Basic appraisal - Study guides, Class notes & Summaries

This document contains workings, explanations and solutions to the MAC3703 Assignment 2 (QUALITY ANSWERS) Semester 1 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4..... QUESTION 1 (20 MARKS) DNF Waste & Environmental Services (DNF) is an Environmental Management and Waste Management Services Company that was created in 2008. It is one of the leading waste and environmental management service providers in South Africa. DNF is a 100% Black woman owned business and is a Level 1 Value Add...

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Basic Appraisal Procedures- FINAL EXAM Q's With 100% Correct Solutions.

In the highest and best use analysis, when an appraiser is evaluating the land as though vacant, what is one of the four criteria the appraiser will evaluate? (Ans- the physical possibility of an intended use the appraiser's collection of supply and demand data has application to what areas of the data collection process? (Ans- both market area data and comparable property data In the appraiser's data collection process that involves a market value assignment, which of the following ...

Mckissock Basic Appraisal Principles I Final Exam Questions With 100% Correct Answers 2024

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

McKissock Basic Appraisal Principles All Possible Questions and Answers 100% Solved An appraiser paid a referral fee in conjunction with an assignment. Which statement is TRUE regarding this situation, according to USPAP? The appraiser must disclose that a fee was paid, but does not have to disclose the amount paid. An appraiser finds out after completing an appraisal that the lender/client's loan did not close. What should the appraiser do regarding the appraisal fee? Charge the agr...

Basic Appraisal Procedures – McKissock Exam Already Passed!!

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...

Basic Appraisal Procedures Complete Final Exam ...

Basic Appraisal Principles WITH MOST CORRECT ANSWERS 2023/2024