Cost Approach Quiz #2

All of the following are physical Characteristics of land except:

Size and Shape

Cost

Topography

Environmental Factors

Form of Ownership

Off-Site Improvements

Cost

Which of the following is an example of an On-Site improvement?

Streets

Sidewalks

Retaining Walls

Utilities

Retaining Walls

What public restrictions can significantly impact the value of land?

Zoning regulations

Building and safety regulations

Subdivision requirements

Regional and master plans

All of the above

All of the above

Which is not a private restriction that can affect the value of land?

Deed restrictions

Leases

Property Taxes

Easements

Property Taxes

A CONEX is what?

New Construction Execution

New Construction Extension

New Construction Exclusion

Con artist ex boyfriend/girlfriend

New Construction Exclusion

Which R&T code section allows us to pick up partially completed new construction?

Section 2

Section 70

Section 71

Section 75.12

71

Rule 463(b) states that new construction includes all of the following except:

Retaining walls

ADU's

2nd story addition to the existing res

Adding sewers to land

None of the above

None of the above

Clearing and grading land, fencing a site, installation of temporary structures, and laying of foundations are all examples of what?

Activities that add value

Commencement of construction

New base year indicators

Indications of topography

Commencement of construction

Site utilities include all of the following except:

Cable 

Gas

Earthquakes

Trash collection

Earthquakes

The tests for highest and best use for land valuation include all except: 

Physically possible

Legally excluded

Economically feasible

Maximally productive

Legally excluded