11.	The "ASA" designation offered by the American Society of Appraisers is associated with:
		A: expertise in all real estate fields
		B: Accredited Senior Appraiser
		C: Accredited membership
		D: none of the above

12.	Which of the following is considered an indirect cost?
		A: Labor costs
		B: Material and quipment costs
		C: Interest on construction financing
		D: Subcontractors' fees

13.	A comparable property sold six months ago for $250,000 in a market that is seeing a 6% per year increase in value from appreciation. If you are making a current appraisal on a property that is judged to be 10% inferior in quality to the comparable sale cited, what is the indicated value of the subject (rounded to the nearest $1,000)?
		A: $232,000
		B: $292,000
		C: $220,000
		D: $175,000

14.	One statistical technique looks for a "central tendency" among the sales. Which of the following would describe the most commonly found sales price in a neighborhood study?
		A: Mean sales price
		B: Median sales price
		C: Mode or modal sales price
		D: The standard deviation

15.	The criteria for estimating the highest and best use of land include all the following except:
		A: most or maximally productive
		B: physically possible and legally permissible
		C: economically feasible
		D: the typical use

16.	In adjusting a comparable sale, the appraiser should always:
		A: adjust the sale to the subject
		B: adjust the subject to the sale
		C: add or subtract dollar amounts
		D: consider all of the above rules

17.	Whether an Appraisal Report or a Restricted Appraisal Report is used should depend upon all of the following except:
		A: the intended use and intended user(s) of the appraisal
		B: which value approaches were used
		C: a mutual understanding of the differences between the reporting options
		D: the detail of disclosure needed

18.	A 10-unit property has a gross income of $8,000 per month. What is the probable value if the appropriate annual GIM is 8.0, based on analysis of comparable sales?
		A: $768,000
		B: $1,050,000
		C: $640,000
		D: $64,000

19.	Of the four methods of estimating cost, which is the most often used by appraisers?
		A: Index method
		B: Unit-in-place method
		C: Comparative square-foot method
		D: Quantity survey method

20.	Which of the following can be considered political forces that affect value?
		A: Federal loan regulations
		B: Local zoning laws
		C: Public education
		D: All of the above

21.	To adjust the sales price of a comparable sale with a 10% inferior location, you should:
		A: add 10% to the price
		B: subtract 10% from the price
		C: multiply the price by 10%
		D: none of the above

22.	The four components of real property include:
		A: land, buildings, furnishings and fixtures
		B: land, improvements, personal property and appurtenant rights
		C: land, permanently affixed objects, appurtenant rights and that which is immovable by law
		D: none of the above

23.	Appraisers performing appraisals for federally related transactions may be required to go beyond the scope of USPAP by
		A: conforming to even stricter standards
		B: showing appropriate deductions for proposed construction, partially leased buildings, and tracts with unsold units
		C: be based on the definition of market value set forth in the regulation of the agency
		D: all of the above

24.	The boundary of a neighborhood is influenced by:
		A: economic factors
		B: physical features
		C: legal boundaries
		D: all of the above

25.	Construction classification refers to the:
		A: type of use or occupancy
		B: type of basic frame, wall, floor and roof construction
		C: the quaility of construction
		D: number of stories in a building