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McKissock Liberty University -Basic Appraisal Procedures - McKissock correctly answered
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McKissock Liberty University -Basic Appraisal Procedures - McKissock correctly answeredValuation 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...
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McKissock Liberty University -Basic Appraisal Procedures Chapter 12 - Comprehensive Review Quiz updated already passed
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McKissock Liberty University -Basic Appraisal Procedures Chapter 12 - Comprehensive Review Quiz updated already passedA property has a cost new of $350,000. It has an effective age of 20 years and a total expected economic life of 65 years. There are curable items totaling $45,000. If they are cured, it will reduce the effective age to 15 years. What is the value of the improvements on a modified age-life basis, before including the site value? - correct answer $234,545 
 
$350,000 - $45,000 = $...
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McKissock Liberty University -Basic Appraisal Procedures McKissock questions with correct answers
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McKissock Liberty University -Basic Appraisal Procedures McKissock questions with correct answersValuation Process - correct answer Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value 
 
Appraisal Process - correct answer 1. Define Problem 
2. Determine scope of work 
3. Gather Record & verify dat 
4. determine highest and best use 
5. estimate land value 
6. est. value by all three approaches 
7. Reconcile est. value into final o...
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McKissock Liberty University -Chp.1 Basic Appraisal Principles, McKissock questions with complete solutions
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Chp.1 Basic Appraisal Principles, USPAP defines an appraiser as.... - correct answer one who performs valuation services in a manner that is independent, impartial, and objective. 
 
FIRREA stands for - correct answer Financial Institutions Reform, Recovery, and Enforcement Act of 1989 
 
What is one of the first things an appraiser must do when accepting an assignment? - correct answer Identify client and intended users, identify intended use of the appraiser's opinions/conclusions 
 
An appra...
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McKissock Liberty University -McKissock - Basic Appraisal Principles- GA Ch.10 fully solved
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McKissock Liberty University -McKissock - Basic Appraisal Principles- GA Ch.10 fully solvedWhich of the following typically incurs the highest burden of management? 
savings account 
money market 
certificate of deposit 
real estate - correct answer real estate 
 
True or False? Stocks are considered a good investment because the return OF your investment is guaranteed. - correct answer False 
 
You are an investor who owns a parcel of real property. You want to cash out your investment, and it ...
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McKissock Liberty University -McKissock - General Report Writing and Case Studies fully solved
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McKissock Liberty University -McKissock - General Report Writing and Case Studies fully solvedAppraisal - correct answer "(noun) The act or process of developing an opinion of value. an opinion of value; (adjective) of or pertaining to appraising and related functions such as appraisal practice or appraisal services."1 
 
Report - correct 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 co...
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McKissock Liberty University -McKissock Appraisal Procedures question n answers graded A+
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McKissock Liberty University -McKissock Appraisal Procedures question n answers graded A+A single unit residence sold for $126,000. It was rented for $1,100 per month but the market rent was $1,200. What is the GRM indicated by this sale? - correct answer 105.0 
 
A building was constructed in July 2000 for $754,200. The cost index at that time was 133.6. The current cost index is 201.8. What is the indicated cost new of the building today? - correct answer $1,138,842 
 
Property that fronts on ...
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McKissock Liberty University -McKissock Basic Appraisal Principles I Final Exam Quiz with answers
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McKissock Liberty University -McKissock Basic Appraisal Principles I Final Exam Quiz with answers ASC (Appraisal Subcommittee) - correct answer The _____ has oversight authority over state appraisal boards. 
 
consideration, in writing and signed, and lawful objective - correct answer Which of the below is a requirement of a valid real estate contract? 
 
capital - correct answer "The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definitio...
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McKissock Liberty University -mckissock basic appraisal principles well solved
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McKissock Liberty University -mckissock basic appraisal principles well solved
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McKissock Liberty University -McKissock Basic Appraisal Principles questions with answers rated A+
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McKissock Liberty University -McKissock Basic Appraisal Principles questions with answers rated A+grant deed - correct answer deed containing, or having implied by law, some but not all of the usual covenants of title 
 
Appraiser - correct answer One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. 
 
report - correct answer any communication, written or oral, of an appraisal or appraisal review that is transmitted to the c...
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