24 Questions
Gathering of what data is the appraiser's primary focus during a property inspection?
Physical characteristics
Which type of room is generally NOT included in the total room count?
Kitchens
When are photographs of the subject property and its views included in the appraisal report?
Included if the scope of work in the assignment determines they should be
Which document contains tax information, building size, sales history, and a legal description?
Auditor's/Assessor's property tax record
How is a neighborhood defined in real estate appraisal?
Is any constant, contiguous area that may be identified by similar characteristics or physical boundaries
Which of the following is an example of a natural boundary?
Waterway
What are the three traditional methods of describing land?
Address, parcel number, rectangular survey
Which method is NOT a traditional way of describing land?
Longitude, latitude, elevation
Which of the following is NOT a common tool used by appraisers to analyze the segmented market?
Consumer Price Index (CPI)
What is the median?
The midpoint
How is the median calculated?
By choosing the midpoint
In real estate, what does 'building description' typically include?
Exterior and room count
Which of the following is NOT used to describe a building in a 'building description'?
Interior
When arranging numbers from lowest to highest, what value represents the median?
The midpoint value
What is a common method used in real estate to describe the boundaries of a property?
Rectangular survey
Which system uses physical features and measurements to define property boundaries?
Metes and bounds
In which system are properties divided into smaller units called lots and blocks?
Lot and block (Subdivision plat)
Which of the following methods uses coordinates to locate points on Earth's surface?
Latitude & Longitude
What type of data is typically found on an Assessor Website?
Sales history and building size
What technology is commonly used to determine exact geographic positions on Earth?
Global Positioning System
Which system is commonly used to share real estate listing information among real estate professionals?
Multiple Listing Service (MLS)
What type of data might be associated with Geographic Information Systems (GIS)?
Geospatial data like property boundaries and environmental features
In real estate appraisal, what type of data might NOT be found on an Assessor Website?
View photographs of the property
Which platform is primarily used for sharing detailed property listings within the real estate industry?
Multiple Listing Service (MLS)
Test your knowledge on property appraisal topics such as the appraiser's primary focus during property inspection, types of rooms included in the room count, and privacy considerations when taking photographs of the subject property. This quiz is based on material covered in Chapter 2 of REAL 415 course taught by Gina Tamayo in Spring 2024.
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