Quiz Summary
0 of 15 Questions completed
Questions:
Information
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
Results
Results
0 of 15 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- Current
- Review
- Answered
- Correct
- Incorrect
-
Question 1 of 15
1. Question
In the sales comparison approach, an adjustment is warranted if
CorrectIncorrect -
Question 2 of 15
2. Question
Highest and best use of a property is that use which
CorrectIncorrect -
Question 3 of 15
3. Question
As a component of real estate value, the principle of substitution suggests that
CorrectIncorrect -
Question 4 of 15
4. Question
An office building lacks sufficient cooling capability to accommodate modern computer equipment. This is an example of
CorrectIncorrect -
Question 5 of 15
5. Question
A significant difference between an appraisal and a broker’s opinion of value is
CorrectIncorrect -
Question 6 of 15
6. Question
A notable weakness of the sales comparison approach to value is that
CorrectIncorrect -
Question 7 of 15
7. Question
A home is located in a neighborhood where homeowners on the block have failed to maintain their properties. This is an example of
CorrectIncorrect -
Question 8 of 15
8. Question
The concept of market value is best described as
CorrectIncorrect -
Question 9 of 15
9. Question
The cost of constructing a functional equivalent of a subject property is known as
CorrectIncorrect -
Question 10 of 15
10. Question
The first two steps in the cost approach are to estimate the value of the land and the cost of the improvements. The remaining steps are
CorrectIncorrect -
Question 11 of 15
11. Question
The roof of a property cost $10,000. The economic life of the roof is 20 years. Assuming the straight-line method of depreciation, what is the depreciated value of the roof after 3 years?
CorrectIncorrect -
Question 12 of 15
12. Question
The steps in the market data approach are
CorrectIncorrect -
Question 13 of 15
13. Question
To complete the sales comparison approach, the appraiser
CorrectIncorrect -
Question 14 of 15
14. Question
One weakness of the cost approach for appraising market value is that
CorrectIncorrect -
Question 15 of 15
15. Question
In appraisal, loss of value in a property from any cause is referred to as
CorrectIncorrect