5. The highest-quality form of deed is the: a. quitclaim deed. b. general warranty deed. c. judicial deed. d. deed of bargain and sale. 6. Who owns a section of a real estate property that is subject to an easement? a. The owner of the servient parcel b. The owner of the dominant parcel c. A trustee representing the shared interest of both parties d. Not clear, depends on the content of the easement 7. A comparable property sold 4 months ago for $287,000. If the appropriate adjustment for market conditions is -0.50% per month (without compounding), what would be the adjusted price of the comparable property assuming all else is the same between the two properties? a. $285,565.00 b. $281,260.00 c. $292,740.00 d. $269,780.00

6. Who owns a section of a real estate property that is subject to an easement? a. The owner of the servient parcel b. The owner of the dominant parcel c. A trustee representing the shared interest of both parties d. Not clear, depends on the content of the easement

7. A comparable property sold 4 months ago for $287,000. If the appropriate adjustment for market conditions is -0.50% per month (without compounding), what would be the adjusted price of the comparable property assuming all else is the same between the two properties? a. $285,565.00 b. $281,260.00 c. $292,740.00 d. $269,780.00

8. What must be true when we can observe a transaction price? a. Seller and buyer estimate the same investment value for the property. b. The buyer estimates an investment value that is as high as or higher than the investment value the seller had estimated. c. The seller estimates an investment value that is as high as or higher than the investment value the buyer had estimated. d. Seller and buyer estimate the same market value for the property.