Pearson Vue Real Estate Practice Exam Questions And Verified Answers |100% Correct

When a married couple takes title to a property as tenants in common, they have elected a form of ownership that allows for? {Ans: Unequal shares of Ownership}To be certain that a property has no encroachments, an appraiser should check a? {Ans: Survey}The value of a property is affected by negative forces outside the property, which are beyond the control of the owner. This is referred to as? {Ans: Economic Obsolescence}Items permanently attached to real property are considered? {Ans: Fixtures}When using the cost approach to determine the value of a residential dwelling, an appraiser should? {Ans: Determine replacement value less depreciation}The presence of government-regulated wetlands on a building lot? {Ans: Is a material fact}The gross income multiplier (GIM) is best used to value? {Ans: Commercial Properties}A licensee preparing a Competitive Market Analysis (CMA) has information on a comparable property that is similar in all respect to the subject property except that, while the subject property is ten years old and has two baths, the comparable property is five years old and has one bath. In this case, the licensee should adjust the? {Ans: Sale price of the comparable property, down for the