SAMPLE MCQS for REAL ESTATE APPRAISER LICENSURE EXAMS

REAL ESTATE APPRAISER SAMPLE MCQS 1. According to the “dependency theory” of development, a. highly developed parts of the world got that way, and stay that way, by exploiting the underdeveloped parts. b. a region becomes highly developed when a large segment of its population is very young or old, and dependent on other segments. c. the underdeveloped parts of the world will only develop if they will follow the rules and advice of the highly developed parts. d. the periphery is economically dominant over the core. e. eventually every region of the globe will become highly developed. 2. If only biotic potential is operating (no checks on population growth), a standard graph of population growth will look like a. a. ? curve b. an S-curve c. a J-curve d. a straight line e. diagonal line with a slope of one 3. According to von Thunen’s model, which of the following products is most likely to be farmed farthest away from the market? a. strawberries b. dairy c. wheat d. cabbage e. flowers 4. Why does Central Place Theory (CPT) predict hexagonal market areas? a. Because CPT deals with consumer behavior. b. Hexagons prevent overlap or unaccounted space in market areas. c. People within hexagonal circular market areas live only within urban areas. d. Actually, CPT does not predict hexagonal market areas e. Because CPT only applies to rural areas where market areas are small. 5. Increased air pollution, inner city decay, homogenization of landscap es, and loss of productive farmland are all caused by a. postmodernism b. gentrification 1

c. suburbanization d. climate change e. ghettoization 6. A _______________ is a group of people with a common cultural identity, and a _______________ is a country with recognized borders. a. territory….state b. nation….territory c.state….territory d. nation…state e. territory….nation 7. A thematic map that shows quantities of some variable by shrinking or expanding the sizes of regions is called a. an image map b. a choropleth map c. a projected map d. an isoline map e. a cartogram 8. Slash-and-burn agriculture is a. not sustainable b. practiced in high, mountainous regions c. typical for tropical forests d. a relatively new invention e. always completely sustainable 9. What is most responsible for “hierarchical” diffusion, as opposed to “contagious” diffusion? a. Distance decay effects. b. Special network links between major nodes. c. Some people need multiple contacts before they adopt an innovation d. Proximity of the innovation to the major nodes of diffusion e. Relevance of particular innovations to only specific locations 10. Stories about how the earth came into existence are good examples of a. ideological subsystem of culture b. innovation subsystem of culture c. technological subsystem of culture d. sociological subsystem of culture e. subsystem of culture containing artifacts 2

11. In a high demand market, the cost of building a new property will increase substantially until a. The supply increases because new builders get into the market b.The charges from suppliers and subcontractors go down c. It becomes impossible for prices to go higher d.The BSP increases interest rates 12. Issues concerning a site’s physical possibilit ies, legal permissibility, financial feasibility, and maximally productive uses relate to a. agents of production b. factors that create value c. supply and demand d. highest and best use 13. No person shall be deprived of his/her property except by com petent authority and for public use and always upon payment of a. Amortization b. Obligation c. Just compensation d. Remuneration 14. Which of the following statements applies to a property with a nonconforming use? a. The existing nonconforming use is the highest and best use b. A nonconforming use is likely to arise from changes in zoning c. A nonconforming use property may be under -improved but cannot be over-improved d. In the sales comparison approach, an appraiser does not have to make e. a separate adjustment for the nonconforming use 15. It measures the length of time to recover, the original investments from the expected future cash flows a. b. c. d.

Recapture period Payback period Return of Investment Return on Investment

16. Families are more aware of recycling their consumer wastes than ever before. This is an example of which kind of force: 3

a. Social b. Governmental c. Economic d. Environmental 17. A city had some major obstacles in its economic expansion including c ivil rights issues, crime, and illegal immigration. Which of the four forces are these parts of? a. Social b. Governmental c. Economic d. Environmental

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