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Residential Sales Comparison & Income Approaches - McKissock How many comparables are typically used by appraisers in the sales comparison approach? - Answer- No less than three When choosing comparables, the appraiser analyzes: - Answer- All of the above The sales comparison approach was previously known as the: - Answer- All of the above "The result of the cause and effect relationship among the forces that influence real property value" is the definition of the principle of ...

McKissock-3 Residential Sales Comparison and Income Approach An encroachment is defined as: - Answer- Trespassing on the domain of another There are some specialized forms of ownership in which you may own something in fee simple along with shared rights of certain common properties. The most common types you may encounter are: - Answer- Condominiums Cooperatives PUDs Timeshares A condominium is defined as: - Answer- A multiunit structure, or a unit within such a structure, with a co...

McKissock- 4 Residential Sale Comparison and Income Approaches The sequence for seven types of adjustments that could be made in the sales comparison approach are: - Answer- Property rights conveyed Financing terms/cash equivalency Conditions of sale Expenditures made immediately after purchase Market conditions Locations Physical characteristics Use/zoning Non-realty components of value Condition of sale is defined as: - Answer- An element of comparison in the sales comparison ...

Lead Risk Assessor HUD Guidelines - Answer- What Federal document serves as an overall guideline for performing inspections, risk assessments, and abatement activities? chelation therapy - Answer- A child may be treated for lead poisoning by using... Identify LBP hazards - Answer- The purpose of a lead risk assessment is to? Elevated Blood Level - Answer- What does EBL mean? Ingestion of lead dust - Answer- How does lead primarily enter children's bodies? No - Answer- Would ...

EPA RISK ASSESSOR At which of the following ages are children in the most danger of lead exposure and the health effects from that exposure? - Answer- 1-3 years of age Lead may be absorbed through the intestines after it is ingested. What is the effect on the absorption of lead when people don't eat properly? - Answer- More lead is absorbed Which of the following is a major source of lead exposure for infants and children? - Answer- Lead contaminated surface dust and soil. For chi...

CADET COMPETITION QUIZ 1 QUESTIONS AND CORRECT ANSWERS How do you set personal goals? - Answer-Self Discipline Listening is important to good - Answer-communication SQR3 means: - Answer-Survey, Question, Read, Recall, Review Why is the mission important? - Answer-the mission is the reason the team is needed Absolute power corrupts absolutely - Answer-True A professional: - Answer-puts the interest of others above their own In what year was CAP founded - Answer-1941 Leader...

CADET COMPETITION WRITTEN EXAM QUESTIONS WITH CORRECT ANSWERS The sum of the thoughts, feelings, and behaviours that make someone unique is also known as - Answer-Personality Knowing you have a problem but refusing to think about it describes this defence mechanism: - Answer-Suppression This happens when an unpleasant stimulus is removed to encourage the desired behaviour: - Answer-negative reinforcement To pre-judge someone is a definition of - Answer-prejudice Freedom from fear,...

RIBO EXAM PACKAGE WITH QUESTIONS WITH CORRECT ANSWERS

RIBO RIBO RIBO ACT INFORMATION incapicitated member - Answer- a member suffering froma physical or mental condition or disorder and can no longer carry on business as a registered insurance broker, this is typically determiend by the manager. insurance broker - Answer- any person who for any comepnsation, commission or other thing of calue, with respect to persons or property in ontario, deals directly with the public. member - Answer- an individual, partnership or corporating registere...

RIB EQUIVALENCY Who can pass change to the RIB act? - Answer- Province of Ontario Are the Regulations Legislated? - Answer- No. changes to the Act or Regulations that need to be made by RIBO must be approved by RIBO's Council What are bylaws? - Answer- They are changes to the Act or Regulations that need to be made by RIBO must be approved by RIBO's Council Do Bylaws need to be approved by the RIBO Council? - Answer- Yes. They are NOT linked to the Act or the Regulations but do...

RIBO Which of the following statements best describes actual cash value? - Answer- The replacement cost at the time of loss less depreciation Personal injury liability under the Commercial General Liability Policy covers sums that the insured becomes legally obligated to pay: - Answer- Because of injury to a person's character by such things as false arrest or malicious prosecution. Under an automobile policy, property damage means damage to which of the following? - Answer- Property...

RIBO: ENTRY LEVEL 1 Risk - Answer- Chance of a loss Which type of risk is insured and why? - Answer- Pure risk, because speculative risk is comparable to gambling. 3 Ways risk (management) is dealt with? - Answer- REDUCE: preventative measures ASSUME/RETAIN: Self-insure TRANSFER: purchase insurance Which of the following is not a risk? A) Assume or retain risk B) Reduce the risk C) Doing nothing / avoiding the risk D) Transfer the risk - Answer- C) Doing nothing / avoiding the...

RIBO (IBAO) Which of the following parties must be identified on an insurance policy, as mandated by the Insurance Act? - Answer- The insurer and the insured In Ontario, automobile insurance is: - Answer- Regulated by the Compulsory Automobile Insurance Act In Ontario, which act contains the legal rules governing the operation of the insurance industry, as well as rules applying specifically to insurance contracts? - Answer- The Insurance Act According to the Insurance Act, when does...

RIBO - GENERAL Which of the following provinces offer only government compulsory auto insurance? - Answer- British Columbia, Manitoba and Saskatchewan The definition of ordinary negligence? - Answer- Is the failure to do what a reasonable person would do in a given situation. A broker/agent is responsible for what? - Answer- Writing only those classes of business acceptable to his/her insurer. An insurance contract contains all of the elements of any other legal contract. One element...

RIBO EXAM 1 d) The law of large numbers always tells a good underwriter which specific risks will have losses - Answer- Which of the following statements is not correct? a) With pure risk there is a chance of loss but not a chance of profit b) with speculative risk there is a chance of either loss and or profit c) There are a number of ways to deal with the risk that are not insurance d) The law of large numbers always tells a good underwriter which specific risks will have losses a) A...

RIBO EXAM Risk - Answer- Chance of Loss- where the object of insurance maybe exposed Peril - Answer- Cause of loss (wind, fire, water) Indemnification - Answer- When insurer provides exact amount of loss, no more no less - provided in money or another item of similar value Covered losses - Answer- Accidental and future (not on purpose or in the past) Alternatives to payment - Answer- Repair or replacement three types of insurers - Answer- Stock-Operates on private funds from th...

RIBO LEVEL 1 EXAM Indemnify - Answer- The action of compensating an insured following a loss under the insurance policy. Risk - Answer- The chance of loss; or an object or activity that is insured (about to be insured) Peril - Answer- An event that may cause a loss to occur Object of Insurance - Answer- The item that is insured or covered in an insurance policy Indemnity - Answer- to put you back in the same financial position (just prior to loss) NO BETTER NO WORSE Insured /...

RIBO INSURANCE EXAM What makes pure risk insurable while speculative not? - Answer- Pure risk insurance is a situation involving a chance of a loss without a chance of gain. Insurance will accept situations where there is no potential for gain. Pure Risk - Answer- A situation involving a chance of loss without a chance of gain. Example: property damage Speculative Risk - Answer- A situation where the possibility of either financial loss or gain exists. This is not accepted by insurances...

CIS 2750 True or False: Testing is the same as debugging. - Answer- False. Testing is the systematic attempt to break a program, while debugging is the process of fixing and removing errors. True or False: Testing can take upwards of 40 percent of total development time. - Answer- True. It is not unusual for developers to spend 40% of the total project time on testing. • For life-critical software (e.g. flight control, reactor monitoring), testing can cost 3 to 5 times as much as a...

CIS 2750 Web App Architecture - Answer- Parser builds data model for every file, sends those values to web server, web server stores info from that data model in DB server, Web UI requests info from web server, web server either pulls that from DB or requests a data model from parser Linux Tool Chain - Answer- sequence of software tools that convert src code to binary GCC - Answer- GNU Compiler Collection CPP - Answer- C Preprocessor - interprets all # in .h .and .c files before com...