100. Determining the present value of a property based upon its anticipated future income and expenses is called the: capitalization or income approach.             replacement cost method. market data method. comparison approach.

44) ¼ of a section is ½ mile by ½ mile and has how many acres? 320 160 240 120

37) All material facts affecting the value and desirability of a property must be disclosed on the: residential listing agreement.   disclosure of agency relationship.           transfer disclosure statement. none of the above.

Large adipocytes (fat cells) in the thighs and buttocks are more metabolically active and harmful than large adipocytes in the intra-abdominal or visceral area.

34) A mechanic’s lien is filed against the: property. owner. Iender. general contractor.

73) The broker must place a buyer’s money deposit in a trust account or escrow: by the next day. within five days. within three business days. none of the above.

59) Which of the following is true regarding joint tenancy? Joint tenants have the right of “survivorship” A joint tenancy cannot be willed both a & b None of the above

91) For about how much assessed value is the Homeowner’s Property Tax Exemption? $1,000                       $7,000     $2,000 $200  

16) Which of the following is NOT a recognized legal method of land description? Satellite Tracking              Metes and Bounds   Lots, Blocks, and Tracts Sections and Townships

94) Which of the following is NOT one of the forces that affect the value of a neighborhood? Past sales considerations                Economic considerations                       Physical considerations Social considerations