©THESTAR 2025 ALL RIGHTS RESERVED 11:44 AM A+
Basic Appraisal Principles – Review Exam
Questions And Answers |Latest 2025 |
Guaranteed Pass
"The act of transferring an interest in property or some right (such as contract benefits) to
another" is the definition of
assignment
novation
codicil
acceptance - Answer✔assignment
What is the mean of the following set of gross rent multipliers? (95, 93, 120, 94, 93, 129)
93
94.5
101.5
104 - Answer✔104
Forty percent of the houses in a neighborhood are Colonials and 18% are Cape Cods. There are
a total of 200 houses. How many are Cape Cods?
36
40
48
80 - Answer✔36
All of the following would typically be considered to be personal property EXCEPT
portable dishwasher
wall to wall carpeting
countertop microwave
clothes dryer - Answer✔wall to wall carpeting
1|Page
, ©THESTAR 2025 ALL RIGHTS RESERVED 11:44 AM A+
The current number of appraisal education hours required for Certified General Appraiser
applicants is ______ hours.
180
200
300
360 - Answer✔300
Modern definitions of the word "appraisal" have replaced the word _______ with ________.
pounds, dollars
time, market conditions
value, cost
estimate, opinion - Answer✔estimate, opinion
A problem with the real property market is that the amount of ________ is slow to change.
demand
new customers
supply
supply and demand - Answer✔supply
The Equal Credit Opportunity Act (ECOA) is enforced by:
Consumer Financial Protection Bureau
State fair lending enforcement agencies
Federal Reserve Board (FRB)
Department of Housing and Urban Development (HUD) - Answer✔Consumer Financial
Protection Bureau
"A mortgage in which the interest rate may move up or down, following a specified schedule or
in accordance with the movements of a standard or index to which it is tied" is the definition of
a(n) ______________ mortgage.
adjustable rate
interest only
index
fluctuating - Answer✔adjustable rate
2|Page
Basic Appraisal Principles – Review Exam
Questions And Answers |Latest 2025 |
Guaranteed Pass
"The act of transferring an interest in property or some right (such as contract benefits) to
another" is the definition of
assignment
novation
codicil
acceptance - Answer✔assignment
What is the mean of the following set of gross rent multipliers? (95, 93, 120, 94, 93, 129)
93
94.5
101.5
104 - Answer✔104
Forty percent of the houses in a neighborhood are Colonials and 18% are Cape Cods. There are
a total of 200 houses. How many are Cape Cods?
36
40
48
80 - Answer✔36
All of the following would typically be considered to be personal property EXCEPT
portable dishwasher
wall to wall carpeting
countertop microwave
clothes dryer - Answer✔wall to wall carpeting
1|Page
, ©THESTAR 2025 ALL RIGHTS RESERVED 11:44 AM A+
The current number of appraisal education hours required for Certified General Appraiser
applicants is ______ hours.
180
200
300
360 - Answer✔300
Modern definitions of the word "appraisal" have replaced the word _______ with ________.
pounds, dollars
time, market conditions
value, cost
estimate, opinion - Answer✔estimate, opinion
A problem with the real property market is that the amount of ________ is slow to change.
demand
new customers
supply
supply and demand - Answer✔supply
The Equal Credit Opportunity Act (ECOA) is enforced by:
Consumer Financial Protection Bureau
State fair lending enforcement agencies
Federal Reserve Board (FRB)
Department of Housing and Urban Development (HUD) - Answer✔Consumer Financial
Protection Bureau
"A mortgage in which the interest rate may move up or down, following a specified schedule or
in accordance with the movements of a standard or index to which it is tied" is the definition of
a(n) ______________ mortgage.
adjustable rate
interest only
index
fluctuating - Answer✔adjustable rate
2|Page
