PRINCIPLES OF REAL ESTATE 1
COMPREHENSIVE CERTIFICATION
EVALUATION VERIFIED QUESTIONS AND
FULL SOLUTIONS
●● A means of comparing similar type properties, which have recently
sold, to the subject property is known as the?
Answer: Market Comparison Approach
●● The market comparison approach is commonly used for this property
type?
Answer: Residential
●● The amount of goods offered for sale within a given market at a
given price during a given time period is known as?
Answer: Supply
●● A real estate agent is an example of what type of agent?
Answer: Special agent
●● A refrigerator is typically considered?
Answer: Personal Property
, ●● Mobile homes not permanently attached to the land are generally
considered?
Answer: Personal Property
●● Which of the following is considered a legal test for determining if
an item is a fixture or not?
Answer: Mode and permanence of how the item was attached
Adaptation of the item
Intention of the parties
All of the above
●● The right of exclusion, which allows a landowner to prevent others
from entering or occupying their property, is included in the?
Answer: Bundle of rights
●● Which of the following is an example of a fixture?
Answer: Kitchen cabinets
●● Which of the following is an advantage to owning a home?
Answer: Potential for asset appreciation
Tax benefits
Pride of ownership
COMPREHENSIVE CERTIFICATION
EVALUATION VERIFIED QUESTIONS AND
FULL SOLUTIONS
●● A means of comparing similar type properties, which have recently
sold, to the subject property is known as the?
Answer: Market Comparison Approach
●● The market comparison approach is commonly used for this property
type?
Answer: Residential
●● The amount of goods offered for sale within a given market at a
given price during a given time period is known as?
Answer: Supply
●● A real estate agent is an example of what type of agent?
Answer: Special agent
●● A refrigerator is typically considered?
Answer: Personal Property
, ●● Mobile homes not permanently attached to the land are generally
considered?
Answer: Personal Property
●● Which of the following is considered a legal test for determining if
an item is a fixture or not?
Answer: Mode and permanence of how the item was attached
Adaptation of the item
Intention of the parties
All of the above
●● The right of exclusion, which allows a landowner to prevent others
from entering or occupying their property, is included in the?
Answer: Bundle of rights
●● Which of the following is an example of a fixture?
Answer: Kitchen cabinets
●● Which of the following is an advantage to owning a home?
Answer: Potential for asset appreciation
Tax benefits
Pride of ownership
