1. (T/F). The 5th step in the prescriptive appraisal process is the highest and best use analysis.
2. (T/F). A listing broker is the broker who brings a buyer to the transaction.
3. (T/F). Engineers are the people who actually construct physical space or directly manage those who do.
4. (T/F). A Gantt chart is a project managment technique used to schedule work and measure progress against expectations.
5. (T/F). A special agency is a listing agency relationship that grants the broker the right to collect a commission if the property is sold during the listing period unless the property owner brings the buyer to the transaction.
6. Some characteristics that describe a good subcontractor does not include which of the following?
a. Financially stable
b. Suitably insured
c. Have a record of quality and timely performance
d. Having a reputation of chasing money
7. Which of the following approaches would require an estimate of the market value of the land combined with an estimate of the reproduction price of all new improvements adjusted by depreciation?
a. Cost Approach
b. Sales Comparison Approach
c. Market Approach
d. Income Approach
8. Which of the following type of brokers is most likely to be involved in dual agency?
a. Selling Broker
b. Buyer's Broker
c. Cooperating Broker
d. Listing Broker
1. T 2. F 3. F 4. T 5. F 6. d 7. a 8. b
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