Question: Which would likely be considered a fixture?

Answer Options: A. Stand-alone garage B. Septic system C. Buried utility line D. Attached chandelier

Answer: D. Attached chandelier

Question: Which is NOT in the bundle of rights?

Answer Options: A. Possession B. Enjoyment C. Taxation D. Exclusion

Answer: C. Right of taxation

Question: The four value characteristics are:

Answer Options: A. Demand, utility, scarcity, transferability B. Price, equity, growth, stability C. Location, condition, size, marketability D. Physical, economic, governmental, social

Answer: A. demand, utility, scarcity, and transferability

Question: The principle of contribution states:

Answer Options: A. Improvement is worth what it adds B. Cost equals value C. Expensive adds more value D. Equal contribution

Answer: A. an improvement is worth only what it adds

Question: DUST characteristics EXCEPT:

Answer Options: A. demand B. utility C. size D. transferability

Answer: C. size

Question: What is plottage?

Answer Options: A. Decrease by division B. Increase by division C. Increase by combining parcels D. Combining parcels

Answer: C. increase in value by combining parcels