Appraisal Exam questions hondros final exam practice questions and answers
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Course
Hondros College- Real Estate
Institution
Hondros College- Real Estate
Appraisal Exam questions hondros final
exam practice questions and answers
The opinion of value in an appraisal report is valid - Answer️️ -as of the
effective date of the appraisal only
An appraisal report is NOT required to include - Answer️️ -The contract
price of the property
Whic...
Remaining economic life-60 years - Answer✔️✔️-$34,600
The single most important value factor is - Answer✔️✔️-Location
Which characteristics create value in real estate? - Answer✔️✔️-Scarcity and
utility
The four broad forces which affect value are - Answer✔️✔️-Economic,
governmental, social, and physical
A neighborhood's life cycle is an example of - Answer✔️✔️-Change
In analyzing a vacant size to estimate its value, the first step is to determine
- Answer✔️✔️-Its highest and best use
If a developer purchased a lot measuring 348' x 1,000' and the sale price
was $5,000 per acre, how much did the developer pay? - Answer✔️✔️-
$39,945
The data required for a site analysis includes
a. economic characteristics of the neighborhood and community
b. physical characteristics of the site
c. zoning information
d. all of the above - Answer✔️✔️-All of the above
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