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54. ¼ of a section is ½ mile by ½ mile and has how many acres? a.  320       b.  160       c.  240 d.  120

70. The income approach is most effective: a.  with single-family homes or lots.                 b.  with new, unique, or public buildings.                    c.  for properties that can generate income. d.  all answers are correct.

10. The right to reasonable use of water from a river or stream, if the land borders it, is called: a.  none of the above.                    b.  a mineral right.                                       c.  a potable right. d.  a riparian right.

22. Easements are created by: a.  express grant (in writing).     b.  implication of law.      c.  long-term use (prescription). d.  all answers are correct.

9. Analyzing the future net income from a property to determine its current market value is called the: a.  capitalization or income approach.                        b.  replacement cost method.               c.  market data method. d.  comparison approach.    

19. The first phase in the life of a contract is: a.  completion.     b.  escrow. c.  performance. d.  negotiation.

72. The “Alquist-Priolo Special Studies Zones Act” pertains to: a.  flood zones.                      b.  earthquake fault zones.                   c.  registered sex offender zones.   d.  none of the answers are correct.

55. Which appraisal method is known as the “replacement cost method”? a.  Market data approach                           b.  Cost Approach                      c.  Income approach d.  All answers are correct

28. Which of the following is NOT a duty of the escrow company? a.  Negotiating broker’s fees     b.  Confidentiality c.  Deposit holder d.  Conditional delivery of funds and documents

15. When a tenant voluntarily gives up a lease before the expiration of its term, it’s known as: a.  forgiveness.    b.  forbearance.   c.  suspension. d.  surrender.