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Unit 1 The Appraisal Process and Valuation Approaches Questions with answers. $10.49   Add to cart

Exam (elaborations)

Unit 1 The Appraisal Process and Valuation Approaches Questions with answers.

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  • Course
  • ASA - Accredited Senior Appraiser
  • Institution
  • ASA - Accredited Senior Appraiser

Unit 1 The Appraisal Process and Valuation Approaches Questions with answers.

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  • October 22, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ASA - Accredited Senior Appraiser
  • ASA - Accredited Senior Appraiser
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Professorkaylee
Unit 1 The Appraisal Process and
Valuation Approaches Questions with
answers.

Identifying the purpose of the appraisal leads the appraiser to do what next? ANS - Identify data
needed



How many approaches do appraisers generally use to determine value? ANS - Three



Which appraisal approach is likely the best choice for appraising a movie theater? ANS - Cost



The ______ measures the cost to reproduce a property, including land acquisition and construction
costs. ANS - Cost approach



An appraiser considers several factors when selecting comparable properties as part of the sales
comparison approach, including whether they are similar in location, size, and features to the subject
property. Which of these factors will also be a consideration? ANS - Financing terms



What standards do appraisers follow? ANS - Uniform Standards of Professional Appraisal Practice



The income approach to valuation is used ______. ANS - For some single-family houses and two- to
four-family units



Tim, an appraiser, is using the cost approach to determine property value. Which of the following
property types is Tim most likely appraising? ANS - Newly built commercial property



Why isn't the cost approach usually used to determine the value of older properties? ANS - It's difficult
to accurately estimate depreciation with an older property.

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