Page 1 of 69
Texas SAE Real Estate Appraisal Exam Newest 2025
Actual Exam Test Bank| Complete 400 Real Exam
Questions and Verified Answers (100% Correct
Answers) Texas SAE Real Estate Appraisal Exam
Review 2025(Brand New!)
Which value-influencing DUST factor addresses the ease with
which the property can be conveyed to another? .....ANSWER.....
Transferability
Which of the following formulas is used with the index method to
find the reproduction cost? .....ANSWER..... Present index ÷ Index
at time of construction x Original cost = Present cost
To arrive at the present cost, the appraiser applies a factor that
represents the costs of construction over time up to the appraisal
date (present index ÷ index at time of construction) multiplied by
the subject building's original cost.
,Page 2 of 69
When possible, comparable sales from ______ should be used.
.....ANSWER..... The same neighborhood
Ownership in a planned unit development consists of ______.
.....ANSWER..... A parcel of land, the structures on it, and shared
common areas
In what way is taxation an inherent burden on private
landownership? .....ANSWER..... Unpaid taxes become a lien
against the property.
Bianca wants to buy a cooperative, but she's unsure that she can
afford it. With a cooperative, her share of mortgage interest
and real estate taxes will be ______. .....ANSWER..... Deductible
on her personal income tax returns
As the resident in a cooperative, her share of mortgage interest
and real estate taxes is deductible on personal income tax
returns.
,Page 3 of 69
The Appraiser Independence Requirements protect which party
or parties? .....ANSWER..... The appraiser, the lender, and the
consumer
Using the gross income multiplier (GIM) valuation method, a
property's sales price is divided by its gross income. If a
property has a sales price of $100,000 and gross income of
$10,000, what is its GIM? .....ANSWER..... 10X
(100,000/10,000)
Which professional is hired by the buyer and lender to give an
opinion of value of the property? .....ANSWER..... Appraiser
Which of the following best describes how an appraiser
reconciles the adjusted sales prices of the comparable properties
to indicate the value of the subject property? .....ANSWER..... The
appraiser selects the adjusted sales price of the property most
like the subject to use as the indicated value.
, Page 4 of 69
What is the definition of an appraisal? .....ANSWER..... An
estimate of value for a specific purpose, party, and property as
of a specific date
Which of the following properties requires the appraiser to
include information about the monthly fees charged by the
property management, the location of the subject property within
a community, and the areas considered private or public?
.....ANSWER..... Condo Unit
If Mega Corporation owns real property, chances are it owns it
in ______. .....ANSWER..... Severalty Ownership
Corporations own property owned in severalty, like individuals
do.
James creates a trust to hold a piece of real estate he owns. He
directs a corporate fiduciary to hold title to the real estate and
provides instructions for the management, control, and disposition
of the real estate upon his death. Given that the trust only holds
Texas SAE Real Estate Appraisal Exam Newest 2025
Actual Exam Test Bank| Complete 400 Real Exam
Questions and Verified Answers (100% Correct
Answers) Texas SAE Real Estate Appraisal Exam
Review 2025(Brand New!)
Which value-influencing DUST factor addresses the ease with
which the property can be conveyed to another? .....ANSWER.....
Transferability
Which of the following formulas is used with the index method to
find the reproduction cost? .....ANSWER..... Present index ÷ Index
at time of construction x Original cost = Present cost
To arrive at the present cost, the appraiser applies a factor that
represents the costs of construction over time up to the appraisal
date (present index ÷ index at time of construction) multiplied by
the subject building's original cost.
,Page 2 of 69
When possible, comparable sales from ______ should be used.
.....ANSWER..... The same neighborhood
Ownership in a planned unit development consists of ______.
.....ANSWER..... A parcel of land, the structures on it, and shared
common areas
In what way is taxation an inherent burden on private
landownership? .....ANSWER..... Unpaid taxes become a lien
against the property.
Bianca wants to buy a cooperative, but she's unsure that she can
afford it. With a cooperative, her share of mortgage interest
and real estate taxes will be ______. .....ANSWER..... Deductible
on her personal income tax returns
As the resident in a cooperative, her share of mortgage interest
and real estate taxes is deductible on personal income tax
returns.
,Page 3 of 69
The Appraiser Independence Requirements protect which party
or parties? .....ANSWER..... The appraiser, the lender, and the
consumer
Using the gross income multiplier (GIM) valuation method, a
property's sales price is divided by its gross income. If a
property has a sales price of $100,000 and gross income of
$10,000, what is its GIM? .....ANSWER..... 10X
(100,000/10,000)
Which professional is hired by the buyer and lender to give an
opinion of value of the property? .....ANSWER..... Appraiser
Which of the following best describes how an appraiser
reconciles the adjusted sales prices of the comparable properties
to indicate the value of the subject property? .....ANSWER..... The
appraiser selects the adjusted sales price of the property most
like the subject to use as the indicated value.
, Page 4 of 69
What is the definition of an appraisal? .....ANSWER..... An
estimate of value for a specific purpose, party, and property as
of a specific date
Which of the following properties requires the appraiser to
include information about the monthly fees charged by the
property management, the location of the subject property within
a community, and the areas considered private or public?
.....ANSWER..... Condo Unit
If Mega Corporation owns real property, chances are it owns it
in ______. .....ANSWER..... Severalty Ownership
Corporations own property owned in severalty, like individuals
do.
James creates a trust to hold a piece of real estate he owns. He
directs a corporate fiduciary to hold title to the real estate and
provides instructions for the management, control, and disposition
of the real estate upon his death. Given that the trust only holds
