AG HBU Practice Test Section 6

Question 1

The maximally productive use of a property is the use that
A. produces the most benefits for an owner-occupant.
B. produces the most income.
C. results in the highest value as long as income is generated.
D. results in the highest value regardless of income potential.

Answer 1

D. results in the highest value regardless of income potential.

Question 2

In general, the term externalities refers to the
A. external use to which a site or an improved property is put until it is ready to be put to its internal use.
B. principle that economies outside a property have a positive effect on its value while diseconomies outside a property have a negative effect on its value.
C. principle that off-site conditions have no effect on real property. D. theory that neighborhood properties are the best comparables.

Answer 2

B. principle that economies outside a property have a positive effect on its value while diseconomies outside a property have a negative effect on its value.

Question 3

Assemblage is
A. multiple land parcels not needed to serve or support the existing improvement.
B. the collection of market data to support a highest and best use conclusion.
C. the combining of two or more parcels, usually but not necessarily contiguous, into one ownership or use.
D. the grouping of like property characteristics.

Answer 3

C. the combining of two or more parcels, usually but not necessarily contiguous, into one ownership or use.

Question 4

Plottage is the
A. combining of two or more sites for development purposes.
B. increment of value created when land is subdivided to create greater utility.
C. increment of value created when two or more sites are combined to create greater utility.
D. linkage of two or more sites into a larger parcel.

Answer 4

C. increment of value created when two or more sites are combined to create greater utility.

Question 5

A land use that conforms to the zoning ordinance before a change in the land- use restrictions on the zoning map, but currently is not consistent with the zoning ordinance is a/an
A. inconsistent use.
B. interim use.
C. nonconforming use.
D. transitional use.

Answer 5

C. nonconforming use.