RESIDENTIAL SALES UPDATED TEST PAPER QUESTIONS
AND SOLUTIONS GUARANTEE A+
✔✔Qualitative - ✔✔"The process of accounting for differences (such as between
comparable properties and the subject property) that are not quantified; may be
combined with quantitative analysis" is the definition of ____________ analysis
✔✔Graphic Analysis - ✔✔Which of the following is NOT a form of qualitative analysis?
✔✔Relative comparison - ✔✔The procedure in which we employ just plusses and
minuses in sales comparison is called ______________ analysis.
✔✔Ranking - ✔✔Which is NOT a form of quantitative analysis?
✔✔Relative comparison - ✔✔The procedure in the sales comparison approach in which
we employ just plusses and minuses is called ______________ analysis.
✔✔Quantitative adjustments - ✔✔In the sale comparison approach, the process of
making numerical adjustments to the sale prices of comparable properties" is the
definition of
✔✔Graphic - ✔✔Which of the following is NOT a form of qualitative analysis?
✔✔It cannot be given a numerical value - ✔✔Which of the following is FALSE,
concerning quantitative analysis?
✔✔$4,000 - ✔✔Comparable A sells for $240,000 and contains 2,300 SF. Comparable B
is similar in all aspects, except it contains 2,100 SF, and it sells for $232,000. If our
subject property contains 2,200 square feet and Comparable 1 has 2,100 square feet, it
would warrant an adjustment of
✔✔Comparative analysis - ✔✔Comparable A sells for $240,000 and contains 2,300 SF.
Comparable B is similar in all aspects, except it contains 2,100 SF, and it sells for
$232,000. If our subject property contains 2,200 square feet and Comparable 1 has
2,100 square feet, it would warrant an adjustment of
✔✔Both quantitative and qualitative analysis separately or together - ✔✔Comparative
analysis may employ
✔✔Cost - ✔✔A quantitative adjustment technique in the sales comparison approach;
adjustments are based on cost indicators such as depreciated building cost, cost to
cure, or permit fees" is the definition of
, ✔✔Ascending or descending - ✔✔In ranking analysis, the data is ranked in
____________ order.
✔✔Relative comparison - ✔✔A qualitative technique for analyzing comparable sales;
used to determine whether the characteristics of a comparable property are inferior,
superior, or equal to those of the subject property" is the definition of _____________
analysis.
✔✔Graphic analysis - ✔✔Quantitative techniques used to identify and measure
adjustments to the sale prices of comparable properties; a variant of statistical analysis
in which an appraiser interprets graphically displayed data visually or through curve fit
analysis" is the definition of
✔✔Real property rights appraised - ✔✔In traditional appraisal theory, the first step in
the adjustment sequence is an adjustment for
✔✔Partial interest - ✔✔Divided or undivided rights in real estate that represent less than
the whole (a fractional interest)" is the definition of
✔✔The contract rent is less than market rent - ✔✔A leasehold interest may have value
when
✔✔Easement in gross - ✔✔"An easement that benefits a legal person or entity
(individual, corporation, partnership, LLC, government entity, etc.) and not a particular
tract of land; an easement having a servient estate but no dominant estate" is the
definition of a(an)
✔✔Leased fee estate - ✔✔When appraising a 4-unit property and at least one unit is
leased, the property rights would be
✔✔Affirmative Easement - ✔✔The right to perform a specific action on a property
owned by another" is the definition of
✔✔Fee - ✔✔The most desirable form of timesharing is called ___________
timesharing.
✔✔Joint Tenancy and Tenancy by the Entirety - ✔✔Which ownership includes a right of
survivorship?
✔✔Both general and limited partners - ✔✔A limited partnership has
✔✔Corporation - ✔✔An organization that acts as a single legal entity in performing
certain activities, usually business for profit; also includes charitable, educational, and
religious organizations" is the definition of
AND SOLUTIONS GUARANTEE A+
✔✔Qualitative - ✔✔"The process of accounting for differences (such as between
comparable properties and the subject property) that are not quantified; may be
combined with quantitative analysis" is the definition of ____________ analysis
✔✔Graphic Analysis - ✔✔Which of the following is NOT a form of qualitative analysis?
✔✔Relative comparison - ✔✔The procedure in which we employ just plusses and
minuses in sales comparison is called ______________ analysis.
✔✔Ranking - ✔✔Which is NOT a form of quantitative analysis?
✔✔Relative comparison - ✔✔The procedure in the sales comparison approach in which
we employ just plusses and minuses is called ______________ analysis.
✔✔Quantitative adjustments - ✔✔In the sale comparison approach, the process of
making numerical adjustments to the sale prices of comparable properties" is the
definition of
✔✔Graphic - ✔✔Which of the following is NOT a form of qualitative analysis?
✔✔It cannot be given a numerical value - ✔✔Which of the following is FALSE,
concerning quantitative analysis?
✔✔$4,000 - ✔✔Comparable A sells for $240,000 and contains 2,300 SF. Comparable B
is similar in all aspects, except it contains 2,100 SF, and it sells for $232,000. If our
subject property contains 2,200 square feet and Comparable 1 has 2,100 square feet, it
would warrant an adjustment of
✔✔Comparative analysis - ✔✔Comparable A sells for $240,000 and contains 2,300 SF.
Comparable B is similar in all aspects, except it contains 2,100 SF, and it sells for
$232,000. If our subject property contains 2,200 square feet and Comparable 1 has
2,100 square feet, it would warrant an adjustment of
✔✔Both quantitative and qualitative analysis separately or together - ✔✔Comparative
analysis may employ
✔✔Cost - ✔✔A quantitative adjustment technique in the sales comparison approach;
adjustments are based on cost indicators such as depreciated building cost, cost to
cure, or permit fees" is the definition of
, ✔✔Ascending or descending - ✔✔In ranking analysis, the data is ranked in
____________ order.
✔✔Relative comparison - ✔✔A qualitative technique for analyzing comparable sales;
used to determine whether the characteristics of a comparable property are inferior,
superior, or equal to those of the subject property" is the definition of _____________
analysis.
✔✔Graphic analysis - ✔✔Quantitative techniques used to identify and measure
adjustments to the sale prices of comparable properties; a variant of statistical analysis
in which an appraiser interprets graphically displayed data visually or through curve fit
analysis" is the definition of
✔✔Real property rights appraised - ✔✔In traditional appraisal theory, the first step in
the adjustment sequence is an adjustment for
✔✔Partial interest - ✔✔Divided or undivided rights in real estate that represent less than
the whole (a fractional interest)" is the definition of
✔✔The contract rent is less than market rent - ✔✔A leasehold interest may have value
when
✔✔Easement in gross - ✔✔"An easement that benefits a legal person or entity
(individual, corporation, partnership, LLC, government entity, etc.) and not a particular
tract of land; an easement having a servient estate but no dominant estate" is the
definition of a(an)
✔✔Leased fee estate - ✔✔When appraising a 4-unit property and at least one unit is
leased, the property rights would be
✔✔Affirmative Easement - ✔✔The right to perform a specific action on a property
owned by another" is the definition of
✔✔Fee - ✔✔The most desirable form of timesharing is called ___________
timesharing.
✔✔Joint Tenancy and Tenancy by the Entirety - ✔✔Which ownership includes a right of
survivorship?
✔✔Both general and limited partners - ✔✔A limited partnership has
✔✔Corporation - ✔✔An organization that acts as a single legal entity in performing
certain activities, usually business for profit; also includes charitable, educational, and
religious organizations" is the definition of
