Appraisal reviews - Study guides, Class notes & Summaries

Mckissock Basic Appraisal Principles Exam Questions and Answers Latest Update 2024/2025 Graded A+. grant deed - ANSWER deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser - ANSWER One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report - ANSWER any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authori...

mckissock basic appraisal principles exam questions and answers grant deed -Answer-deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser -Answer-One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report -Answer-any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of...

McKissock Basic Appraisal Principles | 519 QUESTIONS With Answers Latest 2024/2025 Graded A+. The primary purpose of USPAP is to protect CORRECT ANSWERS: public trust Normally the first step in highest and best use analysis is to research the uses that are CORRECT ANSWERS: legally permissible An appraiser is appraising a property with two structures on one tract of land. The client asks the appraiser not to mention the second structure, as it is in poor condition. Which statement is TRUE re...

grant deed - deed containing, or having implied by law, some but not all of the usual covenants of title 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 or a party authorized by the client upon completion of an assignment. narrative report - A written communication of the re...

Property Tax Consultant Exam Questions and Answers Already Passed Describe how market trends influence property tax assessments. Market trends influence property tax assessments by reflecting changes in supply and demand, economic conditions, and buyer behavior, which can lead to adjustments in property values for tax purposes. What are the common steps involved in the property tax appeal process? Common steps in the property tax appeal process include filing a notice of protest, p...

The scope of work of an appraisal review assignment can involve: A. Checking the mathematical accuracy B. Determining regulatory compliance C. Developing an opinion of value D. All of the above - Answer- D In the case study, you were presented with a review assignment in a state in which you are not licensed. Which of the following statements is true regarding this assignment? A. You are unable to accept a review assignment on a property located in a state where you are not licensed ...

Basic Appraisal Procedures Questions and Answers 100% Correct 8 Steps in the Valuation Process 1) Define the problem 2) Determine scope of work 3) Gather, record and verify the data 4) Determine the highest and best use 5) Estimate the land value 6) Estimate value by each of the 3 approaches (if applicable) 7) Reconcile the estimated values into the final opinion of value 8) Report the final opinion of value Defining the Problem: 6 Sub-steps within -Identification and location of the real estat...

Principles of real estate II (Champions) Latest 2024 Already Passed Functional obsolescence Refers to the loss in desirability of the style, layout or function of an element of a property over time Sales comparison best indicator of value for existing properties highest and best use the legal use for property that gives the greatest return in money and/or amenities external obsolescence the loss in value of a property caused by factors outside the property itself principle o...

Which statement provides the basic justification for zoning? A. There must be regulations in place to prevent pollution B. The government does not want to encourage land development C. The inappropriate use of one's property may affect the value of another D. Professional planners want to control development - Answer- C. The inappropriate use of one's property may affect the value of another What is the rationale behind government planning of real estate development? A. To manage futu...

The two major principles that describe the competitive advantage that a business has are perceived customer value and uniqueness. - Answer-True Validated selection and promotion systems are related to lower productivity and high costs. - Answer-False 360 degree performance appraisal and feedback is a form of multi-source performance appraisal and feedback. - Answer-True Quantitative reviews, also known as meta-analyses are used to evaluate the effectiveness of HRM methodology. - Answer-...