CA DRE SALESPERSON EXAM| COMPLETE QUESTIONS WITH 100% RATED CORRECT ANSWERS
| GRADED A+ | 2025/2026 LATEST UPDATE
Office of Thrift Supervision (OTS) Created by FIRREA to take over the responsibilities of the
disbanded Federal Home Loan Bank Board
FIRREA Financial Institution Reform, Recovery, and Enforcement Act, 1989
Paired Data Analysis Technique for measuring the effect on value that is caused by
differences in a single element of comparisons.
Deminimus Value Do not require the services of an appraiser and are set by the FIRREA as
being under $250,000
Accuracy of data is measured by... How well it has been verified.
Community Property Husband and wife share interest equally in the property
BTU The quantity of heat required to raise one pound of water one degree Farenheit
Compound Interest Interest earned on both principal and accrued (paid) interest
,Hip Roof A roof that has inclined surfaces that rise from every wall of the house.
Competency Rule Prohibits appraisers from accepting assignments for which they are not
qualified
USPAP Uniform Standards of Professional Appraisal Practice
The Appraisal Standards Board Develops, interprets and amends the Uniform Standards of
Professional Appraisal Practice (USPAP)
Sustitution Principle that states a buyer will not pay more for a property than it would cost
to acquire a substitute property of equal utility.
Net Adjustment The net sum of positive and negative adjustments
Cost Approach Assumes the value of the improved property is indicated by the value of the
site, plus the cost of improvements, minus depreciation.
Sill A horizontal piece at the bottom of a window
Recapture The repayment of capital return of the investment.
, Relative Comparison Analysis Analysis where adjustment values are expressed in terms of
value (superior, inferior, etc)
Functional Obsolescense Depreciation caused by design defects.
Sheathing The "skin" that is attached to the frame of the house.
Range Value The appraiser's estimate of the range in which the property's value is most
likely to fall
A legal definition of property Is one that is adequate to identify the properties exact
boundaries
Condominium Project Each living unit (air space) is owned separately in a fee simple.
Right Triangle A triangle where the two sides meet at a right angle.
Secondary Mortgage Markets Freddie Mac, Fannie Mae, Ginnie Mae
Ad Valorem Taxes Taxes based on the value of real estate
| GRADED A+ | 2025/2026 LATEST UPDATE
Office of Thrift Supervision (OTS) Created by FIRREA to take over the responsibilities of the
disbanded Federal Home Loan Bank Board
FIRREA Financial Institution Reform, Recovery, and Enforcement Act, 1989
Paired Data Analysis Technique for measuring the effect on value that is caused by
differences in a single element of comparisons.
Deminimus Value Do not require the services of an appraiser and are set by the FIRREA as
being under $250,000
Accuracy of data is measured by... How well it has been verified.
Community Property Husband and wife share interest equally in the property
BTU The quantity of heat required to raise one pound of water one degree Farenheit
Compound Interest Interest earned on both principal and accrued (paid) interest
,Hip Roof A roof that has inclined surfaces that rise from every wall of the house.
Competency Rule Prohibits appraisers from accepting assignments for which they are not
qualified
USPAP Uniform Standards of Professional Appraisal Practice
The Appraisal Standards Board Develops, interprets and amends the Uniform Standards of
Professional Appraisal Practice (USPAP)
Sustitution Principle that states a buyer will not pay more for a property than it would cost
to acquire a substitute property of equal utility.
Net Adjustment The net sum of positive and negative adjustments
Cost Approach Assumes the value of the improved property is indicated by the value of the
site, plus the cost of improvements, minus depreciation.
Sill A horizontal piece at the bottom of a window
Recapture The repayment of capital return of the investment.
, Relative Comparison Analysis Analysis where adjustment values are expressed in terms of
value (superior, inferior, etc)
Functional Obsolescense Depreciation caused by design defects.
Sheathing The "skin" that is attached to the frame of the house.
Range Value The appraiser's estimate of the range in which the property's value is most
likely to fall
A legal definition of property Is one that is adequate to identify the properties exact
boundaries
Condominium Project Each living unit (air space) is owned separately in a fee simple.
Right Triangle A triangle where the two sides meet at a right angle.
Secondary Mortgage Markets Freddie Mac, Fannie Mae, Ginnie Mae
Ad Valorem Taxes Taxes based on the value of real estate
