1|Page
Texas SAE Real Estate Appraisal Exam 2026 Real /
TX SAE Real Estate Appraisal Test 2026(brand new!)
Which value-influencing DUST factor addresses the ease with which the
property can be conveyed to another? - ANSWER -Transferability
Which of the following formulas is used with the index method to find
the reproduction cost? - ANSWER -Present index ÷ Index at time of
construction x Original cost = Present cost
To arrive at the present cost, the appraiser applies a factor that
represents the costs of construction over time up to the appraisal date
(present index ÷ index at time of construction) multiplied by the subject
building's original cost.
When possible, comparable sales from ______ should be used. -
ANSWER -The same neighborhood
Ownership in a planned unit development consists of ______. -
ANSWER -A parcel of land, the structures on it, and shared common
areas
In what way is taxation an inherent burden on private landownership? -
ANSWER -Unpaid taxes become a lien against the property.
pg. 1
,2|Page
Bianca wants to buy a cooperative, but she's unsure that she can afford
it. With a cooperative, her share of mortgage interest and real estate
taxes will be ______. - ANSWER -Deductible on her personal income tax
returns
As the resident in a cooperative, her share of mortgage interest and real
estate taxes is deductible on personal income tax returns.
The Appraiser Independence Requirements protect which party or
parties? - ANSWER -The appraiser, the lender, and the consumer
Using the gross income multiplier (GIM) valuation method, a property's
sales price is divided by its gross income. If a property has a sales price
of $100,000 and gross income of $10,000, what is its GIM? - ANSWER -
10X (100,000/10,000)
Which professional is hired by the buyer and lender to give an opinion
of value of the property? - ANSWER -Appraiser
Which of the following best describes how an appraiser reconciles the
adjusted sales prices of the comparable properties to indicate the value
of the subject property? - ANSWER -The appraiser selects the adjusted
sales price of the property most like the subject to use as the indicated
value.
pg. 2
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What is the definition of an appraisal? - ANSWER -An estimate of value
for a specific purpose, party, and property as of a specific date
Which of the following properties requires the appraiser to include
information about the monthly fees charged by the property
management, the location of the subject property within a community,
and the areas considered private or public? - ANSWER -Condo Unit
If Mega Corporation owns real property, chances are it owns it in
______. - ANSWER -Severalty Ownership
Corporations own property owned in severalty, like individuals do.
James creates a trust to hold a piece of real estate he owns. He directs a
corporate fiduciary to hold title to the real estate and provides
instructions for the management, control, and disposition of the real
estate upon his death. Given that the trust only holds real estate, James
likely set up a(n) ______ trust. - ANSWER -Land Trust
A land trust is similar to other trusts except that it's formed specifically
to hold real estate.
The earth's surface, extending downward to the center of the earth and
upward to infinity, including permanently-attached natural objects, is
called ______. - ANSWER -This is a definition of land.
Which of these is a written description of a blueprint? - ANSWER -
Building specifications
pg. 3
, 4|Page
explain the blueprint and any features that may not be visible on that
building plan.
What method of land valuation converts the amount of yearly income a
site will produce into a value using a capitalization rate? - ANSWER -
Ground Rent Capitalization Method (GRM)
As part of completing an appraisal using the cost approach method,
what must appraisers do? - ANSWER -Complete the cost approach
section of the URAR form
Which of the following analyzes net operating income (NOI) for a single
year, and is used when the property's income isn't expected to vary
much over time?
The _method converts a single year's expected income (or an annual
average) into a market value. This is the expected return on investment
the property is capable of producing in a single year: the first year of
ownership. - ANSWER -Direct Capitalization
Real estate, plus all of the interests, benefits, and rights included in
ownership, is also known as ______. - ANSWER -Real Property
The US Census Bureau is a good source of what type of data needed by
appraisers? - ANSWER -General Data
pg. 4
Texas SAE Real Estate Appraisal Exam 2026 Real /
TX SAE Real Estate Appraisal Test 2026(brand new!)
Which value-influencing DUST factor addresses the ease with which the
property can be conveyed to another? - ANSWER -Transferability
Which of the following formulas is used with the index method to find
the reproduction cost? - ANSWER -Present index ÷ Index at time of
construction x Original cost = Present cost
To arrive at the present cost, the appraiser applies a factor that
represents the costs of construction over time up to the appraisal date
(present index ÷ index at time of construction) multiplied by the subject
building's original cost.
When possible, comparable sales from ______ should be used. -
ANSWER -The same neighborhood
Ownership in a planned unit development consists of ______. -
ANSWER -A parcel of land, the structures on it, and shared common
areas
In what way is taxation an inherent burden on private landownership? -
ANSWER -Unpaid taxes become a lien against the property.
pg. 1
,2|Page
Bianca wants to buy a cooperative, but she's unsure that she can afford
it. With a cooperative, her share of mortgage interest and real estate
taxes will be ______. - ANSWER -Deductible on her personal income tax
returns
As the resident in a cooperative, her share of mortgage interest and real
estate taxes is deductible on personal income tax returns.
The Appraiser Independence Requirements protect which party or
parties? - ANSWER -The appraiser, the lender, and the consumer
Using the gross income multiplier (GIM) valuation method, a property's
sales price is divided by its gross income. If a property has a sales price
of $100,000 and gross income of $10,000, what is its GIM? - ANSWER -
10X (100,000/10,000)
Which professional is hired by the buyer and lender to give an opinion
of value of the property? - ANSWER -Appraiser
Which of the following best describes how an appraiser reconciles the
adjusted sales prices of the comparable properties to indicate the value
of the subject property? - ANSWER -The appraiser selects the adjusted
sales price of the property most like the subject to use as the indicated
value.
pg. 2
,3|Page
What is the definition of an appraisal? - ANSWER -An estimate of value
for a specific purpose, party, and property as of a specific date
Which of the following properties requires the appraiser to include
information about the monthly fees charged by the property
management, the location of the subject property within a community,
and the areas considered private or public? - ANSWER -Condo Unit
If Mega Corporation owns real property, chances are it owns it in
______. - ANSWER -Severalty Ownership
Corporations own property owned in severalty, like individuals do.
James creates a trust to hold a piece of real estate he owns. He directs a
corporate fiduciary to hold title to the real estate and provides
instructions for the management, control, and disposition of the real
estate upon his death. Given that the trust only holds real estate, James
likely set up a(n) ______ trust. - ANSWER -Land Trust
A land trust is similar to other trusts except that it's formed specifically
to hold real estate.
The earth's surface, extending downward to the center of the earth and
upward to infinity, including permanently-attached natural objects, is
called ______. - ANSWER -This is a definition of land.
Which of these is a written description of a blueprint? - ANSWER -
Building specifications
pg. 3
, 4|Page
explain the blueprint and any features that may not be visible on that
building plan.
What method of land valuation converts the amount of yearly income a
site will produce into a value using a capitalization rate? - ANSWER -
Ground Rent Capitalization Method (GRM)
As part of completing an appraisal using the cost approach method,
what must appraisers do? - ANSWER -Complete the cost approach
section of the URAR form
Which of the following analyzes net operating income (NOI) for a single
year, and is used when the property's income isn't expected to vary
much over time?
The _method converts a single year's expected income (or an annual
average) into a market value. This is the expected return on investment
the property is capable of producing in a single year: the first year of
ownership. - ANSWER -Direct Capitalization
Real estate, plus all of the interests, benefits, and rights included in
ownership, is also known as ______. - ANSWER -Real Property
The US Census Bureau is a good source of what type of data needed by
appraisers? - ANSWER -General Data
pg. 4
