Misc Flashcards
Master agreements only apply to freeway projects on highways listed as part of the —-?
California freeway and expressway system
What team leads the identification, investigation, and cleanup of hazardous waste?
Project development
What type of insurance does Caltrans not normally obtain?
Fire
What percentage is the rental rate to a qualified tenant?
25% of income
A security deposit for furnished residential property is not to exceed?
3 months rent
State pays differentials for how long?
42 months
Grace period for owner occupants, after closing escrow, to begin to pay rent to the State?
15 days
Who can create a conveyance for the State highway for real property belonging to a school district?
The governing board of the school district
Property management will use the rent determination to?
Arrive at a rental rate within the concluded range of rental rates
How are improvements appraised?
At their depreciated value in place (DVIP)
Land is valued as?
Vacant and available for development to its highest and best use
What are appropriate sources for economic rent?
Rent surveys
Opinions of real estate brokers and agents
Comparable rent data in office files
What is the purpose for preparing the appraisal report?
Required by constitution
Required by law
To arrive at a conclusion of just compensation
How is property with hazardous waste evaluated?
As if it was free and clear of that waste
What do estimators use for indicators of value?
Staff appraisals of comparable properties
Assessor’s information
Multiple listing service sales data
Observed listings
What program is the estimate data entered into?
PMCS
What is the RW program budget?
Cost for capital outlay support and RW support costs
What is the RW data sheet used for?
It provides cost data to be included in the PSR. The data sheet is an estimate of the project.
If there are any changes to the relocation plans for utilities, what must be sent out?
A new NTO
What are moving expenses?
Actual reasonable moving costs
Fixed moving cost schedule
Difference acquisition role vs RAP role?
Acquisition agents notifies grantor of benefits
RAP agent explains benefits
How long does a person have to file a claim?
18 months
How long does a person have from the notification of benefits to find a replacement home?
One year
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?
180 days
