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Practice Test Ques.

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DRMORALES

Thread Starter
Freshman Member
Joined
Aug 8, 2007
Professional Status
Certified Residential Appraiser
State
Nevada
I AM AN INTERN TAKING A PRCTICE TEST AND THESE CANNOT BE FOUND IN THE TEXT. HELP PLEASE!!!!!!!

THE FEDERAL RESERVE BANK SYSTEM REGULATES
-WHO GETS LOANS AND HOW MUCH IS LOANED.
-THE FLOW OF MONEY AND COST OF CREDIT
-LOAN QUALIFICATIONS.
-SAVING RATE

ESTIMATING THE DOLLAR AMOUNT OF THE VALUE OF REAL ESTATE IS CALLED
-RECONCILIATION
-RECAPTURE
-APPRAISING
-CAPITALIZING

ANOTHER NAME FOR NET ANNUAL IINCOME IS
-RETURN OF INVESTMENT
-GROSS INCOME
-EFFECTIVE GROSS INCOME
-RETURN ON INVESTMENT

ALL OF THESE DETERMINE NEIGHBORHOOD BOUNDARIES EXCEPT
-NATURAL BUNDARIES
-DIFFERENCES IN LAND USE
-INCOME LEVEL OF RESIDENTS
-MAJOR SHOPPING CENTERS

WHEN A PROPERTY IS FIRST DEVELOPED, PROPERTY VALUES WILL USUALLY
-DECLINE
-INCREASE
-STABILIZE
-CONFORM

THE SUBSTRUCTURE OF A HIOUSE IS CALLED THE
-SUPERSTRUCTURE
-FRAMING
-FOUNDATION
-MUD SILL

THE MOST IMPORTANT CONSIDERATION IN COMPARING LOTS IN THE MARKET DATA APPROACH IS
-AGE
-FRONTAGE AND SQUARE FOOTAGE
-SELLING PRICE
-REGULAR FEATURES

LAND DOES NOT
-APPRECIATE
-DEPRECIATE
-APPRAISE
-DECLINE

THE BULIDING RESIDUAL TECHNIQUE REQUIRES THE APPRAISER TO VALUE
-LAND SEPARATELY
-BUILDINGS SEPARATELY
-BOTH LAND AND BUILDING TOGETHER
-IMPROVEMENTS AND LAND TOGETHER

WHICH OF THESE IS NOT A REASON FOR SEPARATE SITE VALUATION?
-ASSESSMENETS AND TAXATION
-INCOME CAPITALIZATION
-HIGHEST AND BEST USE
-TRUSTEE SALE
 

Hamlet

Elite Member
Joined
Aug 14, 2006
Professional Status
Certified Residential Appraiser
State
Ohio
What type of practice test are you taking? Just take it slow and read carefully the questions. Remember, whatever you miss, just highlight and go back and study some more.:)
 
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