Real estate appraisal - Study guides, Class notes & Summaries

What is appraisal? - The act or process of developing an opinion of value of an asset What is USPAP? - Uniform Standards of Professional Appraisal Practice What is real estate? - An identified parcel or tract of land, including imporvements, if any. The physical land and appurtenances affixed to the land What is real property? - The interests, benefits, and rights inherent in the ownership of real estate (land, buildings, fixtures) What is the total range of private owneership intere...

Farming - correct answer Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - correct answer - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with options to purchase all or a portion of improved property of four or fewer residential units...

HRM2604 Assessment 5 Full Solutions Semester 2 2024 - DUE 29 October 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... Read the scenario below and then answer the questions that follow. Remember that your answers should relate to the information provided. PERFORMANCE THAT SELLS Oliver King works at a large real estate agency called Red Arrow. The agency has been in business for ...

FIRREA—Financial Institutions Reform, Recovery, and Enforcement Act of 1989 - correct answer -Required banks to get appraisals on most properties. -Required that certified appraisers be used to perform appraisals -Required that states follow Appraisal Foundation requirements in order to certify appraisers. Real Estate - correct answer a particular piece of land and anything that is permanently attached to it. Real Estate appraisal - correct answer an opinion of value for a piece of...

McKissock Basic Appraisal Principles I Final Exam Quiz 100% Solved 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 "The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. capital An analysis of the market conditions of supply, demand...

Which of the following is usually defined as the most probable price a property would bring in normal market conditions? correct answers Market value The Appraisal Foundation includes which of the following independent boards? correct answers The Appraisal Standards Board Appraisals are usually required whenever property is: correct answers bought or sold. In 2010, the government's solution to the disintegration of the housing market and financial crisis was to enact the: correct answe...

Mario's investment in a home in an older neighborhood is paying off now that the old post office next door has been converted to a recreational open space. correct answers Change Jane owns an empty warehouse. She's contemplating whether she stands to profit more by keeping the industrial property or converting it to residential condominiums. correct answers Highest and Best Use "Last year, we could have sold for $20,000 more, but there just aren't enough buyers in the current market,"...

McKissock Liberty University -Real estate appraisal principles and procedures with verified solutions REAL ESTATE Is the physical land and improvements Real property Is "the interest, benefits, and rights inherent to the ownership of real estate". These include the land, anything permanently attached or affixed to the land, anything incidental or appurtenant to the land, and anything immovable by law. Bundle of rights Bundle of rights include the rights to use, enjoy, excl...

REAL ESTATE APPRAISAL EXAM 1 2024 WITH 100% CORRECT ANSWERS Which of the following is not a test of a fixture? - correct answer The cost of the object The bundle of rights include all except - correct answer The right to exclude yourself from property taxes When title to property reverts to the state because the owner left no will or heirs, this is known as the governments right of - correct answer Escheat Condemnation of private property for public use is called the right of: - co...

WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." An appra...