1|Page
Certified General Appraiser Exam
2026|High Quality Questions And
Comprehensive Answers
Taxation - correct-answer-The right of government to raise revenue through
assessments on valuable goods, products, and rights
Examples of Governmental Forces - correct-answer-public services, zoning,
building codes, health codes,
Examples of Legal Forces - correct-answer-easements, use restrictions, access
regulations, recording and conveyance of titles
,2|Page
Examples of Economic Forces - correct-answer-employment, wage levels,
economic base, mortgage credits, occupancy rates, construction costs, rental
prices.
Real Estate - correct-answer-the physical land and anything fixed to it
Real Property - correct-answer-The RIGHTS of ownership (you can not see real
property).
Personal Property - correct-answer-moveable and tangible property
Fixture - correct-answer-was once personal but is now part of the real estate.
,3|Page
Trade Fixtures - correct-answer-Fixtures and equipment that may be attached to
a building during a tenant's occupancy, with the intention that they be removed
when the tenant leaves
Site - correct-answer-Improved Land
as supply increases - correct-answer-price decreases and quantity increases
Value is created by - correct-answer-the ANTICIPATION of benefits to be derived
Substitution is the primary principle for which approach(s)? - correct-answer-Cost
and Sales Approach
, 4|Page
Use Value - correct-answer-the value of a property as it is currently used or
designed. Does not take HBU into consideration
Examples of Special Use Properties - correct-answer-schools, churches, museums
Utility - correct-answer-ability of a good or service to satisfy a human want, need
or desire
Desire - correct-answer-a purchaser's wish for an item
Purchase Power - correct-answer-the ability of an individual or a group to
participate in a market
Certified General Appraiser Exam
2026|High Quality Questions And
Comprehensive Answers
Taxation - correct-answer-The right of government to raise revenue through
assessments on valuable goods, products, and rights
Examples of Governmental Forces - correct-answer-public services, zoning,
building codes, health codes,
Examples of Legal Forces - correct-answer-easements, use restrictions, access
regulations, recording and conveyance of titles
,2|Page
Examples of Economic Forces - correct-answer-employment, wage levels,
economic base, mortgage credits, occupancy rates, construction costs, rental
prices.
Real Estate - correct-answer-the physical land and anything fixed to it
Real Property - correct-answer-The RIGHTS of ownership (you can not see real
property).
Personal Property - correct-answer-moveable and tangible property
Fixture - correct-answer-was once personal but is now part of the real estate.
,3|Page
Trade Fixtures - correct-answer-Fixtures and equipment that may be attached to
a building during a tenant's occupancy, with the intention that they be removed
when the tenant leaves
Site - correct-answer-Improved Land
as supply increases - correct-answer-price decreases and quantity increases
Value is created by - correct-answer-the ANTICIPATION of benefits to be derived
Substitution is the primary principle for which approach(s)? - correct-answer-Cost
and Sales Approach
, 4|Page
Use Value - correct-answer-the value of a property as it is currently used or
designed. Does not take HBU into consideration
Examples of Special Use Properties - correct-answer-schools, churches, museums
Utility - correct-answer-ability of a good or service to satisfy a human want, need
or desire
Desire - correct-answer-a purchaser's wish for an item
Purchase Power - correct-answer-the ability of an individual or a group to
participate in a market
