Basic Appraisal Test

99 Questions | Total Attempts: 4225

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Appraisal Quizzes & Trivia

Questions and Answers
  • 1. 
    • A. 

      Land and anything permanently attached to the land

    • B. 

      Property that is not encumbered by leases

    • C. 

      Building and other improvements

    • D. 

      Building and Fixture

  • 2. 
    POLICE POWER includes all of the following except.
    • A. 

      Zoning

    • B. 

      Deed restrictions

    • C. 

      Building codes

    • D. 

      Subdivision regulation

  • 3. 
    Which of the following best defines real estate.
    • A. 

      Land and the air above it

    • B. 

      Land and buildings permanently affixed to it

    • C. 

      Land and all things permanently affixed to it

    • D. 

      Land and the mineral rights in the land

  • 4. 
    The bundle of legal rights is included in.
    • A. 

      Land

    • B. 

      Real estate

    • C. 

      Real property

    • D. 

      Trade fixtures

  • 5. 
    All of the following would be considered real estate except.
    • A. 

      Fences

    • B. 

      Buildings

    • C. 

      Growing trees

    • D. 

      Farm equipment

  • 6. 
    Which of the following is not an economic characteristic of real estate?
    • A. 

      Indestructibility

    • B. 

      — TVA)9i-e-A i t° improvements

    • C. 

      Area reference

    • D. 

      Scarcity

  • 7. 
    • A. 

      Land and the air above it

    • B. 

      Land and buildings permanently affixed to it

    • C. 

      Land and all things permanently affixed to it

    • D. 

      Land and the mineral rights in the land

  • 8. 
    Real property can be converted into personal property through?
    • A. 

      Severance

    • B. 

      Accession

    • C. 

      Conversion

    • D. 

      Inference

  • 9. 
    The term non-homogeneity refers to ?
    • A. 

      Scarcity

    • B. 

      Immobility

    • C. 

      Uniqueness

    • D. 

      Indestructibility

  • 10. 
    The bundle of right includes all of the following except ?
    • A. 

      The right to exclude someone from the property

    • B. 

      The right to enjoy property within the framework of law

    • C. 

      The right to sell or otherwise convey the property

    • D. 

      The Right to use the property for any purpose, legal or otherwise

  • 11. 
    Which of the following is not an example of special purpose real estate?
    • A. 

      A private school

    • B. 

      A public school

    • C. 

      Shopping center

    • D. 

      A house and lot

  • 12. 
    Which of the following are the limitations to property ownership?
    • A. 

      Police power, eminent domain, taxation and escheat

    • B. 

      Scarcity, improvements, and area preference scarcity, improvements, and area preference

    • C. 

      Right to enjoy, possess, exclude others, right to dispose

    • D. 

      Interest , benefits, amenities

  • 13. 
    • A. 

      Severance

    • B. 

      Accession

    • C. 

      Conversion

    • D. 

      Annexation

  • 14. 
    Real estate refers to the following?
    • A. 

      Land and improvements whether natural or man made

    • B. 

      Land, improvements, rights, benefits, interest

    • C. 

      Land and buildings and inherent rights of ownership

    • D. 

      Trees, fence, road, drainage system

  • 15. 
    What are the two classifications of properties as to ownership under the CivilCode?
    • A. 

      Public domain and private ownership

    • B. 

      Movable or personal

    • C. 

      Immovable or real property

    • D. 

      Within the commerce of man and outside the commerce

  • 16. 
    • A. 

      Movable or personal and immovable or real property

    • B. 

      Public domain and private ownership

    • C. 

      Present property and future property

    • D. 

      Within the commerce of man and outside the commerce of man

  • 17. 
    What are the classification of Properties according to use?
    • A. 

      Residential, industrial, commercial, agricultural, special

    • B. 

      Public domain and private ownership

    • C. 

      Present property and future property

    • D. 

      Agricultural, forest park or timber, mineral and Parks

  • 18. 
    Which of the following represents the economic characteristics of real estate?
    • A. 

      A Scarcity, Improvements, permanence of investment and area preference preference

    • B. 

      Land is immobile, indestructible, land is unique

    • C. 

      Land is scars and limited, land is unique and immobile

    • D. 

      Scarcity, availability of land, uniqueness of land

  • 19. 
    Any person directly engaged as principal in the business of buying or selling is ?
    • A. 

      Real estate broker

    • B. 

      Real estate dealer

    • C. 

      Dealer

    • D. 

      Real estate developer

  • 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. 

      Real estate dealer

    • B. 

      Real estate dealer

    • C. 

      Real estate project developer

    • D. 

      Real estate developer

  • 21. 
    Under RA 9646, what constitute the real estate service practitioners?
    • A. 

      Real estate salesman, broker, appraiser and consultant

    • B. 

      Real estate salesman, real estate developer, dealer

    • C. 

      Real estate developer, real estate dealer, salesman

    • D. 

      Real estate developer, realtor, real estate consultant

  • 22. 
    The two major characteristics of real estate that affects its value?
    • A. 

      Economic and physical characteristics

    • B. 

      Political and environmental

    • C. 

      Natural or physical

    • D. 

      Economic and environmental

  • 23. 
    Which of the following is not an economic characteristics of real estate ?
    • A. 

      Scarcity

    • B. 

      Improvements

    • C. 

      Permanence of investment

    • D. 

      Land is unique

  • 24. 
    Which of the following is not a physical characteristics of real estate ?
    • A. 

      Scarcity

    • B. 

      Land is immobile

    • C. 

      Land is indestructible

    • D. 

      Land is unique

  • 25. 
    The geographical location of a parcel of land can never be change is referred toas?
    • A. 

      Immobility

    • B. 

      Idestructibility

    • C. 

      Uniqueness

    • D. 

      Permanence