CHAPTER 18-1

Question 1

A REDUCTION OF PROPERTY VALUE DUE TO WEAR AND TEAR OF A COMPONENT OR DEFERRED MAINTENANCE

Answer 1

PHYSICAL DETERIORATION

Question 2

THE INCREASE IN VALUE RESULTING FROM THE ASSEMBLAGE

Answer 2

PLOTTAGE

Question 3

WHEN THE VALUE OF A SUPERIOR PROPERTY IS NEGATIVELY INFLUENCED BY THE SURROUNDING INFERIOR PROPERTY

Answer 3

REGRESSION

Question 4

A PROCESS OF ESTIMATING VALUE BY ADJUSTING COMPARABLE SOLD PRICES FOR PHYSICAL DIFFERENCES

Answer 4

SALES COMPARISON APPROACH

Question 5

WHEN THE VALUE OF SMALLEST AND MOST INFERIOR PROPERTY IS INCREASED BY ITS PROXIMITY TO SUPERIOR PROPERTY

Answer 5

PROGRESSION

Question 6

THE CURRENT COST TO REPRODUCE THE STRUCTURE WITH AN EXACT DUPLICATE USING THE SAME MATERIALS AND CONSTRUCTION STANDARDS

Answer 6

REPRODUCTION COST

Question 7

WHEN A TITLE COMPANY DEFENDS AN OWNER AGAINST A CLAIM, THE TITLE COMPANY RETAINS ANY AWARD OR JUDGMENT

Answer 7

SUBROGATION