Extraordinary assumption - Study guides, Class notes & Summaries

Basic Appraisal Procedures Final Exam with 100% Correct Answer. 8 Steps in the Valuation Process Correct Answer 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 Correct Answer ...

Appraisal Procedures - Mckissock Quiz Questions and answers already passedAppraisal Procedures - Mckissock Quiz Questions True or False: An appraiser's client must always directly engage the appraiser. - correct answer False A step-by-step procedure that can be applied to any type of appraisal assignment is - correct answer The valuation process True or False: The effective date of the valuation must be the date on which the appraiser inspected the subject property. - correct answer ...

Basic Appraisal Procedures Questions and Answers True or False: The effective date of the valuation must be the date on which the appraiser inspected the subject property. -Answer-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, whether past, present, or future. "An interest or interests in real estate" is the definition of -Answer-Real Property "An assignment-specific a...

Basic Appraisal Procedures Questions and Answers Rated A+ Assumption That which is taken to be true Effective Date The context for the appraiser's opinions and conclusions. Effective dates can be current, retrospective, or prospective Exposure Time Estimated length of time a property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal. Extraordinary Assumption An assumption, dir...

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? (Ans- 96.3 "The process of valuing a universe of properties as of a given date using standard methodology, employing common data, and allowing for statistical testing" is the definition of (Ans- mass appraisal What is the most common type of framing currently being used in new homes? (Ans- platform frame Fannie Mae re...

Valuation process (Ans- A systematic procedure used in the valuation of real property. Client (Ans- The party or parties who engage, by employment or contract, an appraiser in a specific assignment. Steps in Defining the problem (Ans- Identification and location of the real estate; Identification of the property rights; Definition of value; Purpose and intended use of the appraisal; Effective date of the opinion of value; Any special limiting conditions Real property (Ans- The i...

Basic Appraisal Procedures - Valuation process - correct answer A systematic procedure used in the valuation of real property. Client - correct answer The party or parties who engage, by employment or contract, an appraiser in a specific assignment. Steps in Defining the problem - correct answer Identification and location of the real estate; Identification of the property rights; Definition of value; Purpose and intended use of the appraisal; Effective date of the opinion of value; Any sp...

True or False: An appraiser's client must always directly engage the appraiser. correct answers False A step-by-step procedure that can be applied to any type of appraisal assignment is correct answers The valuation process True or False: The effective date of the valuation must be the date on which the appraiser inspected the subject property. correct answers False "An assignment-specific assumption, as of the effective date, which, if found to be false, could alter the appraiser's ...

Basic Appraisal Procedures Questions and Answers 100% Pass Assumption That which is taken to be true Effective Date The context for the appraiser's opinions and conclusions. Effective dates can be current, retrospective, or prospective Exposure Time Estimated length of time a property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal. Extraordinary Assumption An assum...

UWF: EDF 6225-Foundations of ABA (Exam 1) 141 Questions with Verified Answers Although most of you are preparing for the BACB certification exam, please know that the material is based on the work of ________ and his science and philosophy of human behavior. There are occasions where we may spend time on items that are no longer specifically required for the exam, but we feel are required to be an excellent behavior scientist. - CORRECT ANSWER B.F. Skinner The ________ is the only standard...