Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link In appraising most residential properties, a real estate appraiser relies primarily on the: A. reproduction cost approach B. replacement cost approach C. income approach D. market data approach Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which of the following would be a basic principle of value? A. Price B. Reconciliation C. Substitution D. Obsolescence Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The purpose of submitting construction plans to a municipality before obtaining a building permit is to: A. notify the municipality for a tax valuation B. provide evidence of compliance with local codes and regulations C. identify the responsible parties D. determine which Municipal Utility Districts (MUD) have jurisdiction Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link HUD initially attempts to bring parties together when a complaint is filed directly with the agency. This is called: A. the conciliation period B. injunctive relief C. monetary relief D. the cooling off period Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The listing broker representing a seller completes a CMA and suggests a listing price of $425,000. The seller agrees to list the property and have the broker market it for $425,000. There are multiple offers on the home, and the seller accepts an offer for $474,000. The sale closes. What is the market value of the home? A. $474,000 B. $495,000 C. $475,000 D. $425,000 Submit Answer