General appraiser exam - Study guides, Class notes & Summaries

Aceable Agent - Principles of Real Estate II Exam 2023 with 100%Correct Answers. TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - correct answer -Formulas to calculate commission? PRINCIPAL - correct answer -What is the term that describes the money that is lent? CASH TO CLOSE - correct answer -Down payment minus earnest money? TOTAL SALES PRICE - correct answer -Loan payment + loan principal? ORIGINATION POINTS - correct answer -Loan points/fees charged 1% to ...

Basic Appraisal Procedures Exam Questions and Answers 2024/2025 (100% Correct) Valuation process A systematic procedure used in the valuation of real property. Client The party or parties who engage, by employment or contract, an appraiser in a specific assignment. Steps in Defining the problem 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 s...

Basic Appraisal Procedures Exam Questions and Answers Assumption -Answer-That which is taken to be true Effective Date -Answer-The context for the appraiser's opinions and conclusions. Effective dates can be current, retrospective, or prospective Exposure Time -Answer-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 Assu...

Aceable Agent - Principles of Real Estate II Exam 2023 with 100%Correct Answers. TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - correct answer -Formulas to calculate commission? PRINCIPAL - correct answer -What is the term that describes the money that is lent? CASH TO CLOSE - correct answer -Down payment minus earnest money? TOTAL SALES PRICE - correct answer -Loan payment + loan principal? ORIGINATION POINTS - correct answer -Loan points/fees charged 1% to ...

Real Estate Appraisal Questions and Answers Graded A+ FIRREA—Financial Institutions Reform, Recovery, and Enforcement Act of 1989 -Required banks to get appraisals on most properties. -Required that certified appraisers be used to perform appraisals -Required that states follow Appraisal Foundation requirements in order to certify appraisers. Real Estate a particular piece of land and anything that is permanently attached to it. Real Estate appraisal an opinion of value for a piece of land...

Exam Prep (McKissock) Questions with correct Answers What does not include physical mobility, but rather the control and possession of all the rights of ownership? Purchasing Power If an appraiser is valuing real property by sales comparison, whose actions is he or she LEAST likely to consider? Government Agencies Which value characteristic implies the presence of a need or demand, which considers the monetary power to fill that need? Desire The rights and benefits inher...

Basic Appraisal Procedures Exam Questions and Answers Assumption -Answer-That which is taken to be true Effective Date -Answer-The context for the appraiser's opinions and conclusions. Effective dates can be current, retrospective, or prospective Exposure Time -Answer-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 Assu...

General Appraiser Sales Comparison Approach Exam Questions Containing 69 terms with Definitive Solutions 2024

Residential Market Analysis and Highest & Best Use Exam - Q & A The owner of a unit in a _________________ owns stock in a corporation that owns the real estate. Cooperative Which stage of the life cycle does not happen in every neighborhood or property? Renewal Which form of ownership allows for unequal ownership shares? tenants in common If a property has significant liens or clouds on the title, and the owner is unable to sell it because of these issues, the property can be said to lack ___...

State Portion Real Estate Exam Questions and Answers Already Passed Not psychologically affected if Reputation of haunted ghost Operate INDIANA property management firm outside of the broker company What is Correct ? Broker me do with formal approval of original managing broke Listing agreement should be delivered to Owner Upon signing Broker hires interactive broker to conduct open house The broker may face disciplinary action for incompetent practice Broker a discovers a former buyers clie...