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Residential Appraiser Site Valuation and Cost Approach exam 2024 questions with answers.
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Residential Appraiser Site Valuation and Cost Approach exam 2024 questions with answers.
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Residential Appraiser Site Valuation andCost Approach exam 2024 questions
with answers
Trees |growing |on |wooded |property |in |a |nature |preserve |would |be |part |of |the
Site
Site |improvements
Emblements
Land |- |ANSWERS✔✔Land
Which |of |the |following |items |would |NOT |be |considered |a |site |improvement?
Water |rights
Site |plan
Fill
Permits |- |ANSWERS✔✔Water |rights
Land |includes |the |surface |of |the |earth |and |_____.
Anything |attached |to |it |by |nature |only
Anything |attached |to |it |by |nature |or |mankind
Water |but |not |mineral |deposits
Everything |below |it |but |not |above |it |- |ANSWERS✔✔Anything |attached |to |it |by |nature |or |
mankind
,Improved |land |or |a |lot |in |a |finished |state |so |that |it |is |ready |to |be |used |for |a |specific |purpose |is |
called
Improved |land
Situs
Site
Tract |- |ANSWERS✔✔Site
True |or |False: |Sites |are |usually |valued |according |to |their |highest |and |best |use. |- |
ANSWERS✔✔True
Land |is |best |described |as |a(n) |_____________ |element.
Economic
Physical
Legal
Social |- |ANSWERS✔✔Physical
True |or |False: |The |Highest |and |Best |Use |would |be |the |one |that |would |bring |the |highest |value |
to |the |site. |- |ANSWERS✔✔True
True |or |False: |The |highest |and |best |use |of |a |site |as |though |vacant |may |be |different |from |the |
highest |and |best |use |of |the |whole |property, |as |presently |improved. |- |ANSWERS✔✔True
Which |of |the |following |would |NOT |be |considered |a |site |improvement?
Curbs |and |gutters
Municipal |water
,Fill
Mineral |deposits |- |ANSWERS✔✔Mineral |deposits
Which |statement |is |true |of |land |rights?
They |cannot |be |separated |from |the |land
They |can |be |sold |but |not |leased
They |can |be |leased |but |not |sold
They |can |be |sold |or |leased |- |ANSWERS✔✔They |can |be |sold |or |leased
A |map |or |sketch |of |an |individual |property |that |shows |property |lines |and |may |include |features
|such |as |soils, |building |locations, |vegetation, |and |topography |that |can |also |serve |as |an |official |
legal |description |is |called |a
Plot
Plat
Survey
Parcel |- |ANSWERS✔✔Plat
Metes |are |best |described |as |_____.
Benchmarks
Boundaries
Bearings
None |of |the |above |- |ANSWERS✔✔Bearings
, "A |description |of |land |that |identifies |the |real |estate |according |to |a |system |established |or |
approved |by |law; |an |exact |description |that |enables |the |real |estate |to |be |located |and |defined" |is
|the |definition |of
Survey
Plat
Legal |description
Plat |map |- |ANSWERS✔✔Legal |description
Which |method |of |legal |description |is |found |primarily |in |along |the |East |Coast?
Rectangular |Survey
Metes |and |Bounds
Government |Survey
Lot |and |Block |- |ANSWERS✔✔Metes |and |Bounds
Bounds |are |best |described |as |______.
Distances
Benchmarks
Bearings
None |of |the |above |- |ANSWERS✔✔Distances
True |or |False: |All |areas |are |platted. |- |ANSWERS✔✔False
Which |method |of |legal |description |was |the |earliest?
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