SCRIPT 2026 COMPREHENSIVE 200+
QUESTIONS WITH SOLUTIONS GRADED A+
⩥ Which of the following is included in an appraisal? Answer: The
property's probable monetary value on the open market
⩥ When reconstructing an operating statement, what's the term for the
amount an appraiser records to cover the cost of capital improvements to
the property, such as roof replacement? Answer: Reserves for
replacement
⩥ Which of the following view factors would explain a beneficial view
rating? Answer: Park view
⩥ In the Site section of the Uniform Residential Appraisal Report, how
is property of less than one acre noted? Answer: By the amount of
square feet
⩥ When stating the problem, which of the following does the appraiser
need to identify the subject property? Answer: A legal description and
mailing address
,⩥ What is a section? Answer: A one-square-mile square formed in the
use of the rectangular government survey system
⩥ When cold water enters a gas water heater, the gas turns on. When the
water heats up, what does the thermostat inside the heater do? Answer:
Lowers the flame
⩥ With cooperatives, the resident's share of mortgage interest and real
estate taxes is ______. Answer: Deductible on personal income tax
returns
⩥ Foundation walls are constructed on top of which of these items?
Answer: Footings
⩥ When adjusting for differences between the comparable and subject
properties, which type of adjustments should an appraiser make first?
Answer: Percentage adjustments
⩥ Which of the following is an arm's length transaction? Answer: The
buyer and seller are unknown to one another.
⩥ Why isn't the cost approach usually used to determine the value of
older properties? Answer: It's difficult to accurately estimate
depreciation with an older property.
, ⩥ Billie (Wilhelmina) Silva was just licensed as a broker, and she plans
to hang out a shingle and go into business for herself. As a sole
proprietor, which of the following business names can she NOT use?
Answer: Happy Homes Realty
⩥ Which of the following is considered a general factor that influences
the value of real estate? Answer: Changes in population levels
⩥ Ken, Dale, and James are brothers who own more than 100 acres as
tenants in common. The relationship between Ken and James
disintegrated, and so James initiated a lawsuit. The end result is that the
court gave each brother a designated set of acres to own. What was
granted by the court? Answer: Partition
⩥ The direct capitalization method would be a good choice of appraisal
method in which of the following situations? Answer: An apartment
building that has consistent income and expenses year after year.
⩥ Which type of heating system takes cool air and passes it through the
heat source using a fan or blower? Answer: Forced air
⩥ Martin sold nine houses last year. He wants to find the mean of the
sales prices of those houses. The sales prices were: $135,000; $185,000;
$200,000; $215,000; $216,000; $223,000; $223,000; $235,000; and
$242,000. What is the mean of these prices? Answer: $208,222