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State Cert Exam AI Test Questions,CGA Exact Question & Answers Latest Updated.State Cert Exam AI Test Questions,CGA Exact Question & Answers Latest Updated.State Cert Exam AI Test Questions,CGA Exact Question & Answers Latest Updated.State Cert Exam AI Test Questions,CGA Exact Question & Answers La...

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  • August 29, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • state cert exam ai test questionscga exact questi
  • in preparing a market value appraisal with a retro
  • which of the following values would a bank request
  • which of the following demand side economic fact

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State Cert Exam AI Test Questions,CGA
Exact Question & Answers Latest Updated

In gpreparing ga gmarket gvalue gappraisal gwith ga gretrospective gdate gof gvalue, gis gthe
gappraiser gallow gto gconsider gany ginformation gafter gthe geffective gdate gof gvalue, gand
gwhy? g- gANS-Yes; gthe gappraiser gmay guse gdata gsubsequent gto gthe geffective gdate
gas ga gconfirmation gof gtrends.


Which gof gthe gfollowing gvalues gwould ga gbank grequest gfor ga gnew gloan gon gan
gestablished ghotel? g- gANS-Going gconcern gvalue


Which gof gthe gfollowing gdemand-side geconomic gfactors gcreates gvalue? g- gANS-
Desire g& geffective gpurchasing gpower

An gappraiser gconcluded ga gmarket-derived g9% goverall gcapitalization grate gwithin gthe
gincome gcap gapproach. gThe guser gof gthe gappraisal gasked gthe gappraiser gto grender
ga gsecond gvalue gbased gupon gthe guser's grequired g8.75% goverall grate. gWhat
gdefinition gof gvalue gapplies gto gthe gsecondary gvalue gconclusion? g- gANS-Investment
gvalue


Which gof gthe gfollowing gmethods gof gcost gestimating gis gthe gmost gcomprehensive
gand gaccurate? g- gANS-Quantity gsurvey


An gappraiser gis gcontacted gby ga gproperty gmanager gto gappraise ga glarge g& gcomplex
gnon-residential gproperty. gThe gproperty gmanager grequires gthe gappraiser gpay
g$3,000 gto gprocure gthe gassignment. gHow gcan gthe gappraiser gaccept gthe
gassignment g& gstill gcomply gwith gUSPAP? g- gANS-The gappraiser gmust gdisclose gthe
gthe gcommission gin gthe gcertification g& gany gletter gof gtransmittal gthat gincludes
gconclusions.


What gconstruction gclass gof gbuildings ghas gwood gor glight gsteel gframes g& groof
gstructures? g- gANS-Class gD


What gterm gdescribes gthe glump gsum gbenefit gan ginvestor greceives gupon gtermination
gof gan ginvestment gor gat gthe gintermediate ganalysis gperiod gduring gthe gterm gof gan
ginvestment? g- gANS-Reversion


A gstaff gappraiser, gemployed gby ga glocal gbank gfor g5 gyears, gplans gto gleave gthe
gbank gto gopen gan gindependent gappraisal gbusiness. gMust gthe gappraiser gremove gall
gwork gfiles gfor gassignments gcompleted gfor gthe gbank? g- gANS-No; gthe gappraiser
gmay gmake garrangements gwith gthe gbank gto gaccess gor gretrieve gthe gfiles.

,An gappraiser greceives gan gappraisal gassignment. gThe gappraiser ghas gnot gperformed
gany gservices gin gconnection gwith gthis gproperty gin gthe gpast gthree gyears. gWhat
gdisclosures gare grequired gunder gthe gUSPAP? g- gANS-The gappraiser gmust gdisclose
gin gthe greport's gcertification gthat gno gprior gservices ghas gbeen gperformed gin gthe glast
gthree gyears.


The gassignment gis gto gvalue ga g9,600 gsf gchurch gon ga g25-acre gsingle gfamily gparcel.
gResidential gland gis gcurrently gselling gfor g$55,000 gan gacre. gHowever, gdemand gfor
gnew gsingle-family gconstruction gis geight gyears gout gwith ga gdiscount grate gof g15%.
gSimilar gchurches ghave grecently gsold gfor gbetween g$50-$55 gsf. gWhat gtype gof gvalue
gis gillustrated? g- gANS-Market gvalue


A gparcel gin gthe gpath gof gdevelopment gis gzoned gfor ghigh-density gapartment guse. gIt
gcurrently ghas ga gsingle-unit gowner-occupied gdwelling gon gthe gsite. gThe
gimprovements gdo gnot grepresent gthe ghighest g& gbest guse gof gthe gsite gbut gthe
gcurrent guse gis glikely gto gcontinue guntil gcompeting gsites gare gdeveloped. gHow gis gthe
ghighest g& gbest guse gof gthe gsite gas gimproved gdescribed? g- gANS-Interim guse


Which ginfluence gon greal gestate gis gconsidered geconomic g- gANS-Extent gof gowner
goccupancy


In gwhat gpart gof gthe gappraisal greport gmust gprior gservices gbe gdisclosed? g- gANS-
Certification

What gtype gof gassignment gshould gbe gemployed gto gdetermine ggeneral gconditions gof
gsupply, gdemand, g& gpricing gfor ga gspecific gproperty gtype? g- gANS-Market ganalysis


The gsubject gproperty gis ga g6,000 gft gby g1,452 gft ghome gsite gwith ga gsingle-unit
gdwelling. gWhen gthe gsite gwas gplatted, gthere gwas gno gzoning. gThe gcurrent gzoning
grequires ga g160-acre gminimum gsite gsize gfor ga gresidence. gWhat gis gthe gstatus gof
gthe glot? g- gANS-Surplus gland


The gappraisal gassignment gof ga gbuilding gunder gconstruction grequires ga gvalue gas gof
gthe gdate gof gstabilized goccupancy. gWhat gvalue gis grequired, gand gwhat gassignment
gcondition gis gemployed? g- gANS-Prospective gmarket gvalue gand gextraordinary
gassumption


What gprinciple gdescribes gthe gability gof gan gindividual gor ggroup gto gparticipate gin ga
gmarket? g- gANS-Effective gdemand


What gterm grefers gto ga gdivision gof ga gtotal gmarket gbased gon gthe gpreferences gof
gbuyers g& gsellers? g- gANS-Submarket

, An gappraisal greport gallegedly gcontains gmisleading ginformation. gWhat gentity ghas gthe
gauthority gto gdetermine gif ga gviolation gof gUSPAP ghas goccurred? g- gANS-State
gappraiser gregulatory gagency


The gscope gof gwork gof gthe gassignment grequires gthe gdevelopment gof gan gopinion gof
gthe gleased gfee ginterest gin ga gcommercial gbuilding. gWhich ginterest gis gbeing gvalued?
g- gANS-Landlord


An gappraisal greview gassignment gincludes gthe gclient's grequest gthat gthe greviewer
geither gagree gwith gthe gappraiser's gvalue, gor gdisagree gand gconclude gthe greviewer's
gvalue gopinion gin gthe greport gas gof gthe gdate gof greview. gCan gthe gassignment gbe
gaccepted, gand gwhy? g- gANS-Yes; gthe greview gmay gdevelop gan galternative gvalue,
gbut gthe geffective gdate gmust gbe gthe gsame gas gthe gdate gof gthe gwork gunder greview.


When gpotential ghomebuyers ginvestigate gthe gzoning gof gnearby gproperties, gwhat
ginfluence gon gvalue gare gthey gconsidering? g- gANS-Governmental


What gforce gis grepresented gby gthe gmean gand gmedian ghousehold gincome glevel? g-
gANS-Economic


In gappraisal gassignment, gthe gdefinition gof gmarket gvalue gincludes gexposure gtime gas
ga gcomponent. gWhat gUSPAP grequirement gis grelevant gto gthis gassignment? g- gANS-
An gopinion gof greasonable gexposure gtime gmust gbe gdeveloped gand greported.

An gappraiser gwas gasked gto gupdate gan gappraisal gperformed gby ganother gappraiser
gwho gworks gat ga gdifferent gfirm. gMay gthe gappraiser gaccept gthis gassignment, gand
gwhy? g- gANS-Yes; gthe gappraiser gmay gprepare ga gnew greport gand gincorporate gthe
goriginal greport.


Which gof gthe gfollowing gtechniques gshould gbe gused gto gperform ga gqualitative
ganalysis? g- gANS-Ranking


What gtechnique gcan gbe gutilized gto gvalue ga gleasehold gestate? g- gANS-Present
gworth gof grent gadvantage


What gtype gof grisk gaffect goperating gincome gdue gto gshifts gin gdemand gand/or
gsupply? g- gANS-Market


An gattorney grequested gan goral gopinion gof gvalue gprior gto gthe gcompletion gof ga
gwritten gappraisal greport. gAt ga gminimum, gthe gsubstantive gmatters gof gwhich gof gthe
gfollowing greporting goptions gmust gbe gmet gin gthe goral greport? g- gANS-Restricted
gUse gAppraisal gReport


An gappraiser greceives gan gassignment gto greview gan gappraisal gsix gmonths gago. gIn
gthe gdevelopment gof gthe greview, gthe gappraiser ghad ggathered gthe gpertinent
ginformation gand gbegan gthe greporting gprocess. gWhich gof gthe gfollowing ginformation

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