Appraisal || Tests compilation bundle

Which of the following is not a criterion for highest and best use? Marginally productive Financially feasible Legally permissible Physically possible correct answers marginally productive A mortgage lien is an example of a lien that is: specific and involuntary general and involuntary gen...

Real estate supply factors include all of the following except correct answers population The number of comparable sales needed for the sales comparison approach is dependent on correct answers How good the comparables are The reliability of the data The intended use of the appraisal The...

Mario's investment in a home in an older neighborhood is paying off now that the old post office next door has been converted to a recreational open space. correct answers Change Jane owns an empty warehouse. She's contemplating whether she stands to profit more by keeping the industrial proper...

Ad Valoren Taxes correct answers Taxation based on property value Advisory Opinions correct answers Illustrate the application of the USPAP in particular situations. Appraisal correct answers An opinion on value Appraisal Practice correct answers Valuation services performed by an individua...

"Capitalization" is a process to correct answers Convert income into value. If an apartment house valued at $100,000 had an annual net return of 16% what was its net monthly income? correct answers $1,333.33 Ted Franklin has $85,000 to invest and wants a 12% return on his investment. If he i...

What is an "Appraisal"? correct answers The process of estimating, fixing or setting the market value of real property. An appraisal may take the form of a lengthy report, a completed form, a simple letter or even an oral report. What is an "Appreciation:"? correct answers An increase in the ...

While performing an appraisal review for a loan underwriting department, you need to contact the appraiser to discuss some issues. Which statement below is correct? correct answers You need to be diplomatic in your communications with the appraiser. What are the two kinds of review appraiser posi...

1. A residence that has a bathroom but not tube would be said to suffer from: a. dysfunctional depreciation b. economic obsolescence c. physical depreciation d. functional obsolescence correct answers d. functional obsolescence The four characteristics of land value are: a. utility, title, s...

transferability, utility, scarcity correct answers What are essential elements of value? increase in value correct answers A residential parcel of property is rezoned to commercial. The value of this parcel of property would most likely: the most probable price a property should bring correct ...

appraisal correct answers an estimate or opinion of value as of certain date appraisal report correct answers communication of a formal report appraisal standards correct answers the generally agreed upon practices for professional appraisers competency rule correct answers requires that ap...