APPRAISAL TEST - MODULE 2 - Chapter 4B, 5, 6, 7
Questions And Answers 100% Guaranteed Pass! 2024
Which is an example of real estate put to its highest and best use?-a. a flat, paved parking lot in
downtown Cleveland
b. a house in a residential subdivision
c. an old house on a major highway su...
APPRAISAL TEST - MODULE 2 - Chapter 4B, 5, 6, 7
Questions And Answers 100% Guaranteed Pass! 2024
Which is an example of real estate put to its highest and best use?-a. a flat, paved parking lot in
downtown Cleveland
b. a house in a residential subdivision
c. an old house on a major highway surrounded by commercial buildings
d. a vacant lot
ANSWER: B
When considering highest and best use, which is MOST LIKELY to be included within the test of "legally
permissible"?-a. allowable to zoning
b. hazard insurance could be obtained
c. police protection is available
d. title is free of encumbrances
ANSWER: A
When considering highest and best use, which is LEAST LIKELY to be included within the test of
"physically possible"?-a. building materials
b. building set back lines
c. parking requirements
d. size of the building
***ANSWER: A
, A neighborhood is undergoing much rehabilitation and property improvement. The movement is not
part of any public movement or initiative but rather from a general trend toward people desiring to live
there. What phase of the neighborhood life cycle is MOST LIKELY being evidenced?-a. expansion
b. gentrification
c. growth
d. transition
ANSWER: B
Construction methods, including things such as electrical wiring for a structure or the use or particular
materials, must meet minimum standards set forth in-a. blueprints
b. building codes
c. permits
d. specifications
***ANSWER: B
A lot of 150' x 600'. The owner is asking $2,80 per square foot. What's the asking price?-a. 90,000
b. 252,000
c. 300,000
d. 420,000
ANSWER: B
The load-bearing skeleton of a structure to which the interior walls, exterior walls, and roof system are
attached is called-a. building envelope
b. drywall
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