Real Estate 101 - Real Estate Principles » Fall 2021 » Chapter 11 Quiz

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Question #1
The expanded portion of the concrete foundation is the:
A.   mud sill.
B.   cripple.
C.   footing.
D.   sole plate.
Question #2
A woman purchases an adjacent lot to the one she already owns, combining the two lots. This is known as:
A.   subdividing.
B.   contribution.
C.   monopolizing.
D.   plottage.
Question #3
Which of the following is NOT one of the basic appraisal principles?
A.   Accession
B.   Change
C.   Progression
D.   Regression
Question #4
The least desirable lot, bordered on the side by the backs of lots that front on another street is a(n):
A.   interior lot.
B.   key lot.
C.   T-intersection lot.
D.   corner lot.
Question #5
All of the following real estate terms are closely related, except:
A.   interior.
B.   frontage.
C.   cul-de-sac.
D.   T-intersection.
Question #6
A lot facing a turnaround portion of a dead-end street is called a(n):
A.   interior lot.
B.   flag lot.
C.   corner lot.
D.   cul-de-sac lot.
Question #7
Sloping members of a roof used to support the roof boards and shingles are:
A.   headers.
B.   eaves.
C.   studs.
D.   rafters.
Question #8
A table that illustrates how the highest value is located in the front part of a lot is called a:
A.   percentage table.
B.   depth table.
C.   value table.
D.   declining value table.
Question #9
Which of the following is a consideration in determining the “highest and best use” of a property?
A.   all answers are correct
B.   Is the use physically possible
C.   Is the use legally permissible and Is the use financially feasilble
D.   Is the use financially feasilble
Question #10
“Front footage” is the:
A.   distance from the building to the street.
B.   property width in the front along the street.
C.   front 40% of the property.
D.   depth of the property in the front.
Question #11
The principle that states that the value of the best property in a neighborhood will be adversely affected downward by the value of many lesser properties is known as:
A.   accession.
B.   nonconformity.
C.   regression.
D.   progression.
Question #12
What do we call the wood lining on the lower portion of an interior wall with the upper portion wallpapered or covered with another material different from the lower portion?
A.   Turnkey
B.   Board foot
C.   R- Value
D.   Wainscoting
Question #13
A buyer will not pay more for a particular property if he/she can buy an equally desirable one for less, according to the principle of:
A.   substitution.
B.   contribution.
C.   conformity.
D.   progression
Question #14
If from the ridge board, the highest point of the roof, a roof slopes downward in four directions, it is referred to as a:
A.   hip roof.
B.   shingle roof.
C.   flat roof.
D.   gable roof.
Question #15
How do owner-occupied homes affect a neighborhood?
A.   Lend economic stability
B.   Bring down values
C.   Artificially inflate prices
D.   Increase the possibility of turnover
Question #16
Which of the following is NOT one of the four essential elements of value?
A.   Scarcity
B.   Utility
C.   Demand
D.   Cost
Question #17
An increase in value of real estate due to NO effort on the part of the owner is a(n):
A.   skillful manipulation.
B.   over improvement.
C.   rehabilitation.
D.   unearned increment.
Question #18
What do we call a series of changes brought about by a chain of events (causes and effects)?
A.   An equilibrium
B.   A trend
C.   A development
D.   None of the above
Question #19
Which of the following is TRUE concerning appraisals? They are:
A.   an opinion of value
B.   for a specific property and as of a certain date
C.   all answers are true
D.   based on judgment and professional experience
Question #20
Boards nailed across rafters, as a foundation for the roof covering, are called:
A.   flashing.
B.   girders.
C.   ridge boards.
D.   open sheathing.

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