Ethics
This guides professionals in doing the right thing every time.
What is Ethics.
Ownership of the entire bundle of rights is called this.
What is Fee Simple Absolute.
This is the combination of conditions (e.g., physical, social, cultural, etc.) that affect and influence the growth, development, and survival of living things.
What is the Environment.
This is a ratio that represents the relationship between dimensions on a drawing and the actual dimensions of the object or structure in real life.
What is the Scale.
An appraisal is a formal opinion of this.
What is Value.
SWOT analysis stands for these.
What are Strengths, Weaknesses, Opportunities, and Threats.
This involves intentionally and permanently giving up, surrendering, deserting, or relinquishing property.
What is Abandonment.
Ethics translates into this.
What is trust.
This is the land, the buildings, and the rights to grant an easement.
What is Real Property.
This is an analysis of a specific parcel of real property to identify environmental risks.
What is an Environmental Site Assessment (ESA).
This view is also described as the end view or a slice out of a loaf of bread.
What is the Cross Section View.
This is the most probable price which a property should bring in a competitive and open market.
What is Market Value.
This involves the acquisition specialist negotiating within the organization or project team regarding issues that may affect outcomes external to the organization.
What is Intra-agency Negotiation.
This is the unlawful use and possession of the property of another.
What is an Encroachment.
This is composed of the Rules of Professional Conduct and the Standards of Practice.
What is the Code of Ethics
Common Law and Statutory Law are both components of this.
What is Civil Law.
This is a condition that unduly interferes with the use or enjoyment of land, either public or private.
What is a Nuisance.
The control line, or centerline, is divided into intervals, called these.
What are Stations.
This is the reasonably probable and legal use of a property which is physically possible, legally permissible, financially feasible, and that results in the highest value.
What is Highest and Best Use.
This involves developing a trust relationship and establishing rapport to set the stage for negotiation.
What is Attitudinal Awareness.
These are referred to as the first line of defense for encroachments.
What are regular and systematic property inspections.
These enable IRWA members to monitor their behavior and choose the high ground.
What are the Rules of Professional Conduct.
The most common type of multiple or concurrent ownership.
What is Joint Tenancy.
This addresses the potential for environmental problems and includes a critical visual inspection, interviews, and records review.
What is a Phase I ESA.
The Plan or Bird’s Eye View incorporates these land measurements of the project.
What are the Length and Width.
This is based on the concept of adding the depreciated contribution of the improvements to the value of the site (or land).
What is the Cost Approach.
Bargaining Negotiation is now being referred to as this.
What is Distributive Negotiation.
The two principal methods to correct encroachments are referred to as these.
Removal and Legalization.
Apply these when working with the public.
What are the Standards of Practice.
This grants certain rights to a property by those who have made use of that property for an extended time frame.
What is a Prescriptive Easement.
Environmental concerns affecting projects relate to conservation and this.
What is Contamination.
The Profile or Side View indicates the length and height of the project, which provides information on elevations along what.
What is the Centerline.
This must be determined first in the appraisal of a partial acquisition.
What is the Larger Parcel.
The six-step plan to improve a negotiator’s effectiveness starts with this step.
What is Analyze the project’s impact on the property owner.
This is the control of loss, which potentially or actually threatens the organization and its real estate holdings.
What is Risk Management.
IRWA’s Code of Ethics is based on truth, honesty, and this.
What is fair play.
This is a means of acquiring title to another’s real property without compensation by holding the property in a manner that conflicts with the true owner’s rights.
What is Adverse Possession.
These are preliminary actions designed to identify potential environmental risks.
What are Incidental Screenings.
The location of an object or point, which falls on either one side or the other of the control line (centerline) can be identified by measuring this.
What is the Offset.
This represents the loss in value to the remainder property as a result of a partial acquisition.
What is Damages or Injurious Affection.
Problem solving involves searching for solutions and resolving issues, interests, concerns and questions identified in this step of the Funnel Technique.
What is Problem Census.
This is the maximization of the use of or return from the real estate asset including the maximization of the asset’s relevance to present and future business needs.
What is Optimization.