BASIC APPRAISAL PROCEDURES FINAL EXAM QUESTIONS
WITH COMPLETE SOLUTION
If a cost manual is used, the result is _____________ cost.
replacement
What type of framing became popular in the 1800s with the advent of the steam-
powered sawmill?
platform frame
balloon frame
log frame
post and beam
balloon frame
Details about the property being appraised, comparable sale and rental
properties, and relevant local market characteristics" is the definition of
specific data
Keyways are employed in which type of foundation walls?
stone
wood
concrete block
poured concrete
poured concrete
A cement mixture that is applied to the exterior of a foundation wall is called
grout
asbestos paste
spackling
parging
parging
Ranking analysis is a form of __________ analysis.
quantitative
cost/benefit
qualitative
statistical
qualitative
An entrepreneur is taking on a development project, and by his calculations, he
expects to receive a 25% return on his investment in the project. This 25% figure
represents
risk factor
net operating income
, entrepreneurial incentive
entrepreneurial risk
entrepreneurial incentive
An 8-unit apartment building has 5 units rented at $850 per month and 3 units
rented at $925 per month. What is its gross income?
84,300
"The tenant's possessory interest created by a lease" is the definition of
_______________.
leased fee interest
leasehold interest
fee simple
partial interest
leasehold interest
The most common type of framing in residential construction today is
balloon frame
post and beam
platform frame
modular
platform frame
All of the following could be sources of specific data EXCEPT
U.S. Census Bureau
Tax maps
Deeds
Assessor's records
U.S. Census Bureau
When appraising a duplex, an appraiser should use __________ area.
buildable
gross building
gross living
net leasable
gross building
A municipality assesses property at 100% of value. If a property is assessed at
$186,000 and the rate per thousand is $6.45, how much are total property taxes?
1,199.70
Early ductless heating systems were called
geothermal systems
heat pumps
gravity systems
active solar system
gravity system
WITH COMPLETE SOLUTION
If a cost manual is used, the result is _____________ cost.
replacement
What type of framing became popular in the 1800s with the advent of the steam-
powered sawmill?
platform frame
balloon frame
log frame
post and beam
balloon frame
Details about the property being appraised, comparable sale and rental
properties, and relevant local market characteristics" is the definition of
specific data
Keyways are employed in which type of foundation walls?
stone
wood
concrete block
poured concrete
poured concrete
A cement mixture that is applied to the exterior of a foundation wall is called
grout
asbestos paste
spackling
parging
parging
Ranking analysis is a form of __________ analysis.
quantitative
cost/benefit
qualitative
statistical
qualitative
An entrepreneur is taking on a development project, and by his calculations, he
expects to receive a 25% return on his investment in the project. This 25% figure
represents
risk factor
net operating income
, entrepreneurial incentive
entrepreneurial risk
entrepreneurial incentive
An 8-unit apartment building has 5 units rented at $850 per month and 3 units
rented at $925 per month. What is its gross income?
84,300
"The tenant's possessory interest created by a lease" is the definition of
_______________.
leased fee interest
leasehold interest
fee simple
partial interest
leasehold interest
The most common type of framing in residential construction today is
balloon frame
post and beam
platform frame
modular
platform frame
All of the following could be sources of specific data EXCEPT
U.S. Census Bureau
Tax maps
Deeds
Assessor's records
U.S. Census Bureau
When appraising a duplex, an appraiser should use __________ area.
buildable
gross building
gross living
net leasable
gross building
A municipality assesses property at 100% of value. If a property is assessed at
$186,000 and the rate per thousand is $6.45, how much are total property taxes?
1,199.70
Early ductless heating systems were called
geothermal systems
heat pumps
gravity systems
active solar system
gravity system
