NBRC THERAPIST EXAM NEWEST 2024 ACTUAL EXAM 2 LATEST VERSIONS (VERSION A AND B) COMPLETE 240 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+.pdf

TEXAS SENIOR PROPERTY TAX CONSULTANT
m m m m




EXAM
m




1. Economic Forces: m m




A consumer's ability to purchase and use real estate. Exam-
m m m m m m m m m




m ples are; Income Levels, Employment, Housing Construction Costs, Credit Availabil-
m m m m m m m m m




m ity, Interest Rates and Utility Costs
m m m m m




2. Social Forces: m




Relate to trends in society or culture. Sometimes imagined, some-
m m m m m m m m m m




m times based on actual facts or figures. Include: Population Trends, Family Com-
m m m m m m m m m m m




m position, Aging of Americas Population, Evolution of Home Offices, Environmental
m m m m m m m m m




m Consciousness, Leisure Time, and The family and functional utility.
m m m m m m m m




3. Governmental Forces: m




Maybe on national, state or local level and include: Taxes, Federal monetary policy,
m m m m m m m m m m m m m




Real Estate taxes and assessments, Labor issues, Quality of Schools, Quality of Se
m m m m m m m m m m m m




rvices.


4. Environmental / Physical Forces: m m m m




Easy to identify, the desirability of these factors depend upon the property use type
m m m m m m m m m m m m m

1m/m90

,. They include: Location, Transportation, Topography, and Climate/weather.
m m m m m m m




5. General Warranty: m m




A title transfer that offers a guarantee of the title from the seller to the buyer.
m m m m m m m m m m m m m m m




6. Leasehold Estate: m m




A tenant or lessee may most likely possess this type of interest.
m m m m m m m m m m m




7. Manner of Attachment: m m m




Used in determining when personal property becomes a fixture.
m m m m m m m m




8. Real Property: m m




An intangible interest in real estate.
m m m m m




9. Real Estate: m m




The tangible bricks and mortar and land.
m m m m m m




10. Police Power: m m




Building Codes and zoning represent this power of government.
m m m m m m m m




2m/m90

,11. Private Restrictions:
m m




A lease and mortgage
m m m




12. Encroachment: m




A toolshed that is partly on a neighbor's lot
m m m m m m m m




13. Severalty: m




The most common form of ownership. Means one (Individual) -
m m m m m m m m m




m One person or corporation owns entire bundle of rights
m m m m m m m m




14. A type of special ownership:
m m m m m




Condominium


15. A leased fee estate is an interest controlled by the:
m m m m m m m m m m




Landlord


16. A leasehold estate is created by a?:
m m m m m m m




Lease


17. The most common value estimate provided in an appraisal of a single-fam-
m m m m m m m m m m m

3m/m90

, m ily home.:
m m




Market Value m




18. Which type of appraisal would likely be sought in the appraisal of an
m m m m m m m m m m m m




m established business operation?: m m m




Going Concern Value m m




19. Which valuation would be based on a limited marketing period?:
m m m m m m m m m m




Liquidation Value m




20. Which value provides the basis of the real estate tax liability for a proper-
m m m m m m m m m m m m m




m ty?: m




Assessed Value m




21. What is the value to a specific occupant?:
m m m m m m m m




Value in use m m




22. The value to a particular investor:
m m m m m m




Investment Value m




4m/m90