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Residential Appraiser Site Valuation and Cost Approach questions with answers
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Residential Appraiser Site Valuation and Cost Approach questions with answers
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Residential Appraiser Site Valuation andCost Approach questions with answers
Which |of |the |following |would |NOT |be |considered |a |site |improvement?
Curbs |and |gutters
Municipal |water
Fill
Mineral |deposits |- |ANSWERS✔✔Mineral |deposits
The |highest |and |best |use |of |a |site |as |though |vacant |may |be |different |from |the |highest |and |best
|use |of |the |whole |property, |as |presently |improved.
True
False |- |ANSWERS✔✔True
Which |of |the |following |items |would |NOT |be |considered |a |site |improvement?
Water |rights
Site |plan
Fill
Permits |- |ANSWERS✔✔Water |rights
Which |statement |is |true |of |land |rights?
,They |cannot |be |separated |from |the |land
They |can |be |sold |but |not |leased
They |can |be |leased |but |not |sold
They |can |be |sold |or |leased |- |ANSWERS✔✔They |can |be |sold |or |leased
Sites |are |usually |valued |according |to |their |highest |and |best |use.
True
False |- |ANSWERS✔✔True
"In |law, |the |solid |surface |on |the |earth, |as |distinguished |from |water" |is |the |definition |of
Land
Terra |firma
Real |property
Site |- |ANSWERS✔✔Land
Land |includes |the |surface |of |the |earth |and
Anything |attached |to |it |by |nature |only
Anything |attached |to |it |by |nature |or |mankind
Water |but |not |mineral |deposits
Everything |below |it |but |not |above |it |- |ANSWERS✔✔Anything |attached |to |it |by |nature |or |
mankind
The |Highest |and |Best |Use |would |be |the |one |that |would |bring |the |highest |value |to |the |site.
,True
False |- |ANSWERS✔✔True
Improved |land |or |a |lot |in |a |finished |state |so |that |it |is |ready |to |be |used |for |a |specific |purpose |is |
called
Improved |land
Situs
Site
Tract |- |ANSWERS✔✔Site
The |highest |and |best |use |of |a |site |as |though |vacant |may |be |different |from |the |highest |and |best
|use |of |the |whole |property, |as |presently |improved.
True
False |- |ANSWERS✔✔True
Which |of |the |following |is |NOT |one |of |the |elements |of |highest |and |best |use?
Socially |acceptable
Physically |possible
Legally |permitted
Economically |feasible |- |ANSWERS✔✔Socially |acceptable
All |areas |are |platted.
True
, False |- |ANSWERS✔✔False
Which |method |of |legal |description |was |the |earliest?
Government |Survey
Lot |and |Block
Rectangular |Survey
Metes |and |Bounds |- |ANSWERS✔✔Metes |and |Bounds
Bounds |are |best |described |as
Distances
Benchmarks
Bearings
None |of |the |above |- |ANSWERS✔✔Distances
How |many |feet |are |in |a |chain?
16.5
66
660
5,280 |- |ANSWERS✔✔66
In |the |Government |Survey |System, |each |township |is |divided |into |____ |sections.
16
32
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