Học Thi Real Estate License ở California: Real Estate Appraisal

In using the market-data approach in appraising a single-familly residence, comparisons should be made as to:

An appraiser defines the boundaries of a neighborhood by:

Putting aside $1000 a year in govermnet bonds for five years to replace the roof is an example of:

Corner influence can most aid the value of:

To obtain depreciation on real estate, the real estate:

The conditions of sale will affect the:

Of greatest importance to the value of a single-family residence would be:

Progression and regression in appraisal relate to:

In appraising a property with two baths, the appraiser used a comparable with 2 1/2 baths. The appraiser should:

Depth tables would be most likely used in appraising which kind of property?

By putting together four parcels of land, each worth $1,000. a property owner creates one large parcel worth $5,000. This process is known as:

Which value bears the least relationship to the market value?

In appraising a vacant lot, an appraiser would first determine the

The appraisal principle that relates to the market approach to value is the principle of:

To determine the highest and best use of a location, you should commence with:

An apartment building produces a monthly rent of $1,600. A similar property with monthly rents of $2,100 recently sold for $294,000. Using this as the only data, the appraiser would say that the first apartment building is worth:

A lender would likely offer the lowest loan to value ratio loan on a loan secured by:

The narrative form of an appraiser's report would include all except:

A property value can be influenced by neighboring property. The value of a home would least likely be influenced by a neighborhood containing:

In appraising property with great amenity value, an appraiser would use:

Economic obsolescence would generally be considered:

An appraisal is required for:

In capitalization-of-income appraising, an appraiser need not consider management expenses when:

The best method to appraise a leased warehouse would be:

It would be unethical for an appraiser to:

Obsolescence would not include a:

The most important factor for the average buyer of a home is:

A means of providing for return of your investment is:

The period in which a building produces income attributable to the building itself is known as:

An area that would most likely maintain its value would:

Income minus operating expenses minus principal, interest, and tax payments equals:

A broker quotes an income figure based on 100 percent occupancy with no rental incentives given. The figure quoted is:

The least important factor in appraising a home for market value would be:

Inappraising an income property, an appraiser is concerned with:

The appraisal method that prices all labor and material in construction is:

The most difficult depreciation to correct would be:

The comparison method of appraising is:

An appraiser who is concerned with the present worth of future benefits is likely using the:

Allocating a percentage of total value to the land and a percentage to the improvements is known as:

Functional obsolescence would not be caused by:

The elements of value do not include:

In appraisal of commercial property, the most important factor would be:

The Home Valuation Code of Conduct must be subscribed to by:

Depreciating an apartment building $10,000 in one year would:

A property is 40 years old. The present owner purchased it new and has depreciated it at 2 1/2 percent per year since the, leaving no allowance for salvage or land value. The building currently is appraised at $87,000, and the land under it is worth $200,000. The book value is:

In using comparables to determine value, you would add to the sale price of the subject property if:

In determining economic obsolescence, an appraiser would be interested in knowing whether:

Functional obsolescence can be created by:

Estimating a property's value based on its future income for specified number of years would be:

The replacement cost method of appraising:

As to economic life and physical life, which of the following is true?

Which of the following cannot be depreciated?

Actual rental income is best obtained by:

Amenities are:

The most difficult aspect of utilizing the cost approach is in:

The best comparable property for appraising a home would be:

The principal of substitution is that:

The subjective value of a parcel is:

Evaluation could be best described as:

Which one of these forces is not a force influencing value?

Rents in an office building became $800 less per month after street parking was made illegal. Assuming a capitalization rate of eight percent, the building suffered a loss of value of:

Demand has no effect on value unless there is also:

To offset depreciation, a person may:

To find a good comparable, an appraiser would be least interested in a sale:

An appraiser would not obtain accelerrated depreciation by using:

Loss of value of an expensive home because of a neighborhood of low price homes is known as:

Estimating rotal land value and adding the value of the improvemnts would:

The following are all good definitions of depreciation except:

Rising interest rates as the only economic change would affect the value of an apartment house in that the:

Which of the following is not a factor in appraising a one-family home?

The cost that is most frequently over looked in determining net income for capitalization appraising is:

To obtain a listing, a broker agrees to make a free appraisal of the property. As to this appraisal agreement, which of the following is true?

Such things as well-cared-for shrubbery and a fenced yard refer to:

An appraiser would appraise an apartment house by:

The  best appraisal would use:

Cost presents a measure of ___ sacrifice either of materials of labor, and always represents a measure of ___ expenditure. Value, on the other hand, constitutes __ worths of future benefits.

Which of the following basic real economic characteristics is the best expression of why real estate has value?

Utility value would be most nearly equivalent to:

A building would cost $140,000 to replace, but it is appraised at $90,000. This difference is:

An appraisal is required:

A warehouse has vertical support columns every 12 feet making it difficult to rent. This is an example of:

The principle of anticipation relates to the:

Authorities say four agents contribute to gross income. Which of the following is not one of them?

An example of unearned income would be:

An accountant and an appraiser are both interested in depreciation.

Depth tables would be used by:

An appraiser would appraise landscaping and fences:

A capital improvement to real property would:

A separate value for the land must be computed for the:

An accountant would be primarily interested in:

The gross multiplier:

A property is valued at $300,000 with a five percent capitalization rate. If the prospective investor wants an eight percent return on her money, the property would be valued at:

The statement "more buildings are torn down than wear out" is a definition of:

The highest value would most likely be the:

An appraisal method wherein electrical work was appraised at a price per outlet would be the:

Which of the following does not influence value?

In order to determine accrued depreciation of a residential property, each year of the economic age of a structure receives:

A factor an appraiser would consider when appraising a building would be:

An appraiser would most likely have the designation:

The relationship between a property and a prospective purchaser is known as:

Each unit in a duplex rents for $400 per month. With a price of $96,000, the monthly gross multiplier would be:

When the demand for homes remains constant and the supply:

As to the appraisal of a single-family dwelling, which of the following is true?

To appraise a lot with a worthless, condemned building on it, an appraiser would:

A person engaged solely in the appraisal of real estate is required to:

An eight year old apartment building would cost $220,000 to build today. The land is worth $50,000. With a 40 year expected economic life, its net income is $27,000. The gross multiplier is 10. The desired return on this type of property is 8 1/2 percent. Using the most appicable single method to appraise the building, an appraiser would say it is worth:

In finding comparables, an appraiser uses the term adjusted sale price. This reffers to:

Capitalising the net income and deducting the replacement cost of the improvements gives:

Assenblage is closest to:

Excess land is defined as land:

The objective value of a parcel is most nearly:

Which of the following is the best example of functional obsolescence?

Neighborhood is important in real estate because:

A property value would be adversely affected by:

A real estate appraisal would customanily be:

Highest and best use refers to:

Which of the following values is always based on the price paid?

In determining net income for use in the capitalization method of appraising, an appraiser would not be concerned with the:

An appraiser would be most interested in the:

In appraising a house for insurance coverage, an appraiser would most likely be concerned with:

An appraiser is going to use the cost method in appraising two houses. One is new and one is 50 years old. The cost method:

An appraiser is to appraise a store zoned for retail business only. As a retail store, expected income is $1,500 per month, but the property is leased on a long term least at $2,000 per month to a tenant who is using the store as a dry cleaning plant in violation of the zoning. The appraiser should:

In making an appraisal for a bank, an appraiser would be concerned with:

A $200,000 new apartment house is to be depreciated over 40 years. The straight mortgage on it is due in 50 years for $100,000. The land is worth $10,000. When fully depreciated, the adjusted cost basis will be:

Market value is best described as:

The principle of substitution applies in:

Two properties have an appraised value of $100,000 each. One uses a capitalization rate of 10 percent and one a rate of 11 percent. The property using the 11 percent rate has an income:

An appraiser might use the principal of substitution in the:

The definition of highest and best use would contain which of the following phrase?

The most important factor in determining the value of a single family home is its:

The cost approach is most appropriate for appraising:

Value would be best described as:

A property owner can protect against economic depreciation by:

The oldest method of appraising is:

Proper scientific appraisal can determine:

The economic life of a frame dwelling is most nearly:

Urban blight results from:

Of the following reasons, which explains why replacement cost is better for new buildings than for old structures?

The value of a commercial lot would be least influenced by factors relating to:

Two identical buildings were each leased for 20 years at the same rent. One was leased as a hardware store and one as a post office. At a sale, which building would bring more money?

A lot has three possible uses. Building a kennel would yield a net return of $87,000 on an investment of $65,000. Building an apartment house would yield a $211,000 return on a $2,552,000 investment, and building a supermarket would yeild $157,000 on an $520,000 investment. If the capitalization rate for all three investments is nine percent, then the investment that would yeild the highest income attributable to the land alone would be the:

Subtracting vacancy and collection factors from gross income gives:

A property is 15 years old, but an appraiser puts an age of 7 years on it since it has been kept up like new. This is an example of:

As to the replacement cost method of appraising, which of the following is true?

A building is in exceptionally good condition. Its effective age is:

Building a $200,000 home in a neighborhood of $70,000 to $100,000 homes is an example of:

As to capitalization rates, which of the following is true?

The period for which a property can show a return attribute to the improvements is known as the property's:

As to the income capitalization method of appraising, which of the following is true?

The major factor in determining the value of industrial land is:

During an inflationary period, interest rates:

In using the replacement-cost approach, an appraiser would not need:

A major problem in using the cost method to appraise an older apartment building is:

A lot 400 feet deep lost 20 percent of its depth. What is the effect of the loss in depth on the value of the lot?

As to the Inwood and Hoskold appraisal methods, which of the following is true?