Học Thi Real Estate License ở California: Real Estate Appraisal

Subtracting vacancy and collection factors from gross income gives:

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

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

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

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

An accountant and an appraiser are both interested in depreciation.

The principle of anticipation relates to the:

An appraiser might use the principal of substitution in the:

Assenblage is closest to:

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

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:

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.

Functional obsolescence can be created by:

The best method to appraise a leased warehouse would be:

A means of providing for return of your investment is:

Excess land is defined as land:

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

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

Economic obsolescence would generally be considered:

An appraiser defines the boundaries of a neighborhood by:

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?

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:

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

An appraiser would appraise an apartment house by:

The objective value of a parcel is most nearly:

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

Market value is best described as:

An appraiser would not obtain accelerrated depreciation by using:

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

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:

A real estate appraisal would customanily be:

During an inflationary period, interest rates:

An area that would most likely maintain its value would:

The oldest method of appraising is:

Functional obsolescence would not be caused by:

A property owner can protect against economic depreciation by:

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:

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

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

Highest and best use refers to:

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

Value would be best described as:

Utility value would be most nearly equivalent to:

An example of unearned income would be:

A property value would be adversely affected by:

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

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

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

Neighborhood is important in real estate because:

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

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:

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

The principal of substitution is that:

An accountant would be primarily interested in:

It would be unethical for an appraiser to:

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

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

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

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

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

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

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:

Depth tables would be used by:

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

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

An appraiser would be most interested in the:

Proper scientific appraisal can determine:

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

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

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

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

Obsolescence would not include a:

Demand has no effect on value unless there is also:

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

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:

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

The  best appraisal would use:

The subjective value of a parcel is:

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

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

An appraisal is required:

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

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

Corner influence can most aid the value of:

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:

The cost approach is most appropriate for appraising:

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

An appraisal is required for:

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

Which value bears the least relationship to the market value?

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

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

The economic life of a frame dwelling is most nearly:

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

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

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

Actual rental income is best obtained by:

The replacement cost method of appraising:

Inappraising an income property, an appraiser is concerned with:

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

The principle of substitution applies in:

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

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

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

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

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

Which of the following does not influence value?

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

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?

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

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:

To obtain depreciation on real estate, the real estate:

To offset depreciation, a person may:

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

The best comparable property for appraising a home would be:

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

The highest value would most likely be the:

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

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

An appraiser would appraise landscaping and fences:

The conditions of sale will affect the:

The gross multiplier:

Urban blight results from:

Which of the following cannot be depreciated?

Evaluation could be best described as:

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

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

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

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

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

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 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?

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

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

A capital improvement to real property would:

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

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

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

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

Amenities are:

The comparison method of appraising is:

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

When the demand for homes remains constant and the supply:

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:

The most difficult depreciation to correct would be:

Progression and regression in appraisal relate to:

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

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

The elements of value do not include:

The following are all good definitions of depreciation except:

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

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

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:

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

An appraiser would most likely have the designation: