Real Estate Appraisal and Property

Management by Michelle M. Esperal

Prelim Quiz 1
Completed on Saturday, 30 September 2023, 9:07 PM

Marks 10.00/10.00

Grade 100.00 out of 100.00

Question 1
Question text
Lenders rely on appraisal because the property serves as a collateral for a mortgage loan.
Select one:

True

False

Question 2
Question text
Real estate buyers might view the appraisal as a check on their own willingness to pay.
Select one:

True

False

Question 3
Question text
When the supply of the agents of production declines, the property values again tend to
rise.
Select one:

True

False

Question 4
Question text
Real property is physical commodity only, the supply of real estate refers to the amount of
service or the usability of the space and the quantity of physical space.
Select one:

True

False

Question 5
Question text
The demand in real estate is the amount of a certain type of real estate desired for purchase
or rent at various prices in a given market for a given period of time.
Select one:

True

False

Question 6
Question text
It is a measure of the value of property based upon the price that a professional appraiser
believes the property could be sold for under normal market conditions.
Select one:

a.

Real estate evaluation

b.

Real estate management

c.

Real estate marketing

d.

Real estate appraisal

Question 7
Question text
Which of the following are the policy issues of appraisers?
I. Rural Areas
II. Appraiser Management
III. Appraiser standards
Select one:

a.

I and II
b.

all of the above

c.

I and III
d.

II and III
Question 8
Question text
The first thing an entrepreneur generally considers in developing a property is the cost of
acquiring the _____?

Select one:

a.

Capital
b.

Entrepreneural Coordination

c.

Land
d.

Labor
Question 9
Question text
It comprises all direct and indirect costs required to construct and market the product as
land alone or with the improvements.
Select one:

a.

Land
b.

Capital
c.

Labor
d.

Entrepreneural Coordination
Question 10
Question text
Real estate development requires investments such as equipment, buildings and
infrastructure etc.
Select one:

a.

Labor
b.

Land
c.

Entrepreneural Coordination
d.

Capital