- Study guides, Class notes & Summaries

Basic Appraisal Principles Ch 16: Market Analysis Exam Questions and Answers 100% Pass Market Analysis - A process for examining the demand for and supply of a property type and the geographic market area for the property type. Market area - The area associated with a subject property that contains its direct competition. Market Area Analysis - The objective analysis of observable and/or quantifiable data indicating discernible patterns of urban growth, structure, and change that may de...

Basic Appraisal Principles Ch. 16 Exam Questions and Answers 100% Pass Market analysis - the study of the supply and demand in a specific area for a specific type of property Real property Market - buyers and sellers of particular real estate and the transactions that occur among them Market Area - a property's markets area from which its demand is found and that contains its direct competition Market Area analysis (neighbor hood analysis) - analysis of observable and/ or quantifiabl...

Basic Appraisal Procedures 2020 CH 10 Exam Questions and Answers 100% Pass Discounted cash flow analysis is defined as: - "The procedure in which a discount rate is applied to a set of projected income streams and a reversion. The analyst specifies the quantity, variability, timing, and duration of the income streams as well as the quantity and timing of the reversion and discounts each to its present value at a specified yield rate." A gross rent multiplier (GRM) is defined as: - ...

McKissock - General Report Writing and Case Studies Exam Questions and Answers 100% Pass Appraisal - "(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 - 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. ...

MCKISSOCK BASIC APPRAISAL PRINCIPLES EXAM QUESTIONS AND ANSWERS 100% PASS 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 ass...

McKissock Basic Appraisal Principles I Final Exam Quiz Questions and Answers 100% Pass ASC (Appraisal Subcommittee) - The _____ has oversight authority over state appraisal boards. consideration, in writing and signed, and lawful objective - Which of the below is a requirement of a valid real estate contract? capital - "The interaction of buyers and sellers who trade long-term or intermediate- term money instruments" is the definition of the _____________ market. market study - An...

1100% Pass Guarantee Emily Charlene All Rights Reserved © 2025 MCKISSOCK CH 1 EXAM QUESTIONS AND ANSWERS 100% PASS one advantage of networking as a way of marketing yourself is that networking is the ONLY - way to market yourself for free what acronym used in cell phone contact lists should be place in front of the name of the person to be contacted when something goes wrong? - I.C.E " in case of emergency" what is the best weapon that you possess as a real estate professional? - ...

Residential Construction and the Appraiser Exam Questions and Answers 100% Pass What is the primary reason why appraisers make physical inspections of subject properties? - To gather information about the property's relevant characteristics An appraiser is looking to the USPAP publication for guidance and advice regarding the issue of subject property inspection. Where would you advise him or her to look? - Advisory Opinion 2 A client asks an appraiser to perform an appraisal on a pro...

Residential Property Inspection for Appraisers Exam Questions and Answers 100% Pass The primary reason for an appraiser to inspect a property is to gather information about the characteristics of the property that are ________ to its value. - Relevant A potential client asks an appraiser to perform an appraisal on a property without inspecting it. Which statement is TRUE regarding this situation? - USPAP permits an appraiser to appraise a property without inspecting it Why do most apprai...

Residential Inspection Property for Appraisers Exam Questions and Answers 100% Pass definition of inspection - 1. careful examination or scrutiny 2. the act of looking at something closely in order to learn more about it, to find problems, etc primary reason for inspection of a property - gather information about the characteristics of the property that are relevant to its value difference between home inspectors and appraisers - inspectors estimate the cost of certain repairs but appra...