MCKISSOCK USPAP CHAPTER 7 TRAINING COURSES QUESTIONS AND ANSWERS
6 views 0 purchase
Course
MCKISSOCK USPAP
Institution
MCKISSOCK USPAP
MCKISSOCK USPAP CHAPTER 7 TRAINING COURSES QUESTIONS AND ANSWERS
Standard Rule 1-4 (c) - Answer-(i) analyze such comparable rental data as are available and/or the potential earnings capacity of the property to estimate the gross income potential of the property;
(ii) analyze such comparable o...
MCKISSOCK USPAP CHAPTER 7
TRAINING COURSES QUESTIONS
AND ANSWERS
Standard Rule 1-4 (c) - Answer-(i) analyze such comparable rental data as are available
and/or the potential earnings capacity of the property to estimate the gross income
potential of the property;
(ii) analyze such comparable operating expense data as are available to estimate the
operating expenses of the property;
(iii) analyze such comparable data as are available to estimate rates of capitalization
and/or rates of discount; and
(iv) base projections of future rent and/or income potential and expenses on reasonably
clear and appropriate evidence
Standard Rule 1-4 (D) - Answer-When developing an opinion of the value of a leased
fee estate or a leasehold estate, an appraiser must analyze the effect on value, if any,
of the terms and conditions of the lease(s).
Standard Rule 1-4 (e) - Answer-When analyzing the assemblage of the various estates
or component parts of a property, an appraiser must analyze the effect on value, if any,
of the assemblage. An appraiser must refrain from valuing the whole solely by adding
together the individual values of the various estates or component parts.
Standard Rule 1-4 (f) - Answer-When analyzing anticipated public or private
improvements, located on or off the site, an appraiser must analyze the effect on value,
if any, of such anticipated improvements to the extent they are reflected in market
actions.
Standard Rule 1-4 (g) - Answer-When personal property, trade fixtures, or intangible
items are included in the appraisal, the appraiser must analyze the effect on value of
such non-real property items.
What requirements are included in Standard 1? - Answer-Requirements that are
specific to the development of real property appraisal assignments are found in
Standard 1
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 Perfectscorer. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
