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13 Cards in this Set
- Front
- Back
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An apprasier estimated the replacement cost of a new building at $560,000. The building has an estimated economic life of 40 years and an estimated remaining life of 30 years. What is the current value of the building ?
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Which of the following parcels of land is the smallest? A- Two Sections B- Twp square miles C- 1280 acres D- 5% of a township |
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According to the brokers CMA a property is worth 225,000. The home owner bought the property for 190,000 and added 50,000 in improvements for a total of 240,000. The property sold for 222,500. Which amount represents the propertys market value ?
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A suburban home with four bedrooms and only one bathroom suffers from what condition ? A- Curable physical deterioation B- Incurable physical deterioation C- Functional obsolescense D- External Obsolescense |
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Another word for UNIQUENESS is A- Scarcity B- Nonhomogeneity C- Fructus Industrials D- Immobility |
Which of the following is the BEST way to ensre that there are no encroachments and verify the boundairs of a parcel of land ? A- Write a legal description B- Find the monuments C- Get a spot survey D- Verify the benchmarks |
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The primary survey line running north and south in any area described by the rectangular survey system is its A- Township Line B- Base Line C- Principal meridian D- Rnage Line |
A recorded subdivision plat is used in the -------------- System |
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The term improvments, when referring to real estate includes ? A- Sidewalks B- Shrubbery C- Trees D- Lawns |
How many acres are in the property described as follows: The NW 1/4 of the SW 1/4 of the NE 1/4 of section 16 ? |
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A section is A- One square mile B- Contains 460 acreas C- Has a perimeter of 5280 square feet D- Can be any number from 1to 50 |
Which of the following best describes a capitalization rate ? A- Amount determined by the gross rent multiplier B- Rate of return an income property will produce C- Mathematicial value determined by the sales price D- Rate at which the amount of depreciation in a property is measured |
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If the annual net income from a commercial property is 75,000 and the capitalization rate is 8% what is the property worth if the income approach is used ? |
A home is the smallest in a neighborhood of large expensive homes. The effect of the other houses on the value of the small house is known as A- Regression B- Progression C- Substitution D- Contribution |
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What is not included in public land use controls ? A- Subdivision Regulations B- Covenants, conditions and restrictions C- Environmental protectional laws D- Comprehensive Plan Specifications |
Zoning powers are conferred on municipal govnerment in which of the following ways ? A- By state enabling acts B- Through the master Plan C- By popular local vote D- Through city charters |
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A restriction in a sellers deed may be enforced by which of the following ? A- City Building Commission B- Zoning Board of appeal C- State Legislature D- Court Injunction |
Which of the following is a variance ? A- An exception to a zoning ordiance B- A court order prohibiting certain activities C- A reversion of ownership D- A nullification of an easement |
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Asbestos dust can cause ? A- Aids B- Skin Caners C- Radiation Sickness D- Lunh disease |
All of the following contribute to the growth of mold except ? A- Low humidity B- Presence of EIFS C- Roof Leaks D- Improperly installed gutters |
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Federal Underground storage tank regulations require that ? A- Home fuel oil tanks in basement be registered with EPA B- Septic tanks must be pumped out every 5 years C- Liquid petroleum tanks that store atleast 10% of their volume underground be in compliance D- States not develop regulations more stringent than the federal regulations |
Agents shows a pre world war 1 house to a buyer that has 2 toddles is worried abour potiental health hazzards what should she be concerned about ?
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Radon poses the greatest potential health risk to people when it is ? A- Contained in insulation material used in residential properties in the 1970s B- Found in high concentration in undeveloped land C- Trapped and concentracted in inadequately ventilated areas D- Emmitted by malfunctioning or inadequately ventilated appliances |
Waste and topsoil are layered in a pit, mounded up and covered with dirt and plants this is the process of creating what ? |
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Contamination from underground Storage tanks is ? A- Found only in petroleum stations B- Addresses by EPA regulations C- Only caused by tanks currently in use D- Easily detected and eliminated |
you did it destany !!!! woot woot ! yay! |
