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86. As used in appraisal, all cost estimates relate to: A: book costs B: wholesale costs C: cost of materials only D: typical costs on

86. As used in appraisal, all cost estimates relate to:
A: "book" costs
B: wholesale costs
C: cost of materials only
D: typical costs on the date of value
87. Which of the following is not true?
A: Real estate consists of the land and everything fastened to it
B: Land includes the surface, the subsurface and the space above
C: Fixtures are always personal property even when attached to real estate
D: Property consists of value rights held to the exclusion of others
88. Income levels, growth rate, value trends, supply and demand, and employment opportunities describe some of the:
A: economic factors affecting neighborhood quality
B: social factors of a community
C: the patterns of neighborhood growth
D: none of the above
89. The best test of functional utility in a structure is its:
A: usefulness/attractiveness to buyer (users)
B: appeal to the owners (sellers)
C: pure style
D: floor plan
90. The appraiser's opinion of the highest and best use in written appraisal is required:
A: in all market value appraisals
B: at the request of the intended users
C: As an added assisgnment
D: none of the above

91. The Uniform Standards of Professional Appraisal Practice (USPAP):
A: has been adopted by most lending appraisal groups
B: must be compiled with in most federally-related appraisals
C: must be adhered to by all state licensed/certified appraisers
D: all of the above
92. Which type of value loss is attributed to causes lying within the property?
A: Functional obsolescence
B: External obsolescence
C: Economic obsolescence
D: None of the above
93. Which of the following is true?
A: The bundle of rights is indivisible
B: Zoning is one example of a government restriction
C: Deed restrictions are examples of government controls placed on real estate
D: Property ownership rights are absolute
94. When appraising a condominium unit, the appraiser most commonly emphasizes the:
A: sales comparision approach
B: income approach
C: capitalization method
D: gross income multiplier method
95. The fiscal policy of government is concerned primarily with:
A: interest rates
B: the Gross Domestic Product
C: government spending and taxation
D: urban development

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