Question 1

The effective age of a structure is defined as its relative age considering its condition and marketability.

Accepted Answer

The statement is true. Effective age takes into account factors beyond the actual age of a structure, such as its maintenance and updated features, to determine its overall value in the real estate market.

Question 2

The URAR form can be a good checklist for the building inspection.

Accepted Answer

The URAR form, also known as the Uniform Residential Appraisal Report form, includes detailed information about the property being appraised, including its condition and any noticeable deficiencies. This information can serve as a useful checklist for a building inspection as well.

Question 3

The marketability and appeal of a house should be rated by the demands and tastes of potential buyers.

Accepted Answer

This statement is true. The marketability and appeal of a house ultimately depends on the preferences and priorities of potential buyers, so sellers and real estate agents should consider these factors when trying to sell a property.

Question 4

Colonial styling includes several types of early American architectural styles.

Accepted Answer

Colonial styling includes several types of early American architectural styles, such as Georgian, Federal, and Cape Cod.

Question 5

Good architectural design is independent of functional utility.

Accepted Answer

Good architectural design must take into consideration the functional utility of the structure. The design should be tailored to meet the needs and requirements of the space or building.

Question 6

Construction classification refers to the type of occupancy of a structure.

Accepted Answer

Construction classification refers to the materials and methods used in the construction of a building, which determine its fire resistance and structural integrity, not the type of occupancy.

Question 7

The building inspection should be geared to the client's intended use of the report and the appraisal purpose.

Accepted Answer

The building inspection report should be tailored to meet the specific needs of the client and the intended use of the appraisal, whether it be for purchasing, insurance, or renovation purposes.

Question 8

The building materials selected for a structure depend in part upon their availability, durability, and the climate of the location.

Accepted Answer

The availability, durability, and climate are all important factors to consider when selecting building materials for a structure. For example, if a location has extreme weather conditions such as high winds or heavy rainfall, the materials chosen must be able to withstand these conditions. Additionally, the availability of certain materials in a particular region may also play a role in the selection process.

Question 9

Quality of construction is rated on an absolute scale.

Accepted Answer

Quality of construction is typically rated on a relative scale, as it can vary based on standards, materials, practices, and regional differences, making an absolute scale impractical for comprehensive assessment.

Question 10

The living area of condominium units for appraisal purposes includes the thickness of all exterior walls and finish.

Accepted Answer

For appraisal purposes, the living area of condominium units typically includes only the interior living space and does not account for the thickness of exterior walls and finishes.

Deck 7: Property Inspection and Analysis: the Improvements