Appraisal Subject Matter Electives EXAM 2025/2026 ACTUAL
COMPLETE REAL EXAM QUESTIONS AND ACCURATE
ANSWERS (VERIFIED ANSWERS) |ALREADY PASSED
/ 2025 BRAND NEW!!
Which of these hazards would NOT typically be found in
building products in a home?
1) radon
2) asbestos
3) lead
4) formaldehyde - ANSWER-radon
___________________ is the additional or incremental risk of
investing in, financing, buying and/or owning property
attributable to its environmental condition.
1) Diminution in value
2) Environmental contamination
3) Environmental risk
4) Bonus value - ANSWER-Environmental risk
The tool on the EPA website that details areas where
there has been
contamination is
called
,1)
Enviromapper
2)
Hazardmap
3) EPA
GIS
4) EPALocator - ANSWER-
Enviromapper
What is the generic term for homes that are pre-cut and
assembled on site?
1) geodesic dome
2) post and beam home
3) Pre-engineered home
4) kit home - ANSWER-kit home
FHA says that no part of the finished grade level under a
manufactured home
may be below the ______ year
flood level.
1) 50
2) 100
3) 200
4) 500 - ANSWER-100
,Some manufactured home parks have been purchased
collectively by the
homeowners
as
1) apartment
complexes
2)
cooperatives
3) limited liability
corporations
4) communes - ANSWER-
cooperatives
Which of these cost services only provides information for
manufactured
homes?
1) Residential
Xpress
2) Residential Cost
Handbook
3) The N.A.D.A
Guide
4) Residential Estimator 7 - ANSWER-The
N.A.D.A Guide
, The ____________ section of the 1004C form is identical to
that in the URAR except for the part which asks for the
"Retailer's Name (New Construction)." 1) Subject
2) Improvements
3) The Contract section of the 1004C form is identical to that in
the URAR except for the part which asks for the "Retailer's
Name (New Construction)
4) Contract - ANSWER-Contract
Fannie Mae and Freddie Mac say that the appraiser must rate
the quality level of the manufactured home based on
1) personal observations and consultations with other
professionals
2) current available inventory at manufactured home retailers
3) a cost service
4) observed condition breakdown - ANSWER-a cost service
If a property is subject to rent controls, you probably will be
unable to employ
1) A cost approach
2) A Gross Rent Multiplier approach
3) An Income Capitalization approach
4) A Sales Comparison Approach - ANSWER-A Gross Rent
Multiplier approach
COMPLETE REAL EXAM QUESTIONS AND ACCURATE
ANSWERS (VERIFIED ANSWERS) |ALREADY PASSED
/ 2025 BRAND NEW!!
Which of these hazards would NOT typically be found in
building products in a home?
1) radon
2) asbestos
3) lead
4) formaldehyde - ANSWER-radon
___________________ is the additional or incremental risk of
investing in, financing, buying and/or owning property
attributable to its environmental condition.
1) Diminution in value
2) Environmental contamination
3) Environmental risk
4) Bonus value - ANSWER-Environmental risk
The tool on the EPA website that details areas where
there has been
contamination is
called
,1)
Enviromapper
2)
Hazardmap
3) EPA
GIS
4) EPALocator - ANSWER-
Enviromapper
What is the generic term for homes that are pre-cut and
assembled on site?
1) geodesic dome
2) post and beam home
3) Pre-engineered home
4) kit home - ANSWER-kit home
FHA says that no part of the finished grade level under a
manufactured home
may be below the ______ year
flood level.
1) 50
2) 100
3) 200
4) 500 - ANSWER-100
,Some manufactured home parks have been purchased
collectively by the
homeowners
as
1) apartment
complexes
2)
cooperatives
3) limited liability
corporations
4) communes - ANSWER-
cooperatives
Which of these cost services only provides information for
manufactured
homes?
1) Residential
Xpress
2) Residential Cost
Handbook
3) The N.A.D.A
Guide
4) Residential Estimator 7 - ANSWER-The
N.A.D.A Guide
, The ____________ section of the 1004C form is identical to
that in the URAR except for the part which asks for the
"Retailer's Name (New Construction)." 1) Subject
2) Improvements
3) The Contract section of the 1004C form is identical to that in
the URAR except for the part which asks for the "Retailer's
Name (New Construction)
4) Contract - ANSWER-Contract
Fannie Mae and Freddie Mac say that the appraiser must rate
the quality level of the manufactured home based on
1) personal observations and consultations with other
professionals
2) current available inventory at manufactured home retailers
3) a cost service
4) observed condition breakdown - ANSWER-a cost service
If a property is subject to rent controls, you probably will be
unable to employ
1) A cost approach
2) A Gross Rent Multiplier approach
3) An Income Capitalization approach
4) A Sales Comparison Approach - ANSWER-A Gross Rent
Multiplier approach
