Chapter 11 Quiz Sample

Chapter 11 Quiz Sample - Principles of California Real...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Principles of California Real Estate Chapter 11 Quiz 1. The calculation of effective gross income reflects: A. depreciation B. vacancies and collection losses C. repairs and operating costs D. taxes 2. Which of the following causes the greatest loss of property value? A. Wear and tear B. Obsolescence C. Lack of proper maintenance D. Physical deterioration 3. The principle of substitution may be applied to which of the following appraisal methods? A. Cost approach B. Sales comparison approach C. Income approach D. All of the above 4. What appraisal method should be used to determine the value of a restaurant building? A. Sales comparison B. Market data C. Cost D. Income 5. To measure accrued depreciation most accurately, an appraiser should use: A. direct methods B. indirect methods C. the straight-line method D. the engineering method 6. With real estate appraisals, it is important to differentiate between the purpose of an appraisal and: A. the appraisal process overall B. appraisal principles
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

Chapter 11 Quiz Sample - Principles of California Real...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online