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RW exam > Misc > Flashcards

Misc Flashcards

1
Q

Master agreements only apply to freeway projects on highways listed as part of the —-?

A

California freeway and expressway system

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2
Q

What team leads the identification, investigation, and cleanup of hazardous waste?

A

Project development

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3
Q

What type of insurance does Caltrans not normally obtain?

A

Fire

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4
Q

What percentage is the rental rate to a qualified tenant?

A

25% of income

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5
Q

A security deposit for furnished residential property is not to exceed?

A

3 months rent

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6
Q

State pays differentials for how long?

A

42 months

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7
Q

Grace period for owner occupants, after closing escrow, to begin to pay rent to the State?

A

15 days

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8
Q

Who can create a conveyance for the State highway for real property belonging to a school district?

A

The governing board of the school district

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9
Q

Property management will use the rent determination to?

A

Arrive at a rental rate within the concluded range of rental rates

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10
Q

How are improvements appraised?

A

At their depreciated value in place (DVIP)

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11
Q

Land is valued as?

A

Vacant and available for development to its highest and best use

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12
Q

What are appropriate sources for economic rent?

A

Rent surveys
Opinions of real estate brokers and agents
Comparable rent data in office files

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13
Q

What is the purpose for preparing the appraisal report?

A

Required by constitution
Required by law
To arrive at a conclusion of just compensation

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14
Q

How is property with hazardous waste evaluated?

A

As if it was free and clear of that waste

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15
Q

What do estimators use for indicators of value?

A

Staff appraisals of comparable properties
Assessor’s information
Multiple listing service sales data
Observed listings

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16
Q

What program is the estimate data entered into?

A

PMCS

17
Q

What is the RW program budget?

A

Cost for capital outlay support and RW support costs

18
Q

What is the RW data sheet used for?

A

It provides cost data to be included in the PSR. The data sheet is an estimate of the project.

19
Q

If there are any changes to the relocation plans for utilities, what must be sent out?

A

A new NTO

20
Q

What are moving expenses?

A

Actual reasonable moving costs
Fixed moving cost schedule

21
Q

Difference acquisition role vs RAP role?

A

Acquisition agents notifies grantor of benefits
RAP agent explains benefits

22
Q

How long does a person have to file a claim?

A

18 months

23
Q

How long does a person have from the notification of benefits to find a replacement home?

A

One year

24
Q

To qualify for mortgage differential, the property must be encumbered by a Bonafide mortgage which was at least how many days prior to initiation of negotiations?

A

180 days

25
Q

How many days prior to FWO must a property be occupied to guarantee RHP benefits?

A

90 days

26
Q

What is the lowest signature on NOI?

A

Senior

27
Q

Steps in filing suit papers?

A

NOI, request to appear, CTC meeting
Summons and complaint
Lis pendens
Application and declaration for order of possession
Order for possession
Notice, deposit, and summary of the basis for the appraisal

28
Q

What is the DM-4 clause?

A

Pertains to mineral rights

29
Q

Value at the time of acquisition

A

Value of the excess as a partial acquisition under condemnation rules immediately after acquisition and considered a separate parcel

30
Q

Who is allowed to review appraisal?

A

Owner occupied of four residential units or less

31
Q

What are the six appraisal prerequisites?

A

Project report approval
Environmental clearance
Signed freeway agreement
Project in STIP or lump sum funded
Approved RW plan
FNM-76

32
Q

What is the GRM formula?

A

Market sales / net operating income

33
Q

3 project certificates

A

Certificates 1
2 can advertise
3 with work around or certificate cannot advertise

RW exam (4 decks)

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