問題一覧
1
What is the length of the statue of limitations to file a fair housing complaint with HUD?
One year
2
which of these statements accurately describes finance and housing related legislation
The housing act of 1968 prohibited discrimination in the sale, rental, and financing of housing based on race, color, religion or national origin
3
If properties held by two or more owners as tenants in common, the interest of a deceased co-owner Will pass to____.
the heirs of the deceased
4
In the fourth step of the market extraction method, an appraiser divides the overall depreciation rate by the_____ to determine an annual depreciation rate
Age of the comparable properties improvements
5
With the cost approach to value what is the replacement cost
Cost to build a functionally equivalent improvement
6
What type of water heater provides hot water “on demand”?
Tankless
7
What is a buffer zone?
Strips of land that are used to separate property dedicated to one use from property of another use
8
What's the purpose of the fixed/adjustable rate note?
To convert the interest rate from fixed to adjustable
9
What entity sets the standard for appraisal reports
USPAP
10
What does the lot in block system used to develop a property legal description
Plat references
11
What type of financing is used when converting short term construction loans to traditional (30 year) financing?
Take out loan
12
Which type of framing is most commonly used in housing
Platform
13
Under which of the following real estate submarket would an investment in public storage facilities Fall
Special use
14
Why wouldn't appraiser use gross income multiplier, direct capitalization, or yield capitalization rather than gross rent multiplier to determine the value of an income property?
The property has income from other sources in addition to rent
15
In the second step of the appraisal process the appraiser identifies the data needed what's another term used to describe the step
Determine scope of work
16
What is the overarching theme address by statutory duties in most states?
Licenses may not take any actions that might be detrimental to the clients legal interest
17
a CMA or a BPO is an example of_____
An informal estimate of market value
18
Which term is defined as a development method used to prevent the checkerboard filling in of an industrial park or other development
Staged development
19
Why are some business owners attracted to a strip store buildings?
Their stores are easily accessible to local community members
20
What is one advantage neighborhood shopping centers stores?
One central, off street parking lot
21
Which federal entity sets the recommendations for R-value of insulation
Department of energy
22
Which of the following scenarios accurately represents the similarities between an open listing and exclusive agency listing?
In both types of listings, the seller who finds the buyer won't owe a commission
23
Which type of easement is acquired through years of use with one person acquiring the permanent right to use another property by doing so for an extended period of time?
Prescriptive easement
24
In states that don't make distinction between licensing rules, which one of these would not be considered an out-of-state principal broker under Kentucky law?
Cooperating broker
25
Mayra which of these properties would be appropriate to apply GRM?
Condominium complex with six units