Exam (elaborations)

Quiz 05: Data Collection and Analysis || with Error-free Solutions.

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Course
: Data Collection and Analysis || with Erro

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: Data Collection And Analysis || With Erro

.Exterior building data includes the type and condition of: A. roofing materials B. gutters C. windows D. all of the choices - The correct answer is "All of the choices". Review section "A. CATEGORIES OF BUILDING DATA - EXTERIOR DATA" for details. EXTERIOR BUILDING DATA includes the type and condit...

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exterior building data includes the type and cond

Institution : Data Collection and Analysis || with Erro
Course : Data Collection and Analysis || with Erro

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Quiz 05: Data Collection and Analysis || with Error-free
Solutions.
.Exterior building data includes the type and condition of: A. roofing materials B. gutters C.
windows D. all of the choices - The correct answer is "All of the choices". Review section "A.
CATEGORIES OF BUILDING DATA - EXTERIOR DATA" for details. EXTERIOR
BUILDING DATA includes the type and condition of roofing materials, gutters and downspouts,
exterior siding and trim, windows and window accessories, and exterior doors.

Which of the following is NOT a consideration when gathering demand data? A. Wage levels B.
Temperature C. Employment levels D. Population shifts - The correct answer is B. Review
section "B. COMPETITIVE SUPPLY AND DEMAND DATA" for details. "Competitive supply
and demand data" is a form of market trend data, one that is more closely tied to a particular
(local) market. DEMAND DATA includes items such as wage and employment levels and
population shifts, which drive demand in the local market.

According to market trend data, what two forces interact to affect value? A. Social and economic
B. Governmental and environmental C. Trendy and superficial D. Both A and B - The correct
answer is D. Review section "A. MARKET TREND DATA" for details. The terms MARKET
TREND DATA refer to about the ways that social, economic, governmental and environmental
(physical) forces interact to affect value�not specific to a certain property only

In gathering general data, what forces interact to affect value? A. Social and economic B.
Governmental and environmental C. Physical and social D. Both "Social and economic" and
"governmental and environmental" - The correct answer is D. Review section "A. MARKET
TREND DATA" for details. The terms MARKET TREND DATA and GENERAL DATA both
refer to the same thing: information about the ways that social, economic, governmental and
environmental (physical) forces interact to affect value�not specific to a certain property only.

Neighborhood boundaries: A. are determined by market influences B. always correspond to
physical barriers such as roads or streams C. never correspond to physical barriers such as roads
or streams D. are the same as subdivision boundaries - The correct answer is A. Review section
"A. DEFINING NEIGHBORHOOD BOUNDARIES" for details. Neighborhood boundaries are
defined by changing market influences. They may or may not coincide with physical boundaries
or changes in land use

Which of the following is NOT included in exterior building data? A. Gutters and downspouts B.
Windows and window accessories C. Landscaping D. Type and condition of roofing material -
The correct answer is C. Review section "4. EXTERIOR DATA" for details. EXTERIOR
BUILDING DATA includes the type and condition of roofing materials, gutters and downspouts,
exterior siding and trim, windows and window accessories, and exterior doors.

In a comparable sale, the seller paid closing costs for real estate transfer taxes. This fact would
be relevant to the appraisal: A. if not customary in the market for the seller to pay the transfer
taxes B. only if the transfer taxes exceeded $500 C. only if the sale was an arm's length

, transaction D. in all cases - The correct answer is A. Review section "D SALE CONITIONS" for
details. Conditions of sale that affect value also include special concessions by the seller, such as
agreeing to pay some or all of the buyer's loan costs or in this case pay for the transfer tax.

Special feature data in a residential analysis includes: A. any items that may affect value B. size
and type of car storage C. fireplaces, fences, pools, and spas D. all of the above - The correct
answer is D. Review section "8. SPECIAL FEATURE DATA" for details. SPECIAL FEATURE
DATA includes any items that may affect value. All of the answers are items that may affect
value.

Which of the following is NOT a regional value indicator? A. Economic base B. Transportation
systems C. Neighborhood systems D. Topography of land - The correct answer is C. Review
section "B. REGIONAL AND COMMUNITY VALUE INDICATORS" for details .Appraisers
maintain regional and community data on a wide range of subjects. Some of the more common
regional and community value indicators include:1. Natural Environmental Factors2. Economic
Characteristics3. Infrastructure

.Demand data includes: A. wage data B. employment levels C. population shifts D. all of the
above - The correct answer is D. Review section "A. IDENTIFYING THE NECESSARY
DATA" for details. DEMAND DATA includes items such as wage and employment levels and
population shifts, which drive demand in the local market

A geographical area with complementary land uses and similar influences affecting value is: A. a
neighborhood B. a city C. a township D. all of the above - The correct answer is A. Review
section "III. NEIGHBORHOOD DATA " for details. A A NEIGHBORHOOD can be defined as
a geographical area in which land uses are complementary and in which all properties are
influenced similarly by the forces affecting value.

Subject property data pertains specifically to: A. the subject property B. comparable properties
C. properties sold in the last six months D. all of the above - The correct answer is A. Review
section "C. SUBJECT PROPERTY DATA" for details. SUBJECT PROPERTY DATA is any
data that pertains specifically to the subject property. This includes physical characteristics such
as size and number of rooms, floor plan, architectural features, landscaping, special amenities
and also includes other specific data that affects the value of the property, such as terms of sale
or special financing arrangements.

Frontage, or front footage, is the length of a property's boundary where it adjoins: A. a street B. a
body of water C. neighbor's property or fence D. church property or school district - The correct
answer is A. Review section "A. SITE DESCRIPTION" for details. FRONTAGE (or front
footage) is the length of a property's boundary where it adjoins a street or body of water.

Site data is specific data: A. Regarding the subject property site B. Used for highest and best use
analysis C. Used in cost reproduction approach D. Both A and B - The correct answer is D.
Review section "IV. SITE DATA" for details. SITE DATA is specific data regarding the subject
property site. In an appraisal, the site is distinguished from its improvements (buildings, etc.) for
several reasons, such as:1. for highest and best use analysis;2. to provide data for certain

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