REAL 415 Chapter 2 Quiz on Property Inspection and Room Counting
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Questions and Answers

Gathering of what data is the appraiser's primary focus during a property inspection?

  • Photographs
  • Legal characteristics
  • Property sketch
  • Physical characteristics (correct)
  • Which type of room is generally NOT included in the total room count?

  • Kitchens (correct)
  • Bedrooms
  • Bathrooms
  • Living rooms
  • When are photographs of the subject property and its views included in the appraisal report?

  • Never necessary
  • Included if the scope of work in the assignment determines they should be (correct)
  • Considered an invasion of the property owner's privacy
  • Required by USPAP to be included in the workfile
  • Which document contains tax information, building size, sales history, and a legal description?

    <p>Auditor's/Assessor's property tax record</p> Signup and view all the answers

    How is a neighborhood defined in real estate appraisal?

    <p>Is any constant, contiguous area that may be identified by similar characteristics or physical boundaries</p> Signup and view all the answers

    Which of the following is an example of a natural boundary?

    <p>Waterway</p> Signup and view all the answers

    What are the three traditional methods of describing land?

    <p>Address, parcel number, rectangular survey</p> Signup and view all the answers

    Which method is NOT a traditional way of describing land?

    <p>Longitude, latitude, elevation</p> Signup and view all the answers

    Which of the following is NOT a common tool used by appraisers to analyze the segmented market?

    <p>Consumer Price Index (CPI)</p> Signup and view all the answers

    What is the median?

    <p>The midpoint</p> Signup and view all the answers

    How is the median calculated?

    <p>By choosing the midpoint</p> Signup and view all the answers

    In real estate, what does 'building description' typically include?

    <p>Exterior and room count</p> Signup and view all the answers

    Which of the following is NOT used to describe a building in a 'building description'?

    <p>Interior</p> Signup and view all the answers

    When arranging numbers from lowest to highest, what value represents the median?

    <p>The midpoint value</p> Signup and view all the answers

    What is a common method used in real estate to describe the boundaries of a property?

    <p>Rectangular survey</p> Signup and view all the answers

    Which system uses physical features and measurements to define property boundaries?

    <p>Metes and bounds</p> Signup and view all the answers

    In which system are properties divided into smaller units called lots and blocks?

    <p>Lot and block (Subdivision plat)</p> Signup and view all the answers

    Which of the following methods uses coordinates to locate points on Earth's surface?

    <p>Latitude &amp; Longitude</p> Signup and view all the answers

    What type of data is typically found on an Assessor Website?

    <p>Sales history and building size</p> Signup and view all the answers

    What technology is commonly used to determine exact geographic positions on Earth?

    <p>Global Positioning System</p> Signup and view all the answers

    Which system is commonly used to share real estate listing information among real estate professionals?

    <p>Multiple Listing Service (MLS)</p> Signup and view all the answers

    What type of data might be associated with Geographic Information Systems (GIS)?

    <p>Geospatial data like property boundaries and environmental features</p> Signup and view all the answers

    In real estate appraisal, what type of data might NOT be found on an Assessor Website?

    <p>View photographs of the property</p> Signup and view all the answers

    Which platform is primarily used for sharing detailed property listings within the real estate industry?

    <p>Multiple Listing Service (MLS)</p> Signup and view all the answers

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