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McKissock Basic Appraisal Principles I Final Exam Questions with Correct Answers.
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McKissock Basic Appraisal Principles I Final Exam Questions with Correct Answers.
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McKissock Basic Appraisal Principles I Final ExamQuestions with Correct Answers
ASC (Appraisal Subcommittee) Correct Answer-The _____ has
oversight authority over state appraisal boards.
consideration, in writing and signed, and lawful objective Correct
Answer-Which of the below is a requirement of a valid real estate
contract?
capital Correct Answer-"The interaction of buyers and sellers who trade
long-term or intermediate-term money instruments" is the definition of
the _____________ market.
market study Correct Answer-An analysis of the market conditions of
supply, demand, and pricing for a specific property type in a specific
area" is the definition of
market Correct Answer-A gathering of people for the buying and selling
of things" is the definition of
real estate Correct Answer-Which of the following types of investments
has historically generated the highest return on investment?
except property rights Correct Answer-Real estate includes all of the
following EXCEPT
, Impartiality, objectivity, and independence Correct Answer-The
Conduct Section of the ETHICS RULE states, in part, that an appraiser
must perform assignments with
except assessors Correct Answer-All of the following could be
participants in a real property market EXCEPT
EDI, PDF Correct Answer-Twenty years ago, most appraisal reports that
were sent electronically were sent using _____ technology; today, most
appraisals are sent electronically using a _______ format.
not enough information to determine Correct Answer-A property is
owned as tenancy in severalty. How many owners are there?
cooperative Correct Answer-What type of property ownership is
characterized by the purchase of shares of stock in a corporation, which
provides a proprietary lease to occupy an apartment unit?
executory Correct Answer-A(n) __________ contract is one that is not
been fully performed or completed.
estimate, opinion Correct Answer-Modern definitions of the word
"appraisal" have replaced the word _______ with ________.
leased fee interest Correct Answer-The ownership interest held by the
lessor, which includes the right to receive the contract rent specified in
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