Basic Appraisal Procedures Chapter 2 Exam Questions and Answers 100% Pass
General data is defined as - Answers "Items of information on value influences that derive from social, economic, governmental, and environmental forces and originate outside the property being appraised."
General data con...
General data is defined as - Answers "Items of information on value influences that derive from social,
economic, governmental, and environmental forces and originate outside the property being
appraised."
General data concerns: - Answers influences that are a little further removed from a subject property.
General data tends to influence all properties in an area equally.For example, the tax rates in a town
impact equally across the board on all properties in that taxing jurisdiction
The definition of general data refers to: - Answers the four main categories of external market forces :
social, economic, governmental, and environmental. It also reiterates that these forces originate outside
the subject property.
Specific data is defined as: - Answers "Details about the property being appraised, comparable sale and
rental properties, and relevant local market characteristics."
Specific data is more: - Answers direct and applies specifically to the subject of your appraisal
assignment.We need to gather specific information about the subject property
Sources of general data will vary: - Answers from area to area.
Sources of General Data: - Answers 1. Government
2. Trade associations
3. Utility companies
4. School districts
5. Universities
6. Departments of transportation
7. Planning boards
8. Multiple listing services
9. Chambers of commerce
Government data sources are found: - Answers on all levels of government: national, state, county, and
local.
the largest repository of demographics: - Answers www.census.gov
people, housing, and businesses.
This site is the portal to more than 200 federal agencies: - Answers www.usa.gov
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