Certified Pennsylvania Evaluator Exam (CPE) Solved 100% Correct!!
supply and demand
high demand low supply = increase
low demand high supply = decrease
intangible
cant be seen or touched
scope of work rule
problem to be solved
mine & perform the scope of work necessary to develop c...
Certified Pennsylvania Evaluator Exam (CPE)
Solved 100% Correct!!
supply and demand
high demand low supply = increase
low demand high supply = decrease
intangible
cant be seen or touched
scope of work rule
1.find problem to be solved
2.determine & perform the scope of work necessary to develop credible assignment results
3. disclose the scope of work in the report
base year
effective date of the appaisers opinion is on
ethic rule
1.an appraiser must promote & perserve the public trust
2.highest standards of professional ethics
3. conduct, managemant, confidentiality
appraiser must act competenty and in a manner that is
independent, impartial, objective
what does uspap stand for
uniform standards of the proffessional appraisal practice
5 parts of uspap
1.definition
2. rules
3. preamble
4. standards
5. statements
workfile
documents necessary to support amd appraisers opinion of value.
* all data collected to come to the value
value
present worth of future
valuation service
service peratining to aspect of property value
, signature
person accepting the responsibilty of content, analyses, conclusion
scope of work
research analysis in an appraisal or appraisal review assignment
* steps to get it done
report
communication, written or oral appraisal review transmitted to client
real property
real estate & all rights both tangible and intangible
the interest, benefits, and the rights inherent in the ownership of real estate
real estate
indentified parcel of land
price
the amount asked, offered, or paid for property
personal property
tangible objects, moveable items not affixed
mass appraisal model
mathematical expression
1 acre = _____ square feet
43,560
our deed descriptions are of
meets and bounds
mass appraisal
the process of valuing a universe of properties as of a given date using standard methology employing
common data and allowing for statistical testing
5 steps that make up market value
1.buyer seller motivated
2. both parties well informed
3.timely length on market
4. us cash
5. no special financing
market value dedfinition
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