100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Basic Appraisal Procedures Final Exam 2024 Questions & Answers 100% Correct Verified CA$13.06   Add to cart
Quickly navigate to
Preview
  2.  
  3. Basic Appraisal
  4.  
  5. Basic Appraisal

Exam (elaborations)

Basic Appraisal Procedures Final Exam 2024 Questions & Answers 100% Correct Verified
 2 views  0 purchase
  • Course
  • Basic Appraisal
  • Institution
  • Basic Appraisal

Basic Appraisal Procedures Final Exam | 2024 Questions & Answers | 100% Correct | Verified The first step in the valuation process is - define the problem Appraisers are cautioned to identify the exact _______________ of market value, and its _______________, applicable in each appraisal compl...

[Show more]

Preview 2 out of 5  pages

Document information

  • June 11, 2024
  • 5
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • basic appraisal procedures final exam 2024 quest

Written for

  • Basic Appraisal
All documents for this subject (85)

Seller

avatar-seller
hov

Content preview

Basic Appraisal Procedures Final Exam |
2024 Questions & Answers | 100%
Correct | Verified
The first step in the valuation process is - ✔✔define the problem



Appraisers are cautioned to identify the exact _______________ of market value, and its
_______________, applicable in each appraisal completed for the purpose of market value. -
✔✔definition, authority



"Real property for which the expansion, redevelopment, or reuse of the real estate may be complicated
by the presence of environmental contamination that needs to be remediated to appropriate regulatory
standards " is the definition of - ✔✔Brownsfield



The ground rent capitalization method should only be used when appraising a property that is -
✔✔income-producing or suitable for income production



"The total period a building lasts or is expected to last..." is the definition of _________ life. - ✔✔physical



Parging is used on which kind of foundation wall? - ✔✔concrete block



When developing an appraisal, you calculate the following GRMs for comparable properties: 94.3, 90.1,
95.6, 109.2, 84.5, 100.7, 99.9. What is the median of the GRMs? - ✔✔95.6



The most complex method of site valuation is the _______________ method. - ✔✔subdivision
development



"Expenditures or allowances for items other than labor and materials that are necessary for
construction, but are not typically part of the construction contract" is the definition of - ✔✔indirect
costs

, It is common in appraisal reports to include a map that shows the location of the _______________. -
✔✔subject property and comparable sales



"The amount an entrepreneur expects to receive for his or her contribution to a project" is the definition
of - ✔✔entrepreneurial incentive



The intended user of an appraisal is the __________ and any other user, as identified by _________. -
✔✔client, name or type



What is another name for "indirect costs"? - ✔✔soft costs



What is the most common type of framing currently being used in new homes? - ✔✔platform frame



The cost approach formula states that reproduction or replacement cost new _______________,
_______________ equals property value. - ✔✔minus depreciation, plus site value



"A method used to convert an estimate of a single year's income expectancy into an indication of value
in one direct step, either by dividing the net income estimate by an appropriate capitalization rate or by
multiplying the income estimate by an appropriate factor " is the definition of - ✔✔direct capitalization



When measuring a condominium you should calculate ____ using _______ measurements. - ✔✔GLA,
interior



Early ductless heating systems were called - ✔✔gravity systems



The most common unit of comparison for land in rural areas is price per _______. - ✔✔acre



Which entity produces the most commonly-used land appraisal report form? - ✔✔It is a generic form



When describing roofing shingles, a "square" contains __________ square feet. - ✔✔100

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 hov. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$13.06. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79223 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$13.06
  • (0)
  Add to cart