Preview Questions Real Estate Appraiser | Role Specific Skill

Question 1: What impact do zoning changes have on market trends?

Which action should you take?

Choose only one option

Only affects commercial properties

Long-term changes in supply and demand dynamics

No significant impact

Immediate effect on property prices

Question 2: Which of the following best describes direct capitalization in property appraisal?

Which action should you take?

Choose only one option

Using multiple years of projected income

Adjusting for market depreciation

Accounting for building permits

Valuing a property based on a single year's income

Question 3: What is the impact of zoning laws on the appraisal process, and how should they be incorporated into legal documentation?

Which action should you take?

Choose only one option

Zoning laws are irrelevant as long as the property is legally habitable

Zoning laws only apply to properties that have a change in use

Zoning laws are only considered in commercial appraisals

Zoning laws directly impact the value and use of the property, and must be documented

Question 4: What is the primary concern when conducting a roof inspection during a property appraisal?

Which action should you take?

Choose only one option

Roof color

Roof age and condition

Roof insulation quality

Roof shape and slope

Question 5: What is the main concern when inspecting chimneys during property evaluation?

Which action should you take?

Choose only one option

Type of bricks used

Cracks, creosote buildup, and proper draft

Visual alignment

Height of the chimney

Question 6: What is the primary concern when appraising a property with a current lawsuit attached to it?

Which action should you take?

Choose only one option

The lawsuit has no bearing on the appraisal of the property

The lawsuit will have no effect on the appraisal unless settled

The lawsuit will definitely increase the value of the property

The lawsuit can reduce the value of the property if it affects title or ownership