Mckissock

Sales Comparison Approach McKissock Class Question and answers already passed Sales Comparison Approach McKissock Class What is created in the mind of an individual or market participant? - correct answer Value What is the motivation of an individual, group of persons, or business entity involving the purchase of an item? - correct answer Desire As the term applies to appraisal, transferability refers to the number of goods and services that can be purchased with a unit of currency. (T...

Supervisor-Trainee Course for Ohio McKissock Question and answers 100% correct Supervisor-Trainee Course for Ohio McKissock Currently, what is the annual national registry fee per appraiser? - correct answer $40 The Dodd-Frank Act of 2010 requires the ASC to create and maintain a national registry of: - correct answer Appraisal management companies Which statement BEST describes The Appraisal Foundation? - correct answer It is a non-profit organization established for educational and ...

The Fundamentals of Appraising Luxury Homes Question and answers rated A+ The Fundamentals of Appraising Luxury Homes Which of the following is FALSE regarding most luxury home buyers? - correct answer They are attuned to current construction costs and will relinquish technology and amenities to save costs. Luxury homebuyers purchasing a luxury home as their primary residence are most likely to focus on: - correct answer Access to local employment opportunities, shopping, and recreationa...

USPAP McKissock Questions with complete solution USPAP McKissock Currently, the boards within The Appraisal Foundation include: - correct answer Appraisal Standards Board, Appraiser Qualifications Board, Board of Trustees Which Foundation board is responsible for USPAP? - correct answer Appraisal Standards Board (ASB) Which entity appoints members of the AQB and ASB? - correct answer Board of Trustees (BOT) Qualification criteria for appraiser certification and recertification are ...

General Market Analysis Highest & Best Use (McKissock) . Agents of Production -Correct Answer-The factors that combine to create value of developed real property; they include land, labor, capital, and entrepreneurial coordination; which is sometimes also called entrepreneurial profit. Central Business District (CBD) -Correct Answer-The center of an urban area is typically zoned for various uses such as retail, office, and residential. Further, in some areas, transportation starts & ends in ...

Residential Market Analysis and Highest & Best Use Questions And Answers The power of a given commodity to satisfy a need or want is called __________________. -Correct Answer-Utility The development of a vacant land area is _____________ the highest and best use of the land. -Correct Answer-Not Always The Consistent-Use Theory says the _______________ must all be valued considering the same highest and best use of the property -Correct Answer-Land and the Buildings ________________ in...

Residential Market Analysis and Highest & Best Use Questions And Answers 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 Answer-Contribution What are the four agents of production? -Correct Answer-land, labor, capital, coordination The principle of contribution is most closely associated with: -Correct Answer-the Sales Comparison Approach (The contributory value o...

Mckissock Residential Market Analysis and Highest & Best Use| 324 QUESTIONS| WITH COMPLETE SOLUTIONS The Consistent-Use Theory says the _______________ must all be valued considering the same highest and best use of the property -Correct Answer-Land and the Buildings ________________ involves subdividing the larger market into a workable study area. -Correct Answer-Market Identification The ________________ Cycle of a neighborhood is characterized by demand and supply trending toward equ...

Mckissock Residential Market Analysis and Highest & Best Use| 324 QUESTIONS| WITH COMPLETE SOLUTIONS 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 Answer-Contribution What are the four agents of production? -Correct Answer-land, labor, capital, coordination The principle of contribution is most closely associated with: -Correct Answer-the Sales Comparison Appro...

Which of these is NOT one of the four agents of production? Entreprenuerial coordination Materials Capital Labor - Materials What are the four agents of production? - Land, Labor, Capital, Entrepreneurial Coordination What entity is considered the authority on determining when the U.S. economy is in a recession? - National Bureau of Economic Research What is an early indicator of a declining market? - Rising vacancy rates How many quarters for a recession? - Two ...