AG Report Writing Exam prep Flashcards

1
Q

Imply means to

A

hint or suggest; something the writer or speaker does.

page 101

To remember that imply means to hint or to suggest, think of it as “sending a message out indirectly.” When you imply something, you’re not stating it directly but are hinting at it for others to pick up on.

Another way to remember is:

“Imply” → “I’m pointing (or hinting) out.”

Or think of implying as planting a seed or giving a subtle nudge, suggesting something without saying it outright. This helps reinforce that imply is about giving subtle hints rather than directly stating something.

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2
Q

Infer means to

A

conclude or derive from; something the reader or listener does.

page 101

A helpful way to remember that infer means to conclude is to associate it with the idea of “information flowing in.” When you infer something, you’re bringing information in from details or clues to reach a conclusion.

Another way is to think of it as inference drawing a conclusion based on evidence, like a detective piecing together clues. Just remember:

“Infer” → “In” → “Insight or Information gathered in to conclude.”

Or you can think of infer as your mind “inferring” or filling in gaps to reach a conclusion based on what you know.

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3
Q

Fewer applies to

A

countable quantities/things.

page 100

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4
Q

Less applies to

A

non-countable quantity and singular things.

page 100

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5
Q

The principle/principal reason Sale 2 deserves the greatest weight is that it requires the least/fewest adjustments.

A

The principal reason Sale 2 deserves the greatest weight is that it requires the fewest adjustments.

page 20 solutions book

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6
Q

The selling agent implied/inferred from the lengthy negotiations between the buyer and seller that the deferred maintenance did not affect/effect the sale price.

A

The selling agent inferred from the lengthy negotiations between the buyer and seller that the deferred maintenance did not affect the sale price.

page 20 solutions book

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7
Q

Add commas, semicolons, or colons as needed to the following sentence:
This block has good foot traffic and the storefront is more prominent than the subject property’s storefront however retail vacancy is higher than the subject’s retail corridor which negatively affects the co-tenancy appeal of this comparable lease.

A

This block has good foot traffic, and the storefront is more prominent than the subject property’s storefront; however,retail vacancy is higher than the subject’s retail corridor, which negatively affects the co-tenancy appeal of this comparable lease.

page 24 solutions

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8
Q

Add commas, semicolons, or colons as needed to the following sentences.
The improvements contain a total of approximately 5,168 square feet of building area currently demised to house three tenants a nail salon a convenience store and a full-service restaurant.

A

The improvements contain a total of approximately 5,168 square feet of building area currently demised to house three tenants: a nail salon, a convenience store, and a full-service restaurant.

page 24 solutions

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9
Q

Add commas, semicolons, or colons as needed to the following sentences.
Sam Smith the owner’s cousin spent four months restoring the marble fireplace which the owner says was imported from France.

A

Sam Smith, the owner’s cousin, spent four months restoring the marble fireplace, which the owner says was imported from France.

page 24 solutions

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10
Q

Add commas, semicolons, or colons as needed to the following sentences.

According to the preliminary title report the property is currently vested as follows Cameron Lee Successor Trustee of The Lee Family Trust.

A

According to the preliminary title report, the property is currently vested as follows: Cameron Lee, Successor Trustee of The Lee Family Trust.

page 24 solutions

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11
Q

Add or delete hyphens as needed to the following sentences. Note. Some of the
sentences will be correct as-is and not require editing.
The apartment building consisted of three one-bedroom, one-bathroom units, and
one two-bedroom, one-and-a-half bathroom-units.

A

The apartment building consisted of
three one-bedroom,
one-bathroom units, and
one two-bedroom,
one-and-a-half bathroom units.

solutions page 45

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12
Q

Add or delete hyphens as needed to the following sentences. Note. Some of the
sentences will be correct as-is and not require editing.

The property’s rear-garden is improved with a split-level deck that was originally constructed in the mid-1980s and subsequently renovated in 2020.

A

The property’s rear garden is improved with a split-level deck that was originally constructed in the mid-1980s and subsequently renovated in 2020.

solutions page 45

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13
Q

Add or delete hyphens as needed to the following sentences. Note. Some of the
sentences will be correct as-is and not require editing.

The year-over-year change in asking rents for office space represents a 10-to 12-fold increase, depending on the class of space.

A

The year-over-year change in asking rents for office space represents a 10- to 12- fold increase, depending on the class of space.

solutions page 45

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14
Q

Add or delete hyphens as needed to the following sentences. Note. Some of the
sentences will be correct as-is and not require editing.

The larger-metro-area showed employment growth of 41,900 jobs over the 36-month period.

A

The larger metro area showed employment growth of 41,900 jobs over the 36-month period.

solutions page 45

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15
Q

Bar graphs are useful for

A

comparing data points or categories.

page 238

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16
Q

Vertical bar graphs can be useful

A

To show a trend or pattern

When the elements being compared are best interpreted left to right (such as with time periods)

page 238

16
Q

Vertical bar graphs are also called

A

column charts.

page 238

17
Q

Line graphs can illustrate…

but…

A

trends or patterns or how one change is related to another.

but keep the number of lines to a minimum. It can be difficult to visually untangle too many lines.

page 235

18
Q

Line graphs are most useful in communicating

A

trends.

page 86 solutions

19
Q

To show comparative relationships, use a

A

bar graph

solutions page 86

20
Q

Effectiveness of image-based content is judged based on

A

clarity, content, context.

solutions page 86

21
Q

Depreciation and obsolescence become apparent in the

A

ideal improvement analysis.

solutions page 93

22
Q

Obsolescence of the subject’s improvements should be addressed in the

A

property as improved discussion.

solutions page 96

23
Q

The highest and best use discussion should

A

be based on information collected and reported in the market analysis, property identification, and market area sections of the report.

consider the intended use of the appraisal and the knowledge and experience of the intended user(s).

inform the selection of comparable sales and comparable leases.

solutions page 96

24
Q

The highest and best use analysis relates to the cost approach by identifying the

A

ideal improvement, which helps estimate depreciation of the subject improvements.

solutions page 97

25
Q

Which action below is NOT a common error in reporting the results of the sales comparison approach?

A. attempting to support adjustments that are contrary to market data
B. failing to establish the relevance of comparable sales
C. failing to support the quantitative adjustments
D. use of qualitative adjustments

A

D. use of qualitative adjustments

solutions page 109

26
Q

The income capitalization approach is best described as

A

a series of smaller analyses.

solutions page 121

27
Q

Vacancy and expense ratios must be

A. adjusted for location.
B. identical in the comparable rentals.
C. market based.
D. published in a reliable source.

A

C. market based.

solutions page 121

28
Q

Which of the words below describes a commonly recognized way for estimating market rent?

A. capitalization
B. comparison
C. contrast
D. cost

A

B. comparison

solutions page 121

29
Q

The task of the income capitalization approach is to

A

quantify the relationship between income and value.

solutions page 121

30
Q

When reporting information about a lease, which of the items below is NOT an
important factor?

A. beginning/ending date of the lease
B. expense basis of the lease
C. free rent or concessions
D. landlord responsibilities
E. All of these items can be important factors.

A

E. All of these items can be important factors.

solutions page 122

31
Q

The income approach can be described as

A. an estimate of investment value.
B. a quantification of a property’s ability to generate future income.
C. a technique that is not market based.
D. the most reliable approach to value.

A

B. a quantification of a property’s ability to generate future income.

solutions page 123

32
Q

In the final reconciliation, the appraiser

A. links the approaches to the appraisal principles considered.
B. must justify the use or nonuse of all three approaches.
C. resolves differences and reaches a conclusion.
D. summarizes the procedures followed.

A

C. resolves differences and reaches a conclusion.

solutions page 125

33
Q

Reconciliation is
A. a restatement of each approach leading to a logical value conclusion.
B. a simple average of the different value indications derived.
C. broad statements about each approach.
D. the resolution of two or more value indications into a single value opinion.

A

D. the resolution of two or more value indications into a single value opinion.

solutions page 126

34
Q

Explain the punctuation:
The building contains 12,840 square feet and is leased to the three tenants.

A

No comma here because cannot stand alone.

35
Q

Explain the punctuation:
The building contains 12,840 square feet, and it is leased to three tenants.

A

Needs comma because 2 independent clauses

36
Q

Explain the punctuation:
The 12,845-square-foot building is fully leased.

A

Needs hyphen because it has a target noun.

…fully leased does not need a hyphen because of the ending …ly.

37
Q

Explain the punctuation:
The building contains 12,845 square feet.

A

No hyphen because no target noun.