APPRAISAL CHP 6

Question 1

Which CANNOT define a neighborhood’s boundaries?
a. ethnic origin of residents
b. income level of residents
c. natural and artificial boundaries
d. upkeep and maintenance

Answer 1

a. ethnic origin of residents

Question 2

The four life cycle stages a neighborhood normally goes through, in order, are
a. decline, revitalization, stability/equilibrium, and growth.
b. growth, stability/equilibrium, decline, and revitalization.
c. revitalization, growth, decline, and stability/ equilibrium.
d. stability/equilibrium, decline, growth, and revitalization.

Answer 2

b. growth, stability/equilibrium, decline, and revitalization.

Question 3

Gentrification is the
a. aging of a neighborhood.
b. aging of the population.
c. rapid deterioration of the neighborhood.
d. rapid revitalization of the neighborhood.

Answer 3

d. rapid revitalization of the neighborhood.

Question 4

Which is NOT a way that the government can affect the life cycle of a neighborhood?
a. changing tax rates
b. changing zoning
c. widening a road
d. imposing deed restrictions

Answer 4

d. imposing deed restrictions

Question 5

A nuisance
a. affects some of the owner’s bundle of rights.
b. always emanates from within the property’s boundaries.
c. can always be removed.
d. involves a person trespassing on the property.

Answer 5

a. affects some of the owner’s bundle of rights.

Question 6

A stigmatized property
a. is irrationally shunned by an uneducated buyer.
b. is one that may be undesirable to some people
because of a past event.
c. need not be disclosed to a potential buyer by the real estate agent.
d. should be avoided at all costs.

Answer 6

b. is one that may be undesirable to some people
because of a past event.

Question 7

What action is NOT necessary to comply with EPA lead-based paint regulations for houses built before 1978?
a. Buyers must be given a 10-day period to conduct lead tests.
b. Known lead paint hazards must be disclosed.
c. A lead paint brochure must be given to buyers and prospective tenants.
d. Sellers must hire a contractor to remove any lead- based paint.

Answer 7

d. Sellers must hire a contractor to remove any lead- based paint.

Question 8

Radon gas
a. can present a problem indoors if allowed to build up to dangerous levels.
b. is expensive to remediate.
c. is a man-made waste byproduct.
d. makes a house worthless because it must be condemned by the EPA.

Answer 8

a. can present a problem indoors if allowed to build up to dangerous levels.