Chapter 7.2 Quiz (14% Of The Exam)
.
- 1.When building a home, which of the following workers normally install the conduit?
- A.
Roofers
- B.
Plumbers
- C.
Electricians
- D.
Carpenters
- 2.Each of the following is dangerous gas which may be present in a home, except:
- A.
Carbon monoxide
- B.
Radon
- C.
Carbon dioxide
- D.
Formaldehyde
- 3.An elevation sheet for a new subdivision shows which of the following?
- A.
Topography of the land, including slope, elevation of grading of the site
- B.
Interior views of the homes as they will appear when finished
- C.
Drawings of the front and side views of the homes as they will appear when finished
- D.
Aerial views of the homes as they will appear when finished
- 4.In home construction, a "footing" refers to:
- A.
A masonry beam found under the floorboard
- B.
A steel girder to which the floorboards are affixed
- C.
The spreading part at the base of a foundation wall or pier
- D.
A slab of concrete upon which asphalt is usually laid
- 5.A real estate broker would look at which of the following in order to find the location, size and dimensions of the footings, concrete piers and details of the subfloor area?
- A.
Floor plan
- B.
Plot plan
- C.
Elevation plan
- D.
Foundation plan
- 6.Water seeping up from the ground from an indeterminable source would be described as:
- A.
Riparian water
- B.
Littoral water
- C.
Percolating water
- D.
Appropriation water
- 7.Water that is suitable for drinking and is not contaminated is said to be:
- A.
Potable water
- B.
Privy water
- C.
Alluvium water
- D.
Avulsion liquid
- 8.A commercial development that has a single line of store buildings constructed along a major transportation route is described as:
- A.
A cluster development site
- B.
A strip commercial development
- C.
A neighborhood shopping center
- D.
A street commercial zone development
- 9.What state agency would a consumer contact in order to obtain a written report disclosing the presence of wood destroying organisms?
- A.
Bureau of Real Estate
- B.
Department of Corporations
- C.
Structural Pest Control Board
- D.
Department of Housing and Community Development
- 10.An appraiser is appraising a home, and notices an abandoned gas station next door. The appraiser should recommend which of the following?
- A.
A soil report by a civil engineer
- B.
A toxic waste report from the EPA
- C.
A rezoning of the property
- D.
A structural pest control report
- 11.Which of the following would best describe a turnkey project?
- A.
A subdivision located in a remote area
- B.
A subdivision whose design has been approved by the local planning commission
- C.
A construction project that is ready for occupancy
- D.
An interior lot located in the middle of a subdivision
- 12.The ultimate test of functional utility is:
- A.
Marketability
- B.
Maintenance costs
- C.
Design
- D.
Utility costs
- 13.When may an appraiser appraise a property owned by a corporation in which he is a shareholder?
- A.
Never
- B.
Only when the lender is that corporation
- C.
When he discloses his ownership of shares in the appraisal report
- D.
Only when the action is approved by the board of directors
- 14.Value (worth) is defined by appraisers as:
- A.
Relationship between the thing desired and the purchaser
- B.
Power of one commodity to attract other commodities in exchange
- C.
Present worth of future benefits arising from ownership of the property
- D.
All of the above
- 15.When an appraiser determines market value, he would be least concerned with:
- A.
Prudent value in exchange for a prudent price
- B.
Original cost
- C.
Objective value
- D.
An open market
- 16.When a developer purchases two or more contiguous lots, thus placing them under common ownership for the purpose of increasing the value per lot, it is known as:
- A.
Co-ownership
- B.
Cooperative ownership
- C.
Plottage
- D.
Disassemblage
- 17.When using the market data approach to appraise a single-family residence, the unit of comparison is:
- A.
The entire property
- B.
Square foot
- C.
Cubic foot
- D.
Capitalization rate
- 18.When an appraiser compares "reproduction cost" and "replacement cost," "replacement cost" would best be described as:
- A.
The cost to replace a building with some other building which would then be able to use the land to its highest and best use
- B.
The original cost to build the building
- C.
The present cost to build an exact replica of the building
- D.
The present cost to build a comparable building having the same utility as the building it would replace
- 19.All of the following would be considered economic obsolescence, except:
- A.
Community businesses closing
- B.
An old kitchen
- C.
Incompatible zoning laws
- D.
A new sewage treatment plant next to the property
- 20.An appraiser would use which of the following approaches in appraising a shopping center?
- A.
Comparison approach
- B.
Capitalization (income) approach
- C.
Replacement cost approach
- D.
Market data approach
- 21.When a real estate appraiser is using a gross multiplier to determine property value, the appraiser calculates the appropriate gross multiplier by:
- A.
Dividing the sale price by the net monthly income
- B.
Multiplying the annual gross income by the appropriate capitalization rate
- C.
Diving the sales price by the gross monthly income
- D.
Dividing the sale price of comparable properties by the appropriate capitalization rate
- 22.Under the Contractors' State License Law, every person who performs the work of a contractor in this state must be licensed by the Contractors' State License Board. Licensing exemptions include:
- A.
An owner's own work if the owner intends to offer the property for sale within one year of completion
- B.
Minor work not exceeding $500
- C.
Minor work not exceeding $1,000
- D.
Work done by the property owner's relative
- 23.During the site inspection of a home, an appraiser finds that the inside of an exterior wall of a building is about the same temperature as the other interior walls. What does this tell the appraiser?
- A.
The heater is doing a great job
- B.
The wall insulation is adequate
- C.
Heat is leaking out through the exterior walls
- D.
The heating duct system is inadequate
- 24.The lowest part of a frame house that rests on the foundation is called the:
- A.
Flooring
- B.
Soleplate
- C.
Mudsill
- D.
Header
- 25.Who must receive a copy of the structural pest control report?
- A.
Buyer
- B.
Seller
- C.
Agent
- D.
Both buyer and seller
Questions: 26 | Attempts: 7873 | Last updated: Mar 19, 2022
-
Sample Question401 N Michigan ( Equitable Building) is at –
Questions: 28 | Attempts: 3907 | Last updated: Mar 22, 2022
-
Sample QuestionA machine power tool used to cut ciurves or holes in floors and roofs for pipes. Has a small knife-shaped blade that moves up and down.
Questions: 14 | Attempts: 3193 | Last updated: Mar 21, 2022
-
Sample QuestionTwo or more layers of felt cemented together and surfaced with a cap sheet, mineral aggregate, smooth coating or similar surfacing material is called:
Back to top