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Due to the fixed nature of real estate, the major contributing factor to variations in value is:
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The term site refers to the:
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Which of the following would an appraiser include as part of a site’s cost?
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The form of legal description that employs a recorded plat is a:
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The uses of the site might privately be controlled by employing
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A non-owners rights to ingress and egress over a property which impacts the site’s value is referred to as:
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What occurs when the improvements to a site extend over the site’s property line onto the adjacent property?
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An agreement found in a deed that creates the use of a common wall is referred to as:
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The value of a site which abuts a flowing body of water may be affected by:
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The type of zoning that is used to restrict community growth is called
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A type of zoning that permits the development of residence in clusters with land dedicated to open space is:
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The length of a boundary that abuts a thoroughfare is called the:
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Excess front footage on a residential lot will:
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The premium paid for depth in excess of the standard lot:
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The increase in unit value resulting from improved utility when two or more plots are combined is called:
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The effective area of a lot is:
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How should the appraiser make a decision about the corner influence of a lot?
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The nature of the conditions of the subsoil can influence:
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Which of the following statements are true concerning the drainage of the site and improvements?
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The cost of installing which of the following utility items should be included in the site value?
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Which of the following items would be considered site improvements?
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The value of a site might be reduced by the presence of:
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Which economic principle says that the improvements to a site should reasonably fit in with those of surroundings lots?
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Which economic principle when orienting improvements to a lot in relation of the abutting lots?
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Access to a lot from a back alley would impact the value of the lot:
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Which of the following economic factors would impact the value of a lot?
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How many sections are in a township?
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The metes and bounds type of legal description is based upon:
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Which of the following public regulations specify the materials to be used in the construction of improvements to a lot?
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What must the appraiser consider first when analyzing the impact of taxation on a lot?
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A mill represents what part of a dollar of assessment?
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If a property had an assessment ratio of 50%, a market value of $80,000 and tax rate of $7/$100 of assessed value, what are the annual taxes?
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The effective tax rate may be found by which of the following means?
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Under the 4-3-2-1 rule for depth the first 25% of the lot contributes what percentage of the value?
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If a comparable property is sold subject to a special assessment and the subject property does not have the same assessment on it, the appraiser should:
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Which form of legal description is based upon the use of a township’s land containing approximately 24 miles by 24 miles?
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Zoning is based on what power of government?
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What large city is famous for not having any zoning regulations?
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Taxes raised from real estate are called:
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Which of the following are common purposes of separate site valuations?
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When organizing the site data for a potential apartment site, which of the following categories is not used for data collections?
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The most direct way to obtain verified data is to interview the:
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In analyzing the conditions surrounding financing on a site, the appraiser should review all of the following items except:
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Which of the following items is not considered in analyzing the physical characteristics of a lot?
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A site has an area at the rear which does not server the existing improvements. This area is analyzing as:
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To qualify as a good comparable sale, the comparable sale must be:
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If a comparable sale has an item that is superior to the subject the adjustment is:
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Which of the following is not an element of comparison?
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Which item is adjusted for first when making a series of adjustments in sequence?
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Which statement is true concerning adjustments:
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If adjustments are made in dollars, they may be based upon:
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If lot prices increased by 10% over the last year and a similar comparable site was valued at $35,000 last year, what is the value of the subject site this year?
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In order to find site value, the appraiser may allocate the value to the site based upon the principles of:
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In the allocation process, once the appraiser determines what portion of a sales price is allocated to the house, the residual will be allocated to:
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Which of the following are acceptable alternate means of valuing a site?
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Which means of site valuation involves leased land and capitalizing rents?
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Which of the following statements is true about valuation of a site?
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In valuing a subdivision, which of the following items is not included in the analysis?
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To estimate the value of a finished lot, the appraiser may use:
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Entrepreneurial profit is:
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In analyzing a subdivision, which of the following will be site development and absorption costs?
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What will determine the crucial value factors essential for a site valuation?
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Which of the following statements is true in valuing a subdivision?
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Which means for site valuation assumes the site to be at its highest and best use?
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Net proceeds of sale is equal to:
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Which of the following is NOT considered a carrying cost for a subdivision?:
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Which of the following are good sources of background material about the real estate market?
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Which of the following are basic procedures for estimating the market value of individual residential sites?
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Which of the following are true about market conditions?
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When a comparable is in the same neighborhood as the subject, which of the following are true?
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Residential Site Valuation & Cost Approach
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