29, 2024
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APPRAISAL TEST - MODULE 2 - Chapter 4B, 5, 6, 7
Questions And Answers 100% Guaranteed Pass! 2024
Which is an example of real estate put to its highest and best use?-a. a flat, paved parking lot in
downtown Cleveland

b. a house in a residential subdivision

c. an old house on a major highway surrounded by commercial buildings

d. a vacant lot



ANSWER: B



When considering highest and best use, which is MOST LIKELY to be included within the test of "legally
permissible"?-a. allowable to zoning

b. hazard insurance could be obtained

c. police protection is available

d. title is free of encumbrances



ANSWER: A



When considering highest and best use, which is LEAST LIKELY to be included within the test of
"physically possible"?-a. building materials

b. building set back lines

c. parking requirements

d. size of the building



***ANSWER: A

, A neighborhood is undergoing much rehabilitation and property improvement. The movement is not
part of any public movement or initiative but rather from a general trend toward people desiring to live
there. What phase of the neighborhood life cycle is MOST LIKELY being evidenced?-a. expansion

b. gentrification

c. growth

d. transition



ANSWER: B



Construction methods, including things such as electrical wiring for a structure or the use or particular
materials, must meet minimum standards set forth in-a. blueprints

b. building codes

c. permits

d. specifications



***ANSWER: B



A lot of 150' x 600'. The owner is asking $2,80 per square foot. What's the asking price?-a. 90,000

b. 252,000

c. 300,000

d. 420,000



ANSWER: B



The load-bearing skeleton of a structure to which the interior walls, exterior walls, and roof system are
attached is called-a. building envelope

b. drywall

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