$9.$ The net operating income is $$20,000.$ The price is $$200,000.$ Gross income is $$30,000.$ What

is the capitalization rate?

a$.15\%$

b$.10\%$

c$.5\%$

d$.50\%$

$10.$ The application of a gross rent multiplier or GRM would be most appropriate for

a$.$ office buildings.

b$.$ apartment buildings.

c$.$ a $5,000$ square foot commercial building.

d$.$ single$-$family residences.

$11.$ Typically, which type of appraisal report listed below do banks require if they want to sell

their mortgage loans to the secondary market?

A$)$ CMA

B$)$ Form $1004$

C$)$ Drive$-$By Appraisal report

D$)$ None of these $$ a Fannie Mae $1000$ Report is the best choice

$12.$ If a homeowner paints their house pink and if they plant a large palm tree in the front,

while all other homes in the HOA are painted light yellow and are not allowed to have any

trees planted in the front, then what principle is this homeowner violating?

A$)$ The Principle of Plottage

B$)$ The Principle of Highest and Best Use

C$)$ The Principle of Progression

D$)$ The Principle of Conformity

$13.$ If a bank, the buyer, the seller, and even the selling Realtor were all disputing the

appraised value, then what would be the ultimate appraisal report that could be ordered to

settle the dispute over the value?

A$)$ The $1004$ Appraisal Report

B$)$ A Narrative Report

C$)$ A Square Footage Value Appraisal Report

D$)$ A Reproduction Appraisal Report