Maps and flood data Study guides, Class notes & Summaries
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BASIC APPRAISAL PROCEDURES MCKISSOCK WITH COMPLETE VERIFIED SOLUTIONS ALREADY GRADED A+
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Valuation Process 
Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value 
 
 
 
Appraisal Process 
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 opinion value 
8. report the final opinion 
 
 
 
 
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Basic Appraisal Procedures Study Guide
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Basic Appraisal Procedures Study Guide 
The appraiser -Answer-Who is responsible for identifying the intended use of an 
appraisal? 
Valuation process -Answer-A step-by-step procedure that can be applied to any type of 
appraisal assignment. 
No -Answer-Does an appraiser's client always have to directly engage him? 
False -Answer-The effective date of the valuation must be the date on which the 
appraiser inspected the subject property. 
Maximally productive -Answer-In highest and best use anal...
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Basic Appraisal Procedures Exam Questions With 100% Correct Answers 2024
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Basic Appraisal Procedures Exam Questions 
With 100% Correct Answers 2024 
T/F: The effective date of the valuation must be the date on which the appraiser inspected the 
subject property. - answerFalse 
"An interest or interest s in real estate" is the definition of: - answerReal property 
In highest and best use analysis, which criterion is applied LAST? 
physically possible 
legally permissible 
maximally productive 
financially feasible - answermaximally productive 
An appraiser is valuing...
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Basic Appraisal Procedures Exam Questions With 100% Correct Answers 2024
- Exam (elaborations) • 8 pages • 2024
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Basic Appraisal Procedures Exam Questions 
With 100% Correct Answers 2024 
T/F: The effective date of the valuation must be the date on which the appraiser inspected the 
subject property. - answerFalse 
"An interest or interest s in real estate" is the definition of: - answerReal property 
In highest and best use analysis, which criterion is applied LAST? 
physically possible 
legally permissible 
maximally productive 
financially feasible - answermaximally productive 
An appraiser is valuing...
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AFOQT - Vocabulary – Nouns with correct definitions
- Exam (elaborations) • 25 pages • 2023
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Aberration 
abnormality; deviation from the standard 
 
 
 
access 
approach or admittance 
 
 
 
accord 
agreement 
 
 
 
adage 
a proverb, wise saying (i.e. "too soon old, too late smart") 
 
 
 
adversary 
enemy 
 
 
 
advocate 
one who speaks in favor of or behalf of 
 
 
 
affluence 
wealth or abundance, lots of something 
 
 
 
agenda 
list of items to be accomplished 
 
 
 
alacrity 
cheerful willingness or ready to response, liveliness and eagerness 
 
 
 
alias 
the like, assumed name...
Too much month left at the end of the money?
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Basic Appraisal Procedures Exam Questions With 100% Correct Answers 2024
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
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- $11.49
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Basic Appraisal Procedures Exam Questions 
With 100% Correct Answers 2024 
T/F: The effective date of the valuation must be the date on which the appraiser inspected the 
subject property. - answerFalse 
"An interest or interest s in real estate" is the definition of: - answerReal property 
In highest and best use analysis, which criterion is applied LAST? 
physically possible 
legally permissible 
maximally productive 
financially feasible - answermaximally productive 
An appraiser is valuing...
-
Basic Appraisal Procedures - McKissock Exam Questions And Answers All Correct Basic Appraisal Procedures - McKissock Exam Questions And Answers All Correct
- Exam (elaborations) • 14 pages • 2023
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Basic Appraisal Procedures - McKissock Exam Questions And Answers All Correct 
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 ...
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Basic Appraisal Procedures, Basic Appraisal Procedures Exam Questions and Answers 2024
- Exam (elaborations) • 69 pages • 2024
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Basic Appraisal Procedures, Basic Appraisal Procedures 
Exam Questions and Answers 2024 
8 Steps in the Valuation Process -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 -Ans...
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Exam Topics - ADVANCED HIGHER GRAPHICS Questions With Complete Solutions
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WHAT IS CFD (COMPUTATIONAL FLUID DYNAMICS) correct answer: To predict how a 3D model would pass through a liquid or a gas 
 
Provides architects with info on placement of pictures and general layout of a building 
 
WHAT IS SPOT LIGHTING correct answer: Does not target objects 
Used to simulate light fixtures 
Cast a focused ray of light 
 
WHAT IS AMBIENT LIGHTING correct answer: Casts soft rays in every direction 
Has no directionality 
Emits no shadow on ground 
When rays past through win...
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Basic Appraisal Procedures – McKissock Exam 2024
- Exam (elaborations) • 18 pages • 2024
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Basic Appraisal Procedures – McKissock Exam 2024 
Valuation process -Answer-A systematic procedure used in the valuation of real 
property. 
Client -Answer-The party or parties who engage, by employment or contract, an 
appraiser in a specific assignment. 
Steps in Defining the problem -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 specia...
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