©20=
03,
Educational Textbook Company
1. A comparable sale must:
a. be in the same market as the subject prop= erty.
b. appeal to the same sorts of buyers.
c. compete with the subject property.
d. all of the above.
2. Which of the following is NOT a step i= n the sales comparison approach?
a. Collection and verification of data.
b. Background credit check of owners.
c. Analysis and adjustment of comparable pri= ces.
d. Reconciliation of comparable value indica= tors.
3. Which of the following is a legitimate source of sales comparison data?
a.
b. Real Estate Board MLS
c. Title Insurance companies
d. All of the above
4. Which of the following is NOT informat= ion included on the sale data form?
a. Terms of sale
b. Occupancy status
c. Racial and religious breakdown of neighbo= rhood
d. Personal property included in the sale
5. Estimating where within the range of v= alues the subject property’s value is located is called:
a. reconciling the value indicators.
b. ranging the values.
c. averaging the value indicators.
d. none of the above.
6. If market conditions have changed betw= een the date of a comparable sale and the effective date of an appraisal:
a. the comparable must be rejected.
b. an adjustment must be made to account for= this fact.
c. the date of the sale can be changed to be= tter match the appraisal.
d. all of the above.
7. A leasehold interest includes the righ= ts to use a property:
a. under the terms of a lease.
b. indefinitely.
c. while making payments to purchase the pro= perty.
d. none of the above.
8. The technique used for quantitative adjustments is called:
a. matched pairs analysis.
b. paired data analysis.
c. paired data set analysis.
d. all of the above.
9. When adjustment values are not express= ed in terms of dollars or percentages but in forms of relative value, it is calle= d a:
a. relative comparison analysis.
b. comparative valuation analysis.
c. quantitative comparison analysis.
d. paired data analysis.
10. The total dollar amount of the adjust= ments for the comparable, without regard to whether the adjustments are positive = or negative, is called the:
a. net adjustment.
b. gross adjustment.
c. preliminary adjustment.
d. all of the above.
Real Estate Appraisal Answer=
Key
- Quiz B - Chapter 9
1. d - p. 264
2. b - p. 264
3. d - p. 265
4. c - p. 265
5. a - p. 267
6. b - p. 271
7. a - p. 272
8. b - p. 274
9. a - p. 278
10. b - p. 281