An appraiser must be - Study guides, Class notes & Summaries
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Superior School of Real Estate Final | 110 Questions With 100% Correct Answers.
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Which of the following would create legally binding acceptance of a written offer? -The seller's 
agent emails the buyer's agent that the seller signed the offer as written. 
A broker is preparing a comparative market analysis (CMA) for a subject property with 3200 square feet. 
A comparable property has 2750 square feet. The estimated value of 450 additional square feet is 
$22,500. The broker should... -Add $22,500 to the sales price of the comparable property. 
An option to purchase has bee...
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PA Appraisal License 16-20 Auto Physical Damage Questions & Answers Already Passed
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In PA, a consumer reporting agency may list all of the following information about a consumer EXCEPT: - 
Medical Information 
The device that synchronizes the spark plug firing sequence is: - Camshaft Sensor 
If an insured fail to report a claim in a timely fashion the adjuster will usually: - Send the insured a 
reservation of rights letter 
When using a dedicated bench fixture to measure a unibody with front-end damage, where should 
fixtures be placed? - Fixtures should be placed in the damag...
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Mckissock Residential Market Analysis and Highest & Best Use| 324 QUESTIONS| WITH COMPLETE SOLUTIONS
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A property owner constructs a six-car garage at a cost of $80,000. It only adds $40,000 in value to the property. What economic principle does this best demonstrate? CORRECT ANSWERS: Contribution 
 
What are the four agents of production? CORRECT ANSWERS: land, labor, capital, coordination 
 
The principle of contribution is most closely associated with: CORRECT ANSWERS: the Sales Comparison Approach (The contributory value of a given amenity is the public's perception of its actual contribu...
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FAC3702 ASSIGNMENT 1 SEMESTER 1 2024
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FAC3702 ASSIGNMENT 1 SEMESTER 1 2024 ... 100 % TRUSTED workings, 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 . 
 
FAC3702/2024/S1 
2 
KipKor Ltd is a sports shoe manufacturing company, situated in Mamelodi, Gauteng. 
The company has a 31 December year end. 
The following details relate to the assets of KipKor Ltd: 
Machine 
On 1 July 2022 Kipkor Ltd purchased a machine for an amount of R500 000. Included 
in the purchase consid...
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New York State Auto Damage and Theft Quiz 17-71 Correctly Answered 2024/2024
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New York State Auto Damage and Theft 
Quiz 17-71 Correctly Answered 
2024/2024 
Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to 
work. This "loss of use" is referred to as a: 
Direct loss 
Indirect loss 
Loss evaluation 
Consequential loss - CORRECT ANSWER-Consequential loss 
When the rear of the vehicle is damaged and there is a gap between the trunk lid and 
the quarter panel, what else on the vehicle should the appraiser check? 
The center...
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ASE B6 Test - Damage Analysis & Estimating Questions and Answers
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What is the difference between a unitized frame and a uni-body? - ANSWER-There is no difference. In a uni-body or unitized vehicle, the frame and body are incorporated into a single welded structure. 
 
Should exhaust damaged systems be welded and repaired, or replaced all together? - ANSWER-Replaced. Exhaust gases contain poisonous carbon monoxide and leaks could create dangerous conditions for passengers. 
 
The "Inside Out" sequence refers to... - ANSWER-Calculating Labor times 
 
SAI refer...
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Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024
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Principles of Real Estate 2 Champion Exam 
With 100% Correct Answers 2024 
What does D.U.S.T. stand for? - answerDemand, Utility, Scarcity, Transferability 
the percentage of value or sales price that a lender is willing to finance - answerLoan to 
Value Ratio (LTV) 
the value of a property is equal to the sum of the contributory value of each of its component 
parts. - answerprinciple of contribution 
the forces acting on a parcel of land are always affecting the value of the land - 
answerPRIN...
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45 Hour Post License Florida Exam with veried questions & 100% correct answers latest 2024 update graded A+
- Exam (elaborations) • 21 pages • 2024
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45 Hour Post License Florida Exam with veried questions & 100% correct answers latest 2024 update graded A+ 
The __________ prohibits discrimination based on race in the purchase, sale, or lease of real property. - ANSWER>>>Civil Rights Act of 1866 
Fair housing laws prohibit ______, ________, and _________. - ANSWER>>>Steering or Channeling, Blockbusting, Redlining 
absentee owners - ANSWER>>>owners who buy income property as investments and depend on professionals to...
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RECA Fundamentals Exam Questions and Answers Already Passed
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Provincial Legislature 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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Basic Appraisal Procedures – McKissock test questions with verified solutions 2024.
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Valuation process 
A systematic procedure used in the valuation of real property. 
 
Steps: 
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 three approaches (if applicable) 
 
7:Reconcile the estimated values into the final opinion of value 
 
8:Report the final opinion of value 
 
 
 
Client 
The party or parties who engage, by employment or contra...
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