In the rectangular survey system, a township contains ______ square miles.
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36
,The ________ is responsible for establishing criteria for individuals to become real property
appraisers.
HUD Board
Board of Trustees
Appraisal Standards Board
Appraiser Qualifications Board
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Appraiser Qualifications Board
An appraiser finds that the pending sale price of the subject residential property is not
supported by market data. To avoid causing a problem for the buyer and seller, the
appraiser reconciles the value conclusion to meet the sale price anyway. Which
statement is true regarding this situation?
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The appraiser has violated his ethical obligations by doing this.
You are an investor who owns a parcel of real property. You want to cash out your
investment, and it takes you a year to market your property and close the sale. What
investment factor does this demonstrate?
favorable tax treatment
safety
liquidity
easement
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, liquidity
The real property market is generally classified as a(n) __________ market.
perfect
imperfect
segregated
distressed
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imperfect
"Mortgages that are neither insured nor guaranteed by an agency of the government,
although they may be privately insured" are called ___________ mortgages.
common
conventional
uninsured
junior
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conventional
Your property, consisting of a house and lot, is valued at $214,000. You want to insure it
for 80% of value and the insurance will cost $5.50 per thousand, annually. How much will
your insurance cost per year?
, $757.98
$835.40
$941.60
$1,028.40
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$941.60
A lot measures 248.4 feet X 378.90 feet. How many acres is that?
1.99
2.04
2.16
2.88
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2.16
Two years ago, you bought a property for $188,500. Since the time of purchase, it has
increased in value by an average of 4.5% annually. What is the value of the property
today?
$196,982
$202,785
$205,847
$209,560
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Give this one a try later!
36
,The ________ is responsible for establishing criteria for individuals to become real property
appraisers.
HUD Board
Board of Trustees
Appraisal Standards Board
Appraiser Qualifications Board
Give this one a try later!
Appraiser Qualifications Board
An appraiser finds that the pending sale price of the subject residential property is not
supported by market data. To avoid causing a problem for the buyer and seller, the
appraiser reconciles the value conclusion to meet the sale price anyway. Which
statement is true regarding this situation?
Give this one a try later!
The appraiser has violated his ethical obligations by doing this.
You are an investor who owns a parcel of real property. You want to cash out your
investment, and it takes you a year to market your property and close the sale. What
investment factor does this demonstrate?
favorable tax treatment
safety
liquidity
easement
Give this one a try later!
, liquidity
The real property market is generally classified as a(n) __________ market.
perfect
imperfect
segregated
distressed
Give this one a try later!
imperfect
"Mortgages that are neither insured nor guaranteed by an agency of the government,
although they may be privately insured" are called ___________ mortgages.
common
conventional
uninsured
junior
Give this one a try later!
conventional
Your property, consisting of a house and lot, is valued at $214,000. You want to insure it
for 80% of value and the insurance will cost $5.50 per thousand, annually. How much will
your insurance cost per year?
, $757.98
$835.40
$941.60
$1,028.40
Give this one a try later!
$941.60
A lot measures 248.4 feet X 378.90 feet. How many acres is that?
1.99
2.04
2.16
2.88
Give this one a try later!
2.16
Two years ago, you bought a property for $188,500. Since the time of purchase, it has
increased in value by an average of 4.5% annually. What is the value of the property
today?
$196,982
$202,785
$205,847
$209,560
Give this one a try later!
