FL Trainee Appraiser - Ch - 12 Green Building

____________ provides survey information mostly for use by companies who market products. Energy Star HUD ENERGY PULSE The EPA

ENERGY PULSE

A green home sells for $441,000, while a similar non-green home sells for $370,000. What is the indicated bonus value for green construction? 14% 17% 19% There is no bonus factor indicated

19%

Why is it becoming easier to appraise green buildings with the passage of time? As more of these buildings are being constructed and sold, more sales data is available Appraisers do not have to follow USPAP when valuing these types of buildings The cost of green building is increasing more rapidly than other types of construction It has been demonstrated that there is no value difference between a green building and a non-green building

As more of these buildings are being constructed and sold, more sales data is available

The Certified Green Professional designation is offered through the Appraisal Foundation NAHB USGBC GBFC

NAHB

With respect to location, one of the most significant trends in commercial green building is: Rooftop soccer fields Building underground on contaminated sites Re-use of existing building sites Building on piers over water

Re-use of existing building sites

Which statement is TRUE regarding market value? There is only one true definition of market value. There are many different definitions of market value. Fannie Mae and Freddie Mac do not require market value in their appraisals. Market value definitions vary widely; most are very dissimilar.

There are many different definitions of market value.

Which statement about green buildings, according to the USGBC, is false? They have lower indoor air quality. They consume less energy. They have lower maintenance costs. They have higher occupant satisfaction.

They have lower indoor air quality.

True or False: Green building is the practice of creating structures and using processes that are environmentally responsible and resource-efficient. True False

True

What is the Green Building Finance Consortium? an advocacy group founded to lobby for government funding for green building programs a group of corporations and trade groups that are addressing the need for independent research and analysis in investment in green buildings a group of lenders who pool their money and give low-interest loans to developers who want to build green homes the largest provider of ratings for green buildings in the U.S.

a group of corporations and trade groups that are addressing the need for independent research and analysis in investment in green buildings

Under USPAP, an appraiser is not permitted to be a/an _________ or to perform assignments with ________. advocate, expertise expert witness, competency advocate, bias agent, knowledge

advocate, bias

Sustainable design considers the construction stage site only entire life cycle of the building functional obsolescence caused by using recycled materials

entire life cycle of the building

In the cost approach, if a green building costs 20% more than a conventional building, but the market only will pay a premium of 15% for a green building, the other 5% is attributable to: a green premium physical deterioration functional obsolescence site value

functional obsolescence

Sustainable building is often referred to as _______________. green building hippie housing recycled dwellings an outdated concept

green building

Green building is often called: economic obsolescence sustainable building wasteful building all of these

sustainable building

Green building is often called: economic obsolescence sustainable building wasteful building uncomfortable structure design

sustainable building

The value of some green properties could be affected because: buyers do not care about energy efficiency no one knows what they are really worth they may be difficult to finance they are more costly to maintain

they may be difficult to finance

What is "green washing"? when an appraiser appraises a green property but does not use green comparable sales when a person falsely claims a structure is green without a third-party certification when a person obtains a third-party certification on a green home when a person washes the exterior of the home with an environmentally-friendly detergent

when a person falsely claims a structure is green without a third-party certification

According to ENERGY PULSE, 86% of Americans: cannot name two sources of renewable energy do not care about energy efficiency would choose one home over another based on energy efficiency have allergies that require them to live in a home with no Volatile Organic Compounds (VOCs)

would choose one home over another based on energy efficiency