STUDIES STUDY GUIDE WITH QUESTIONS
AND VERIFIED ANSWERS [ GRADED A+]
Which of the following would be considered as good reliable sources of
historical information about a township?
National real estate publications and the New York Times
www.census.gov and www.marshallandswift.org
the township's chamber of commerce, economic development agency,
township clerk and the chairman of the planning board
©morren2024/2025.Year published 2024.
,www.bloomberg.com and www.loopnet.com - ✔✔the township's
chamber of commerce, economic development agency, township clerk
and the chairman of the planning board
Which of the following are some meaningful things you should
investigate and include in an immediate neighborhood or vicinity
description, irrespective of the property type being appraised?
Proximity to a fire station, the location of the nearest bus or commuter
rail station
Proximity to a river and an auto repair shop
Proximity to gas stations and card and gift shops
Proximity to garden nursery and a clothing store - ✔✔Proximity to a
fire station, the location of the nearest bus or commuter rail station
©morren2024/2025.Year published 2024.
,Which of the following items would typically only be applicable when
summarizing a nursing home?
Kitchen
HVAC system
Central baths
Floor finishes - ✔✔Central baths
Why is it important to summarize the party walls in a building?
To explain if there is any deferred maintenance
Because it is part of providing a reasonably thorough description of the
property's construction details.
Because it is an important fire and sound/noise concern.
©morren2024/2025.Year published 2024.
, Because part of the appraiser's responsibility is to determine code
compliance - ✔✔Because it is an important fire and sound/noise
concern.
Why can it be important to investigate and discuss the number of
building permits issued within the past few years in a community?
It can reflect residential and/or commercial growth and trends
It can show that the township government is strong and will not permit
construction without first obtaining a building permit
It can show that a significant amount of revenue is generated for the
township based on the number of permits issued.
It will show what types of properties are being built - ✔✔It can reflect
residential and/or commercial growth and trends
©morren2024/2025.Year published 2024.