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Basic Appraisal Procedures Exam Questions And Answers 100% Solved When developing an appraisal, you calculate the following GRMs for comparable properties: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9. What is the mean of the GRMs? - answer96.3 "The process of valuing a universe of properties as ...

Basic Appraisal Procedures Exam Questions With 100% Correct Answers 2024 In the highest and best use analysis, when an appraiser is evaluating the land as though vacant, what is one of the four criteria the appraiser will evaluate? - answerthe physical possibility of an intended use the apprais...

Basic Appraisal Procedures Exam Questions With 100% Correct Answers 2024 T/F: The effective date of the valuation must be the date on which the appraiser inspected the subject property. - answerFalse "An interest or interest s in real estate" is the definition of: - answerReal property In hig...

Basic Appraisal Procedures Final Exam Questions With 100% Correct Answers The first step in the valuation process is - answerdefine the problem Appraisers are cautioned to identify the exact _______________ of market value, and its _______________, applicable in each appraisal completed for the ...

Basic Appraisal Procedures Exam Questions With 100% Correct Answers Assumption - answerThat which is taken to be true Effective Date - answerThe context for the appraiser's opinions and conclusions. Effective dates can be current, retrospective, or prospective Exposure Time - answerEstimated l...

Basic Appraisal Procedures Exam Questions With 100% Correct Answers 8 Steps in the Valuation Process - answer1) Define the problem 2) Determine scope of work 3) Gather, record and verify the data 4) Determine the highest and best use 5) Estimate the land value 6) Estimate value by each of the...

Basic Appraisal Procedures Exam Questions With 100% Correct Answers If a cost manual is used, the result is _____________ cost. - answerreplacement What type of framing became popular in the 1800s with the advent of the steam-powered sawmill? platform frame balloon frame log frame post and b...

Basic Appraisal Procedures Exam Questions And Answers 100% Solved 2024 "The estimated cost to construct, at current prices as of the effective appraisal date, an exact duplicate or replica of the building being appraised, using the same materials..." is the definition of _______________ cost. ...