BASIC APPRAISAL PRINCIPLES 70 EXAM QUESTIONS
& CORRECT ANSWERS LATEST 2025
The "price" of money is - ANSWER-an interest rate
The public restriction on property rights that allows the government to place a
lien on a property is - ANSWER-taxation
The area associated with a subject property that contains its direct competition"
is the definition of - ANSWER-market area
A drainage easement is an example of a(n) - ANSWER-negative easement
The appraisal standards and qualification criteria that are published by The
Appraisal Foundation achieve legal authority by adoption, citation or
implementation by - ANSWER-government agencies with the power to regulate or
administrate
When estimating the value of a fireplace in a single-family home, the most
important principle is the principle of - ANSWER-contribution
_________ is a computerized mapping system for encoding, retrieving, analyzing
and presenting geographic or spatial data. - ANSWER-GIS
Which entity is responsible for monitoring state appraiser licensing and
certification agencies? - ANSWER-the Appraisal Subcommittee
, "For real property, a personal, unassignable, and typically revocable privilege or
permit to perform some activity on the land of another without obtaining an
interest in the property" is the definition of - ANSWER-license
The current number of appraisal education hours required for Certified General
Appraiser applicants is ______ hours. - ANSWER-300
Your house is valued at $186,000. You want to insure it for 80% of value.
Insurance will cost $6.00 per thousand per year. How much will your insurance
cost per month?
$48.90 - ANSWER-$74.40
A rectangular property measures 320 feet by 574.45 feet, and it sold for
$263,750. How much did it sell for per acre? - ANSWER-$62,500
How is the Appraisal Subcommittee funded? - ANSWER-through a National
Registry fee charged to each appraiser
Public limitations on private property rights include all of the following EXCEPT
CC&Rs
taxation
eminent domain
escheat - ANSWER-CC&Rs
& CORRECT ANSWERS LATEST 2025
The "price" of money is - ANSWER-an interest rate
The public restriction on property rights that allows the government to place a
lien on a property is - ANSWER-taxation
The area associated with a subject property that contains its direct competition"
is the definition of - ANSWER-market area
A drainage easement is an example of a(n) - ANSWER-negative easement
The appraisal standards and qualification criteria that are published by The
Appraisal Foundation achieve legal authority by adoption, citation or
implementation by - ANSWER-government agencies with the power to regulate or
administrate
When estimating the value of a fireplace in a single-family home, the most
important principle is the principle of - ANSWER-contribution
_________ is a computerized mapping system for encoding, retrieving, analyzing
and presenting geographic or spatial data. - ANSWER-GIS
Which entity is responsible for monitoring state appraiser licensing and
certification agencies? - ANSWER-the Appraisal Subcommittee
, "For real property, a personal, unassignable, and typically revocable privilege or
permit to perform some activity on the land of another without obtaining an
interest in the property" is the definition of - ANSWER-license
The current number of appraisal education hours required for Certified General
Appraiser applicants is ______ hours. - ANSWER-300
Your house is valued at $186,000. You want to insure it for 80% of value.
Insurance will cost $6.00 per thousand per year. How much will your insurance
cost per month?
$48.90 - ANSWER-$74.40
A rectangular property measures 320 feet by 574.45 feet, and it sold for
$263,750. How much did it sell for per acre? - ANSWER-$62,500
How is the Appraisal Subcommittee funded? - ANSWER-through a National
Registry fee charged to each appraiser
Public limitations on private property rights include all of the following EXCEPT
CC&Rs
taxation
eminent domain
escheat - ANSWER-CC&Rs
