1.Governments establish zoning ordinances and building codes through their A. right of taxation. B. police power. C. right of eminent domain. D. All of these 2. If the assessed value on a property is $158,780 and the tax rate is $3.10 per one hundred of assessed, how much are the taxes? A. $310 B. $4,922.18. C. $492,218.00 D. $1,587.80. 3. When someone dies and the estate has to be sold because of tax liens, that is called "escheat". A. true B. false 4. Market Value is defined as: A. asking price. B. offering price. C. the most probable price paid for a property exposed to the market for a sufficient time to produce a buyer ready, willing and able to purchase the property given that all parties are knowledgeable about the property and the transaction is an arms length transaction. D. list price. 5. Unless specifically excluded, every transfer of land includes A. fixtures. B. All of these C. mineral rights. D. air rights. 6. The principle of substitution relates to all three of the approaches to value. A. false. B. true. 7. How many acres in, NE of the SW1/4 of section 21: A. 40 B. 80 C. 20 D. 640 8. General data is divided into the following four forces that affect the value of property: A. government, environmental, social and political. B. political, economic, neighborhood influence and social. C. social, environmental, political and neighborhood influence. D. social, economic, governmental and physical. 9. Which of these actions is not characteristic of a market value transaction? A. Well informed buyers. B. Typically motivated sellers. C. Sale as soon as possible. D. Typical financing. 10.An appraiser is valuing a property on which two execution style murders are known to have occurred. The appraiser should A. withdraw from the assignment B. consider its influence on the value C. ensure the buyer is aware of this fact through disclosure. D. disregard the information due to fair housing regulations. 11. A township consists of A. 16 sections of 320 acres each. B. 64 sections C. 36 sections of one square mile each. D. one square mile or 640 acres. 12. The legal right to pass over land owned by a neighbor is an A. easement. B. exemption. C. encroachment. D. estate in land. 13. In the U.S. government survey system, a one-square-mile area, or 640 acres, is referred to as a A. section. B. block. C. tract. D. township. 14. Real property may revert to the state after the property owner's death by the state's A. power of taxation. B. right of escheat. C. police power. D. right of eminent domain. 15. The most common type of value estimated by appraisers is: A. purchase value. B. foreclosure value. C. insurable value. D. market value. 16. An appraisal assignment condition established by applicable law or regulation, which precludes an appraiser from complying with a part of USPAP, is known as: A. limiting condition. B. extraordinary assumption. C. jurisdictional exception. D. hypothetical condition. 17. The three approaches to value are A. Cost, income, sales price. B. Sales price, capitalization, sales comparison. C. Cost, income, sales comparison. D. Sales price, income, cost. 18. Once an appraiser accepts an appraisal assignment the appraiser must A. advocate for the interests of the client engaging them. B. identify who is paying them for the assignment C. properly identify the problem to be solved in the assignment D. consider their own personal preferences and tastes when developing their opinion. 19. What a property actually sells for is its A. market value. B. loan value. C. sales price. D. replacement value. 20. Range and township lines are referenced in the: A. lot and block system. B. U.S. government plat system. C. metes and bounds system. D. rectangular survey system