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Texas Appraisals SAE Exam with correct answers
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Texas Appraisals SAE Exam with correctanswers
The ___ system keeps air fresh by recycling air and removing odors and pollutants - ANSWER: ➡
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Venitlation
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What are the general influencers of real property value? - ANSWER: ➡ Physical, Geographic,
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economic, social, govermental
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What's 2/5 x 5/6 - ANSWER: ➡ 1/3
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Lucille is estimating the property's loss in value for both curable and incurable items of depreciation.
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Which method is lucille using to measure depreciation? - ANSWER: ➡ Observed Condition
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With the observed condition method, appraisers assess a structure's components loss in value due to
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depreciation as either curable or incurable.
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Which property type presents the most potential drawbacks to using the cost approach to determine
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value? - ANSWER: ➡ Residential
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How do appraisers figure out the net adjustment when using the sales comparison approach -
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ANSWER: ➡ Adding up the positive and negative adjustments for a comparable property.
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The net adjustment is the total of the individual adjustments. Positive adjustments are added and
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negative adjustments are subtracted to get the total net adjustment.
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If an endangered species or wetlands exist on a site, which of the following is true - ANSWER: ➡
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These are both environmental concerns that can directly impact the site's appraisal value.
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The leased fee is the interest that's held by whom? - ANSWER: ➡ Lessor
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, Where will you find the HUD construction code tag? - ANSWER: ➡ On the exterior of a manufactured
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home.
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The HUD tag is located on the exterior of each section of a manufactured home. Mobile homes and
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modular homes don't carry this tag.
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When would you expect the mean, the median, and the mode to be close to the same number? -
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ANSWER: ➡ When the data are normally distributed.
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What is the primary difference between reproduction cost and replacement cost? - ANSWER: ➡
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Reproduction cost is estimated using an exact duplicate of the subject property versus a similar
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property.
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Reproductions cost is the cost to construct an exact duplicate of the subject property at the current
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costs as of the appraisal date, whereas replacement cost is the current cost to construct a building
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with the same usefulness as the subject building.
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Easements are a type of encumbrance that can affect a property. Which of the following is true about
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easements? - ANSWER: ➡ Easements are often established by written agreement between the
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parties.
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Easements come in many forms, are of varying duration, and may be established with or without the
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owner's permission. They're often established by a written agreement between the parties.
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Which fraction is improper?
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1/8
5/8
7/8
9/8 - ANSWER: ➡ 9/8
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Which of the following analyzes net operating income (NOI) for a single year, and is used the
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property's income isn't expected to vary much over time? - ANSWER: ➡ Direct Capitalization
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