Understanding the Value of Trees Quiz

What does it mean to value something?

• To hold something in high regard

• To buy something at a high price

• To sell something at a high price

• To ignore something

What are some examples of things that cannot be easily bought or sold at any price due to the esoteric value individuals might place on them?

• All of the above

• Memories

• 50 years of marriage

• Deep and abiding love

What are the unique characteristics of the Andrew Jackson Magnolia that evoke strong emotions in people?

• All of the above

• Color of the leaves

• Age of the tree

• Size of the tree

What approach is used in the appraisal of noncommercial land?

• Market approach

• Cost approach

• Income approach

• None of the above

What is the most common approach used in assignments involving various kinds of real property where the subject of the appraisal is an improvement?

• Income approach

• Cost approach

• None of the above

• Market approach

What percentage of Americans felt it was important that their home be near trees, grass, or nice landscapes according to a 2015 Harris Survey?

• 91%

• 75%

• 84%

• 100%

How much did Americans spend on nursery plants alone in 2006 according to the USDA Agriculture Statistics Board's report?

• $60 billion

• $4.65 billion

• $100 billion

• $40 billion

What is the most appropriate approach to use when the analysis of data that informs the Market approach to value is not capable of reliably and credibly providing a relevant appraisal result?

• Income approach

• None of the above

• Cost approach

• Market approach

What is the real reason for real estate appraiser discomfort with forming opinions about the value of trees and landscaping?

• Lack of interest

• Lack of knowledge

• Lack of time

• Lack of relevant data

What did Marty Shaw use to determine how the pre-existing trees contributed to the appearance and aesthetic value of the land in a trial case?

• None of the above

• Drone footage

• Aerial photography

• Satellite imagery