An appraiser views the addition of an amenity to an apartment building under which appraisal principle?
a. Substitution.
b. Contribution.
c. Anticipation.
d. Progression.
Answer: b. Contribution.
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With a design/build contract:
a. the owner serves as the renovation designer, with construction performed by in-house staff b. the construction contractor serves as the designer as well as the builder c. the designer provides designs to the contractor that constructs the project d. none of the above
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The __________ is available to individuals who have obtained a judgment against a licensee and are unable to recover the judgment from the licensee for losses caused while acting as an agent.
a. Real Estate Recovery Fund b. Broker Protection Fund c. Homeowner Relief Fund d. Borrower Education Fund
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