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McKissock-Understanding Luxury Home
Features. Exam Questions and Answers
100% Pass
A contractor charges $12.83 per square foot to install a paver driveway versus $5.00 per square
foot to install an asphalt driveway. Will the paver driveway automatically provide more
contributory value to a luxury home's market value than an asphalt driveway? - ANS No,
value does not necessarily equal cost. Value depends on several factors.
Which of the following factors could impact value (or worth)? - ANS Supply and demand
Opportunity cost
Conformity
*All of these.*
When we talk about details in a home, we are referring to all of the following, EXCEPT: -
ANS The rarity of the materials used in the home.
Some may define luxury homes as those homes that are in the top 5-10% price segment of its
specific market. Similarly, a luxury home may be classified as those homes that sell at or cost
more than two to three times the median home price in its respective market area. Which of
the following is a STRENGTH of this definition? - ANS These two definitions help classify
luxury homes in a manner that is more comparable throughout the country.
5 of 5Which one of the following statements about cost and value is FALSE? - ANS Per
USPAP, value is the amount required to create, produce, or obtain a property while cost is the
monetary relationship between properties and those who buy, sell, or use those properties.
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, ©FYNDLAY 2025 ALL RIGHTS RESERVED
The roofing material that is the most durable, heavy, and expensive is: - ANS Slate
Bay and bow windows in luxury homes typically differ from the same type of window design in
moderately designed homes in which way? - ANS The group of windows has a more gradual
curve rather than sharp angles.
A luxury home's basement typically: - ANS Has a height taller than the standard 8 feet.
Tiles can be concrete, clay, or terracotta. Which of these three tile materials is the least
expensive? - ANS Concrete
Logs absorb and store energy from the furnace or air conditioner to help keep the inside at a
comfortable temperature in all seasons, which is known as __________. - ANS Thermal Mass
Which of the following is NOT a desirable element of a modern luxury log home? -
ANS Marble flooring.
Which of the following statements regarding a luxury home's foundation is FALSE? -
ANS Luxury homeowners prefer to not finish a basement unless it is a walkout basement and
directly flows into an outdoor living space.
Which of the following design shapes is the easiest to build? - ANS Rectangle
Which of the following statements regarding a luxury home's exterior design is FALSE? -
ANS A luxury home's design must conform to neighboring properties.
Which roofing material is the most versatile for creating several different looks as the shingles
are available in a variety of colors, shapes, and cuts. - ANS Dimensional asphalt shingle
©FYNDLAY 2
McKissock-Understanding Luxury Home
Features. Exam Questions and Answers
100% Pass
A contractor charges $12.83 per square foot to install a paver driveway versus $5.00 per square
foot to install an asphalt driveway. Will the paver driveway automatically provide more
contributory value to a luxury home's market value than an asphalt driveway? - ANS No,
value does not necessarily equal cost. Value depends on several factors.
Which of the following factors could impact value (or worth)? - ANS Supply and demand
Opportunity cost
Conformity
*All of these.*
When we talk about details in a home, we are referring to all of the following, EXCEPT: -
ANS The rarity of the materials used in the home.
Some may define luxury homes as those homes that are in the top 5-10% price segment of its
specific market. Similarly, a luxury home may be classified as those homes that sell at or cost
more than two to three times the median home price in its respective market area. Which of
the following is a STRENGTH of this definition? - ANS These two definitions help classify
luxury homes in a manner that is more comparable throughout the country.
5 of 5Which one of the following statements about cost and value is FALSE? - ANS Per
USPAP, value is the amount required to create, produce, or obtain a property while cost is the
monetary relationship between properties and those who buy, sell, or use those properties.
©FYNDLAY 1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED
The roofing material that is the most durable, heavy, and expensive is: - ANS Slate
Bay and bow windows in luxury homes typically differ from the same type of window design in
moderately designed homes in which way? - ANS The group of windows has a more gradual
curve rather than sharp angles.
A luxury home's basement typically: - ANS Has a height taller than the standard 8 feet.
Tiles can be concrete, clay, or terracotta. Which of these three tile materials is the least
expensive? - ANS Concrete
Logs absorb and store energy from the furnace or air conditioner to help keep the inside at a
comfortable temperature in all seasons, which is known as __________. - ANS Thermal Mass
Which of the following is NOT a desirable element of a modern luxury log home? -
ANS Marble flooring.
Which of the following statements regarding a luxury home's foundation is FALSE? -
ANS Luxury homeowners prefer to not finish a basement unless it is a walkout basement and
directly flows into an outdoor living space.
Which of the following design shapes is the easiest to build? - ANS Rectangle
Which of the following statements regarding a luxury home's exterior design is FALSE? -
ANS A luxury home's design must conform to neighboring properties.
Which roofing material is the most versatile for creating several different looks as the shingles
are available in a variety of colors, shapes, and cuts. - ANS Dimensional asphalt shingle
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