WorksheetsUnderstanding the Value of Trees Quiz
Total questions: 15
Worksheet time: 8mins
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
What is the main reason for real estate appraisers to seek out the services of a plant appraiser?
Lack of time
Lack of interest
Lack of expertise
Lack of relevant data
What is the primary focus of the Cost approach to value?
The revenue that may be generated by a specialty improvement
The industry of supply and the desire of demand
The production side or supply end of the market spectrum
The buyer's willingness to engage in an exchange transaction
What is the main problem with using the hedonic regression analysis when applied to trees?
It violates several fundamental appraisal principles
It is not sophisticated enough
It is not reliable
It is not credible
What is the role of plant appraisers in solving complex real estate appraisal problems?
To specialize in the Cost approach
To identify the relevant characteristics of the plant appraisal problem
None of the above
To form opinions of value using the Market approach
What does USPAP suggest when the analysis of data that informs the Market approach to value is not capable of reliably and credibly providing a relevant appraisal result?
Use the Income approach
Use the Cost approach
Seek out the services of a plant appraiser
All of the above
