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