A residence that has a bathroom but no tub would be said to suffer from:

The four characteristics of land value are:

When appraising a rental property, the appraiser should emphasize which of the following:

The capitalization method is best used in determining the value of:

When appraising a 20-year old residential home, the appraiser should emphasize which of the following:

If the market capitalization rate in a community is going up property values would generally be:

An appraiser should first consider which of the following when making an appraisal?

All of the following are operating expenses EXCEPT:

Which of the following statements is true about depreciation in an appraisal?

The principle that assumes that property values are highest in neighborhoods where houses are similar in design, construction, and size, is known as the principal of:

When appraising an income producing property, which of the following is the MOST IMPORTANT consideration?

Which of the following appraisal methods would be best when appraising a residential property?

Which of the following would an appraiser use to estimate the value of a vacant lot?

If an appraiser was appraising a school building, a church or a library which method would he use most heavily?

All of the following are physical characteristics of the value of land EXCEPT:

When an appraiser is estimating the square footage in a building the appraiser would use:

If the demand for apartments is less than the available units for rent in an area, the market would be referred to as a:

When using the cost approach to appraisal, the appraiser has found that while the subject property is in excellent condition, the neighborhood is made up of poorly maintained properties. This loss in value would be called:

Capitalization would best be used in which of the following circumstances?

When using the direct sales comparison or market data approach to appraisal, if you had three comparables with different sales prices which would you emphasize?

Using land to its greatest economic advantage is called:

What income is used by the appraiser when estimating the value of an investment property?

The single most important factor affecting the value of a property is the:

The best evidence for justifying the price of a house is:

A broker would want to know all of the following when establishing the listed price of a property EXCEPT:

If a buyer wishes to have an appraisal prior to making an offer on a property the licensee should:

The appraisal principle that assumes the value of an improvement (remodeling) is not what it costs but what it adds to the value of the property is the principle of:

In a market where the demand exceeds the supply for single family homes economists would refer to the condition as a:

The existence of a "Fair Market" in which a willing buyer in no hurry to buy, buys a property from a seller under no duress to sell is called a/an:

In the above question, the increased value created by the assemblage is called:

Economic rent:

Lenders require an appraisal to make sure the:

Determining the present value of a property's future income is what an appraiser does when using which approach to value?

Which of the following items are not a part of the profit and loss (income) statement?

All of the following are assumptions of an appraiser when appraising a property EXCEPT:

Which appraisal report would give the client the most information?

If a broker is preparing a Competitive Market Analysis (CMA) for a seller he/she is attempting to:

If a property satisfies human needs, gives a monetary return or other satisfaction it is said to have value created by: