Basic Appraisal Test

99 Questions  I  By Jengerz

  
Changes are done, please start the quiz.


Question Excerpt

Removing question excerpt is a premium feature

Upgrade and get a lot more done!
1.   Which of the following definitions is appropriate for the term REAL ESTATE.
A.
B.
C.
D.
2.  POLICE POWER includes all of the following except.
A.
B.
C.
D.
3.  Which of the following best defines real estate.
A.
B.
C.
D.
4.  The bundle of legal rights is included in.
A.
B.
C.
D.
5.  All of the following would be considered real estate except.
A.
B.
C.
D.
6.  Which of the following is not an economic characteristic of real estate?
A.
B.
C.
D.
7.  Which of the following best defines real estate?
A.
B.
C.
D.
1 comment
8.  Real property can be converted into personal property through?
A.
B.
C.
D.
9.  The term non-homogeneity refers to ?
A.
B.
C.
D.
10.  The bundle of right includes all of the following except ?
A.
B.
C.
D.
11.  Which of the following is not an example of special purpose real estate?
A.
B.
C.
D.
12.  Which of the following are the limitations to property ownership?
A.
B.
C.
D.
1 comment
13.  Can personal property be converted into real property through what process?
A.
B.
C.
D.
14.  Real estate refers to the following?
A.
B.
C.
D.
15.  What are the two classifications of properties as to ownership under the CivilCode?
A.
B.
C.
D.
16.  What are the two classification of Properties according to mobility and non mobility?
A.
B.
C.
D.
17.  What are the classification of Properties according to use?
A.
B.
C.
D.
18.  Which of the following represents the economic characteristics of real estate?
A.
B.
C.
D.
19.  Any person directly engaged as principal in the business of buying or selling is ?
A.
B.
C.
D.
20.  Refers to any natural or juridical person engage in the business of developingreal estate development projects for his/her or own account and offering them for sale orlease is called?
A.
B.
C.
D.
21.  Under RA 9646, what constitute the real estate service practitioners?
A.
B.
C.
D.
22.  The two major characteristics of real estate that affects its value?
A.
B.
C.
D.
23.  Which of the following is not an economic characteristics of real estate ?
A.
B.
C.
D.
24.  Which of the following is not a physical characteristics of real estate ?
A.
B.
C.
D.
25.  The geographical location of a parcel of land can never be change is referred toas?
A.
B.
C.
D.
26.  This definition that land is thought of as a rare commodity, and the total supply isfixed is ?
A.
B.
C.
D.
27.  An economic characteristics of real estate which says the building or improvementon one parcel of land has an effect on the value and utilization of neighboring tract andcan be a direct bearing on the whole community or neighborhood is?
A.
B.
C.
D.
28.  The most important economic characteristics of real estate is referred to as ?
A.
B.
C.
D.
29.  No two parcels of land are ever exactly the same is referred to as?
A.
B.
C.
D.
30.  Which of the word is defined as the earth's surface extending downward to thecenter of the earth and upward to infinity?
A.
B.
C.
D.
31.  Which of the word is defined as land at, above and below the earth's surface,including all things permanently attached to it, whether natural or artificial is ?
A.
B.
C.
D.
32.  The word being referred to as the interest, benefits and rights inherent to theownership of real estate is?
A.
B.
C.
D.
33.  Which of the following are the two concepts of real estate that a registered licenseeor broker should know and understand ?
A.
B.
C.
D.
34.  The Bundle of rights is defined as ?
A.
B.
C.
D.
35.  Under the bundle of rights concept, which right includes the right to sell, donate,will, pledge or mortgage ?
A.
B.
C.
D.
36.  Which of the rights includes the three (3)kinds of fruits, such as natural fruits,industrial fruits and civil fruits ?
A.
B.
C.
D.
37.  The rights f ownership are limited by four (4) powers of government namely?
A.
B.
C.
D.
38.  The word referred to as the absolute right of ownership without limitations as to anyparticular class of heirs or restrictions but subject to the limitations of the four (4) powersof government is ?
A.
B.
C.
D.
39.  Zoning rules and regulations or ordinances, traffic regulations, fire codes, and othersafety laws are examples of what right of government on real estate ownership?
A.
B.
C.
D.
40.  The right reserved by government to take private property for public use beneficial tothe public upon payment of just compensation?
A.
B.
C.
D.
41.  The word referred to as the absolute right of ownership without limitations as to anyparticular class of heirs or restrictions but subject to the limitations of the four (4) powersof government is ?
A.
B.
C.
D.
42.  Which right of government is imposed on real estate ownership for the purpose ofraising funds for its operations and services that otherwise protect and benefit thecitizenry ?
A.
B.
C.
D.
43.  The four ordinary classification of real estate according to use and normally referredto in the ordinary course of buying. and selling are?
A.
B.
C.
D.
44.   Which of the following are the four (4) property types based on the InternationalValuation Council (1VSC)?
A.
B.
C.
D.
45.  Which of the following are the constitutional classification of real property providedfor in ART.XII Section 3 of the constitution?
A.
B.
C.
D.
46.  Which of the following are the two classification of real property according toexistence provided for in Civil Code of the Philippines?
A.
B.
C.
D.
47.  Which of the following are the constitutional classification of real property providedfor in ART.XII Section 3 of the constitution?
A.
B.
C.
D.
48.  RDL is renting a single-family home under a one year lease. Two months into thelease he installs a window type air-condition placed in the opening provided for on oneside of the building. Which of the following is true?
A.
B.
C.
D.
49.  All of the following would be consideration for an item being real property except?
A.
B.
C.
D.
50.  Which of the following makes use of a rate of investment return?
A.
B.
C.
D.
51.  The elements of value include which of the following?
A.
B.
C.
D.
52.  The principle of value that states that two adjacent parcels of land combined intoone larger parcel could have a greater value than the two parcels valued separately iscalled?
A.
B.
C.
D.
53.  The amount of money a property commands in the market place is its?
A.
B.
C.
D.
54.  RDL had his "dream house" constructed for P6,000,000 in an area where mostnewly constructed houses are not as well equipped as his and typically sell for onlyP2,000,000. The value of RDL house is likely to be affected by the principle of?
A.
B.
C.
D.
55.  In question No. 55 the owners of the lesser- valued houses in RDL immediate areamay be affected by the principle of ?
A.
B.
C.
D.
56.  Accrued depreciation for appraisal purpose is not caused by which of the following?
A.
B.
C.
D.
57.  Reconciliation refers to which of the following?
A.
B.
C.
D.
58.  One method an appraiser can use to determine a building reproduction costinvolves the estimated cost of the raw materials needed to build the structure, plus laborand indirect cost. This is called the:
A.
B.
C.
D.
59.  If a properties annual net income is P24,000 and it is valued at P300,000. What isits capitalization rate?
A.
B.
C.
D.
1 comment
60.  Certain figures must be determined by an appraiser before value can be computedby the income capitalization approach. Which of the following is not required for thisprocess?
A.
B.
C.
D.
61.  The income capitalization approach would be given the most weight in the valuationof what type of property?
A.
B.
C.
D.
62.  The market value of a parcel of real estate is:
A.
B.
C.
D.
63.  Capitalization is the process by which annual net operating income is used to
A.
B.
C.
D.
64.  From the reproduction or replacement cost of a building the appraiser deductsdepreciation, which represents:
A.
B.
C.
D.
65.  In the Sales Comparison Approach or Direct Market Comparison Approach to valuethe probable sales price of a building may be estimated by:
A.
B.
C.
D.
66.  Which of the following factor e important in comparing properties underthe Sales Comparison Approach or rDiect Market Comparison Approach to value?
A.
B.
C.
D.
67.  In the income capitalization approach to value:
A.
B.
C.
D.
68.  The appraised value of a residence with four bedrooms and one bedroom wouldprobably be reduced because of:
A.
B.
C.
D.
69.  A factor representing the percentage increase in construction cost over time is usedin the:
A.
B.
C.
D.
70.  Demand has no effect on value unless there is also:
A.
B.
C.
D.
71.  Depth tables would most likely be used in appraising what kind of property?
A.
B.
C.
D.
72.  Which of the following is a physical factor affecting value?
A.
B.
C.
D.
73.  The fact that individual properties, neighborhood and others are constantlychanging is called the principle of?
A.
B.
C.
D.
74.  When a commodity is scarce and the demand is high, its value increases. This iscalled the principle of?
A.
B.
C.
D.
75.  The term plottage is closely associated with:
A.
B.
C.
D.
76.  The appraisal report may be in a:
A.
B.
C.
D.
77.  The methods of appraising includes the :
A.
B.
C.
D.
78.  The narrative form of appraisal report will include all of the following except:
A.
B.
C.
D.
79.  Which of the following is the least important in determining the market value of ahome?
A.
B.
C.
D.
80.  Reconciliation, one of the last steps in the appraisal/valuation process, is:
A.
B.
C.
D.
81.  The term Highest and Best Use refers to:
A.
B.
C.
D.
82.  1n appraising a home, which method is used most frequently?
A.
B.
C.
D.
83.  The Cost Approach results in the most aacurate appraisal of:
A.
B.
C.
D.
84.  Which is not a characteristics of a Cap Rate ?
A.
B.
C.
D.
85.  Land is Unique because:
A.
B.
C.
D.
86.  Appraisal are always used :
A.
B.
C.
D.
87.  An Appraiser/Valuer.
A.
B.
C.
D.
88.  You are a licensed APPRAISER who has been asked to help sell a small familyfarm. The client specifically needs help with a marketing plan, deciding whatimprovements should be made to the property, and how to handle an offer when onecomes in. If you accept this assignment, you are:
A.
B.
C.
D.
89.  Value is a word of many meanings, but the general meaning is?
A.
B.
C.
D.
90.  To quality for the appraiser's licensing examination, the examinees should possesthe following except
A.
B.
C.
D.
1 comment
91.  The right of the government to acquire property of a decedent who died without awill and without heirs is referred to as what?
A.
B.
C.
D.
92.  In regard to Zoning, which of the following statement is CORRECT?
A.
B.
C.
D.
93.  Land value can be estimated using the following techniques except?
A.
B.
C.
D.
94.  The date of the value opinion is:
A.
B.
C.
D.
95.  The valuation process defining the value estimated is included in the:
A.
B.
C.
D.
96.  The valuation technique in which land and building are valued separately is:
A.
B.
C.
D.
97.  Which of the following is...rer,rti Qfor Highest and Best Use
</
A.