APPRAISAL FINAL EXAM / EXPERT STRATEGIES,
REVIEW OF KEY QUIZZES, AND PRACTICE
QUESTIONS FOR GUARANTEED SUCCESS’
Terms in this set (50)
Which circumstance might a. market conditions are known by seller
cause a transaction NOT to b. Property has been adequately exposed
be arm's length?
c. seller was not influenced by hast or duress
d. seller was not knowledgeable of value
ANSWER: D
A document also referred to a. assemblage plan
as a tax or assessors map is b. plat map
a(n)
c. plottage map
d. none of the above
****ANSWER: B
a. 15,2000
b. 15,241.19
c. 15,267.45
d. 15,300
If a property's effective gross
income is $14,351.40 and
***ANSWER: D
vacancy is calculated at 6.2%,
what is the potential gross EGI is PGI minus vacancy loss. Therefore, if you know the
income EGI, to find PGI, you ned to add back in the vacancy loss. If
the vacancy loss is 6.2%, you know that $14,351.40 is
93.8% of the PGI (100%-6.2%. Now you can divide
$14,351.40 by .938 to find PGI of
$15,300.00
, For the appraisal of an older a. cost conclusions
single-family residential b. market rents
dwelling, where should the
c. recent listing
appraiser put his reliance?
d. recent sales
ANSWER: D
Replacement cost new a. always the same
and reproduction cost b. only different in custom-built homes
new are
c. only the same in new construction
d. none of the above.
ANSWER: C
If the gross monthly rent a. $108,000
multiplier is 180 and b. $110,000
monthly rent is $600,
c. $160,000
what's the value of the
subject? d. $180,000
ANSWER: A
a. an amenity
The second bedroom of a b. an aversion
house must be accessed c. eminent domain
through the first bedroom. d. functional obsolescence
This is considered
ANSWER: D
REVIEW OF KEY QUIZZES, AND PRACTICE
QUESTIONS FOR GUARANTEED SUCCESS’
Terms in this set (50)
Which circumstance might a. market conditions are known by seller
cause a transaction NOT to b. Property has been adequately exposed
be arm's length?
c. seller was not influenced by hast or duress
d. seller was not knowledgeable of value
ANSWER: D
A document also referred to a. assemblage plan
as a tax or assessors map is b. plat map
a(n)
c. plottage map
d. none of the above
****ANSWER: B
a. 15,2000
b. 15,241.19
c. 15,267.45
d. 15,300
If a property's effective gross
income is $14,351.40 and
***ANSWER: D
vacancy is calculated at 6.2%,
what is the potential gross EGI is PGI minus vacancy loss. Therefore, if you know the
income EGI, to find PGI, you ned to add back in the vacancy loss. If
the vacancy loss is 6.2%, you know that $14,351.40 is
93.8% of the PGI (100%-6.2%. Now you can divide
$14,351.40 by .938 to find PGI of
$15,300.00
, For the appraisal of an older a. cost conclusions
single-family residential b. market rents
dwelling, where should the
c. recent listing
appraiser put his reliance?
d. recent sales
ANSWER: D
Replacement cost new a. always the same
and reproduction cost b. only different in custom-built homes
new are
c. only the same in new construction
d. none of the above.
ANSWER: C
If the gross monthly rent a. $108,000
multiplier is 180 and b. $110,000
monthly rent is $600,
c. $160,000
what's the value of the
subject? d. $180,000
ANSWER: A
a. an amenity
The second bedroom of a b. an aversion
house must be accessed c. eminent domain
through the first bedroom. d. functional obsolescence
This is considered
ANSWER: D
