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.   sole plate.
B.   mud sill.
C.   cripple.
D.   footing.
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.   plottage.
C.   contribution.
D.   monopolizing.
Question #3
Which of the following is NOT one of the basic appraisal principles?
A.   Accession
B.   Progression
C.   Change
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.   key lot.
B.   corner lot.
C.   interior lot.
D.   T-intersection lot.
Question #5
All of the following real estate terms are closely related, except:
A.   interior.
B.   cul-de-sac.
C.   T-intersection.
D.   frontage.
Question #6
A lot facing a turnaround portion of a dead-end street is called a(n):
A.   interior lot.
B.   cul-de-sac lot.
C.   flag lot.
D.   corner lot.
Question #7
Sloping members of a roof used to support the roof boards and shingles are:
A.   eaves.
B.   studs.
C.   rafters.
D.   headers.
Question #8
A table that illustrates how the highest value is located in the front part of a lot is called a:
A.   declining value table.
B.   percentage table.
C.   depth table.
D.   value table.
Question #9
Which of the following is a consideration in determining the “highest and best use” of a property?
A.   Is the use financially feasilble
B.   Is the use physically possible
C.   all answers are correct
D.   Is the use legally permissible and Is the use financially feasilble
Question #10
“Front footage” is the:
A.   property width in the front along the street.
B.   depth of the property in the front.
C.   front 40% of the property.
D.   distance from the building to the street.
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.   progression.
C.   regression.
D.   nonconformity.
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.   R- Value
C.   Board foot
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.   conformity.
C.   progression
D.   contribution.
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.   gable roof.
D.   flat roof.
Question #15
How do owner-occupied homes affect a neighborhood?
A.   Lend economic stability
B.   Artificially inflate prices
C.   Increase the possibility of turnover
D.   Bring down values
Question #16
Which of the following is NOT one of the four essential elements of value?
A.   Cost
B.   Demand
C.   Scarcity
D.   Utility
Question #17
An increase in value of real estate due to NO effort on the part of the owner is a(n):
A.   over improvement.
B.   rehabilitation.
C.   unearned increment.
D.   skillful manipulation.
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.   for a specific property and as of a certain date
B.   based on judgment and professional experience
C.   an opinion of value
D.   all answers are true
Question #20
Boards nailed across rafters, as a foundation for the roof covering, are called:
A.   open sheathing.
B.   girders.
C.   ridge boards.
D.   flashing.

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