When Scheduled rent is less than market rent, a tenant may benefit by creation of a -
Answers -sandwich lease
A rectangular shaped building that is 35 feet wide and 55 feet long has a perimeter of -
Answers -180 feet
In the U.S. Government survey system, a one square mile area, or 640 acres, is called
a - Answers -section
A time share is always - Answers -a right to use property
Deterioration of a building walls and ceilings is considered - Answers -long lived
incurable
Deterioration of a building foundation is considered - Answers -long lived incurable
Which of the following terms refers to the rights of a person who owns a piece of
property but lease it to someone else - Answers -Leased fee estate
the cost to pave a driveway that is 330 feet by 18 feet , at $8.25 per square yard, is -
Answers -5,445
The value of 100 acres of land best suited for high density residential use may be found
using the - Answers -subdivision development method
Matched pairs analysis is used to determine which of these - Answers -Value of
adjustments
A property use (as opposed to a building specification) contrary to local zoning
regulations would require which of the following - Answers -Conditional use permit
Under the condominium form of ownership, an owner's interest in an individual unit
would normally be a - Answers -fee simple interest
Varying financing terms may be compensated for when considering comparable
properties by using the - Answers -Cash equivalency technique
Generally, gross rent multiplier are used in appraising which of the following - Answers -
Single family homes
A house oriented for maximum sunlight in winter will face - Answers -south
,Between the ground and a foundation slab that rests on piers is (are) the - Answers -
crawl space
Tangible items not permanently attached to real estate are - Answers -personal property
In a trust deed, the person pledging real estate as security for the debt is the - Answers
-trust-or
Under a gross lease, the tenant usually pays - Answers -a fixed rental over the period of
the lease
Land is divided into townships in the - Answers -rectangular survey system
Base lines and meridians are used in the - Answers -rectangular survey system
If there were 400 foreclosures this year and 500 last year, what is the percentage of
change - Answers --20%
Acknowledgment is required to - Answers -validate a deed for recording
A subdivision map is referenced in the - Answers -lot and block system
Governments establish zoning ordinance and building codes thought - Answers -their
police power
Anything used with land for its benefit is - Answers -an appurtenance
As a general rule, the sales comparison approach is the most reliable approach with -
Answers -single family residences
The mortgage that offers a below market interest rate and lower payments in exchange
for the transfer of some equity from borrower to lender is the - Answers -shared
appreciation mortgage
The highest and best use of real estate is its - Answers -most profitable legally and
physically permitted use
The high value of older building in very desirable urban areas results primarily from -
Answers -supply and demand
Earthquakes, mud slides and periods of economic depression are all examples of -
Answers -Change
In the cost approach the value - Answers -Improvements are depreciated
, The lessee most likely would pay for fire insurance under which type of lease - Answers
-triple net lease
Net operating income excludes - Answers -rent, rent plus any other income, gross
income, none of these
An outmoded room layout in a home is an example of - Answers -functional
obsolescence
If a wants a 10% return on investment and is interested in a retail complex that
produces a net operating income of $63,000 per year, what would the buyer be willing
to pay for the complex - Answers -$63,000
to receive a 14% return on an investment of $500,000, what would be the required net
operating income of the purchased property - Answers -$7,000
What would be the best appraisal approach to use in estimating the market value of an
athletic stadium - Answers -cost
Which appraisal approach would normally carry the most weight in valuing a strip
shopping center - Answers -income capitalization
Economic base refers to - Answers -the level of business activity in a community
a measure of how far the average variate differs from the mean is the - Answers -
average deviation
Using all three approaches to value and assigning different weights to each approach is
called - Answers -reconciliation
the most frequently occurring variate is the - Answers -mode
Income attributable to land rent that remains after the expenses of ownership are
deducted, is called - Answers -surplus productivity
The measure of the effectiveness of insulation is - Answers -R-value
In the income capitalization approach, property value is treated as a function of -
Answers -net operating income
A property is described in a deed as the S 1/2 of the SW 1/4 of the NW 1/4 of section 4.
How many acres does the parcel contain - Answers -20 acres
The scientific study of population statistics is called - Answers -demography
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