A house is appraised at $423,000, even though it cost $435,000 to build three years earlier. Which factor could NOT have contributed to the loss in value?

a. Regression
b. Gentrification
c. Functional obsolescence
d. Supply and demand

Answer: b. Gentrification

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If the amount realized at a sheriff's sale as part of a mortgage foreclosure is more than the amount of the indebtedness and expenses, then the excess belongs to

A) the mortgagor. B) the mortgagee. C) the sheriff's office. D) the county.

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An item in a questionnaire states that "most politicians cannot be trusted"

Respondents are required to provide their answers by choosing any one of the following options: (1 ) Strongly disagree, (2 ) Disagree, (3 ) Neither agree nor disagree, (4 ) Agree, (5 ) Strongly agree. This is an example of a ________. A) semantic differential B) word association question C) Thematic Appreciation Test (TAT) D) Likert scale E) dichotomous question

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