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[Show more]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 ...
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Add to cartBasic 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...
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Add to cartBasic 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...
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Add to cartBasic 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 ...
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Add to cartBasic 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...
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Add to cartBasic 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...
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Add to cartBasic 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...
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