Mckissock

McKissock - General Report Writing and Case Studies with 443 verified questions and answers exam

General Market Analysis Highest & Best Use (McKissock) with 186 questions and answers update

McKissock-3 Residential Sales Comparison and Income Approach with 77 questions and answers

Review Quiz (McKissock HBU & Market Analysis) with 155 questions and answers exam.d

Agents of Production 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) 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 the CBD since it is the central location for employment. Consumption A common concept i...

The power of a given commodity to satisfy a need or want is called __________________. Utility The development of a vacant land area is _____________ the highest and best use of the land. Not Always The Consistent-Use Theory says the _______________ must all be valued considering the same highest and best use of the property Land and the Buildings ________________ involves subdividing the larger market into a workable study area. Market Identification The ________________ Cycle of a ...

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? Contribution What are the four agents of production? land, labor, capital, coordination The principle of contribution is most closely associated with: the Sales Comparison Approach (The contributory value of a given amenity is the public's perception of its actual contribution to value when considering the overall value of th...

15-hour National USPAP Course - McKissock Question and answers verified to pass15-hour National USPAP Course - McKissock USPAP contains what 4 sections? - correct answer 1) The Preamble 2) Definitions 3) Rules 4) Standards USPAP Provides... - correct answer 1. A common basis for comparison 2. A reference source for all users of the document 3. A basis for uniform enforcement for state regulatory agencies 4. A reason for clients, other intended users, and the public to place their t...

Appraisal Procedures - Mckissock Quiz Questions and answers already passedAppraisal Procedures - Mckissock Quiz Questions True or False: An appraiser's client must always directly engage the appraiser. - correct answer False A step-by-step procedure that can be applied to any type of appraisal assignment is - correct answer The valuation process True or False: The effective date of the valuation must be the date on which the appraiser inspected the subject property. - correct answer ...

Basic Appraisal Principles Final Exam Question and answers 100% correct Basic Appraisal Principles Final Exam In a particular market, there is a demand for 500 houses per year, and there are currently 1,500 houses for sale. What does this most likely indicate? - correct answer there is a three-year supply of homes currently for sale "A business arrangement in which two or more persons jointly own a business and share in its profits and losses" is the definition of - correct answer part...