Exam (elaborations)
Bellas Microbiology Exam II With 100% Verified Solutions | Updated & Verified | 2024
- Course
- Institution
Bellas Microbiology Exam II With 100% Verified Solutions | Updated & Verified | 2024
[Show more]
Content preview
Basic Appraisal Principles Final ExamQuestions and Answers 100% pass | graded
A+
When appraising an income producing property, you have the following GRMs indicated from comparable
sales (122, 159, 132, 126, 122, 173, 152, 126). What is the median of the GRMs? - ✔✔129
"A development right that cannot be used by the landowner, or that the owner chooses not to use, but
can be sold to landowners in another location" are called _____________ rights. - ✔✔transferable
development
The Conduct Section of the ETHICS RULE states, in part, that an appraiser must perform
assignments with - ✔✔Impartiality, objectivity, and independence
The four components of the Appraiser Qualification Criteria are: - ✔✔qualifying education,
examination, experience, continuing education
Which of the below is a requirement of a valid real estate contract? - ✔✔all of the above
USPAP defines _________ as the amount asked, offered, or paid for a property. - ✔✔price
"The act of transferring an interest in property or some right (such as contract benefits) to another"
is the definition of - ✔✔assignment
"The study of the cost-benefit relationship of an economic endeavor" is the definition of -
✔✔feasibility analysis
Your property, which consists of a house on a lot, is valued at $186,000. You want to insure it for 80% of
value. Insurance will cost $6.00 per thousand per year. How much will your insurance cost per month? -
✔✔$74.40
, A client asks an appraiser to omit the client's identity from the appraisal report. What can the appraiser
do? - ✔✔omit the client's identity from the report but identify the client in the workfile
The primary purpose of USPAP is to protect - ✔✔public trust
Which is the fullest and most complete type of estate? - ✔✔fee simple
"A mortgage in which the interest rate may move up or down, following a specified schedule or in
accordance with the movements of a standard or index to which it is tied" is the definition of a(n)
______________ mortgage. - ✔✔adjustable rate
Transportation would be an example of a(n) __________ force affecting property values. -
✔✔governmental
"In appraisal, the concept that a higher-priced property will be worth less in a lower-priced
neighborhood than it would in a neighborhood of comparable properties" is the definition of the
principle of - ✔✔regression
"A right or interest in property" is a(n) - ✔✔estate
"A value that cannot be imputed to any part of the physical property, e.g., the excess value attributable
to a favorable lease or mortgage, the value attributable to goodwill" is the definition of ____________
value. - ✔✔intangible
What is the median of these numbers: 19, 11, 64, 36, 81, 22, 35, 95? - ✔✔35.5
The general rule of contracting with minors is that a contract with a minor is - ✔✔voidable at
the minor's option
"The geographic region from which a majority of demand comes and which the majority of the
competition is located" is the definition of - ✔✔market area
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Examsplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.24. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81989 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now