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REE 4103 Ch 5 Quiz Questions with 100% correct answers | verified | latest update 2024 CA$11.16   Add to cart

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REE 4103 Ch 5 Quiz Questions with 100% correct answers | verified | latest update 2024

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REE 4103 Ch 5 Quiz Questions with 100% correct answers | verified | latest update 2024

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  • June 21, 2024
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REE 4103 Ch 5 Quiz
A client may request that the intended user not be identified in the appraisal report.
True
False - ANS-True

An appraisal of a property located in an old industrial area in which the appraiser
assumes that the property does not suffer from soil or groundwater contamination. In
other words, the appraiser analyzes the land as though the soild was not contaminated
for the purposes of the appraisal, even though the appraiser does not know for certain if
the soil is affected by a detrimental condition, is an example of:
Extraordinary assumption
Reasonable presumption
Detrimental uncertainty
Hypothetical condition - ANS-Extraordinary assumption

An appraiser's opinions and conlcusions for an appraisal assignment relate to:
A specific point in time that must be concurrent with the signing of the letter of
transmittal.
A range in time up to one month agreed upon by the intended user.
A specific point in time.
A range in time agreed upon by the intended user. - ANS-A specific point in time.

Extraordinary assumptions are:
presume untrue information to be factual
assumptions that are contrary to what is known to exist
assumptions that take into consideration extra analysis required by the market
Something that is believed to be true for the sake of the appraisal, but may or may not
in fact be true as of the effective date of the appraisal. - ANS-Something that is believed
to be true for the sake of the appraisal, but may or may not in fact be true as of the
effective date of the appraisal.

If a client requests that the intended user not be identified in the report, the appraiser
must include in the report that the identity of the intended user is being withheld upon
request.
True
False - ANS-True

If an appraiser presumes uncertain information to be factual, they are making:

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