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Real estate appraisal questions with right answers.
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Real estate appraisal questions with right answers.
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Real estate appraisal questions withright answers.
an appraiser ANS - renders an opinion of value
an appraisal is ANS - An opinion of value
the appraisal coursework required for a certified residential appraiser is ANS - 200 hours
appraiser qualifications that meet federal guidelines come from ANS - Appraiser Qualifications Board
the purpose of the uniform standards of professional appraisal practice (USPAP) is to ANS - enhance
public trust in appraisal
appraiser are licensed by ANS - the government of the state in which the subject property is located
The appraiser can accurately locate the property being appraised using ANS - Geographic Information
System (GIS)
the scope of work ANS - establishes what the appraiser should do in the assignment.
the appraisal coursework required by the AQB for a certified general real estate appraiser totals ANS -
75 hours
a certified appraiser is required for federally related transactions involving property valued at more than
ANS - $1,000,000
your purchased a home for $260,000. the value of the home has increased by 26%. what is the
approximate new value of the home? ANS - $327,600
, a house sits on a lot that is 65 ft by 110 ft. what is the area of the lot ? ANS - 7,150 sqft
a backyard measure 73 ft deep by 03 ft wide. how many feet of fence would be needed to fence the
backyard? ANS - 249 ft
Another word for avg is ANS - mean
extreme values in a data set are referred to as ANS - outliers
which of the following would be considered personal property ? ANS - child movable playhouse
a real property interest that converys a limited right of use or enjoyment, such as the right to travel over
a parcel of land is known as ANS - an easement
tenancy by the entirety is a form of ANS - martial properly ownership
condemnation of private property for public use is called the right of ANS - eminent domain
a landlord has ANS - a leased fee estate
"Four Unities" required for joint tenancy are ANS - time, title, interest, possession
real property includes ANS - all the these
a life estate is ANS - a present, possessory interest
the type of legal description used primarily in urban area is ANS - the lot and block system
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