MCKISSOCK BASIC APPRAISAL PRINCIPLES EXAMS COMPILATION BUNDLE 2023/24

promote and maintain, public trust The intent of USPAP is to ____________ a high level of __________ in professional appraisal practice. wage levels Which of the following would NOT be considered a governmental influence on value? Brainpower Read More Previous Play Next Rewind...

appraiser one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective report any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client upon completion Brainpower Read Mo...

The principal operators in the secondary mortgage market include pension funds, insurance companies, corporate investors Fannie Mae, Freddie Mac, Ginnie Mae Fannie Mae, Sallie Mae, Ginnie Mae FHA, VA, USDA Fannie Mae, Freddie Mac, Ginnie Mae True or False? Fannie Mae and Freddie Mac are ...

ASC (Appraisal Subcommittee) The _____ has oversight authority over state appraisal boards. consideration, in writing and signed, and lawful objective Which of the below is a requirement of a valid real estate contract? 5 Sanity-Saving Tips for Arguing on the Internet Previous Pl...

The principle of supply and demand states that the price of a commodity varies ________ with demand. proportionately directly independently none of the above directly According to the principle of supply and demand, the price of a commodity varies ___________ with supply. proportionatel...

McKissock - Basic Appraisal Principles- GA Ch.12 with complete solutions

McKissock - Basic Appraisal Principles- GA Ch.12 with complete solutions

6| Legal Description - a description of land that identifies real estate according to a system established or approved by law, an exact description that enables the real estate to be located and identified. - includes 3 common systems such as lot and block, metes and bounds, and rectangular surv...

The _____ has oversight authority over state appraisal boards. ASC (Appraisal Subcommittee) Which of the below is a requirement of a valid real estate contract? consideration, in writing and signed, and lawful objective Brainpower Read More Previous Play Next Rewind 10 seconds...

"The act of transferring an interest in property or some right (such as contract benefits) to another" is the definition of assignment novation codicil acceptance assignment What is the mean of the following set of gross rent multipliers? (95, 93, 120, 94, 93, 129) 93 94.5 101.5 10...

Taxes would be a(n) _____________ force affecting property values. social governmental physical environmental governmental Value is influenced by buyers only external market forces sellers only appraisers external market forces Brainpower Read More Previous Play Next R...

12| Taxes -if you have an income producing property, opoerty taxes will likely be apart of your operating expense. - Different types of taxes that affect your property value include country, town, state, sales, or income tax. 12| Business Taxes - state or local taxes has an impact on busin...

9| Market - mechanism for bringing together buyers and sellers - examples include the stock market, farmers market, used car market, bond market etc. 9| Supply & Demand - the amount of goods and services that are available for people to buy compared to the amount of goods and services that...

Valuation Process Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value Appraisal Process 1. Define Problem 2. Determine scope of work 3. Gather Record & verify dat 4. determine highest and best use 5. estimate land value ...