8. What is the standard deviation?

A. measure of the difference between the highest and lowest variates.

B. measures how far the average variate differs from the mean.

C. measure of differences between the individual variate and the entire population.

D. measure of how widely individual variates in a population vary.

13. An appraiser should be

A. objective.

B. consulted only in sales transactions.

C. compensated based on the determined value of the property.

D. a party to a transaction.

14. Real estate includes which of the following?

A. Anything appurtenant to the land.

B. Crops

C. Anything left on the land

D. Personal property

15. A counteroffer to an offer to purchase real estate means that

A. the original offer is considered rejected.

B. there is no offer on the table.

C. no commission needs to be paid to the real estate agent(s).

D. the original offer is provisionally accepted.

16. Which one of the following is not an element that affects real estate value?

A. Cost

B. Scarcity

C. Transferability

D. Demand