Bundle of Basic Appraisal Procedures Exam| Questions and Correct answers| Latest Update 2024

The appraiser -Who is responsible for identifying the intended use of an appraisal? Valuation process -A step-by-step procedure that can be applied to any type of appraisal assignment. No -Does an appraiser's client always have to directly engage him? False -The effective date of the valuation...

True or False: The effective date of the valuation must be the date on which the appraiser inspected the subject property. -FALSE In many cases, the effective date is the date the appraiser inspects the subject property. But that is not always the case. The effective date can be any date, wheth...

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 mean of the GRMs? -96.3 "The process of valuing a universe of properties as of a given date using standard methodology, employing common data, and a...

he most common heating systems in residential construction today are -hot water -heat pumps -forced warm air -electric radiant -hot water A _______________ home has a permanent steel chassis, wheels and axles. -panelized -modular -pre-cut -manufactured -manufactured

ch1 What is the first step in the valuation process? determine scope of work define the problem estimate land value gather, record, and verify data -define the problem ch1 True or False: There is one universal definition of market value used in real property appraisal. True False -false