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Basic Appraisal Principles Final Exam 2023 Updated up to date Already Passed 100%
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-partnertransferable development rightsship Property Owner A has the right to develop his property into 10 lots. He s...
- Exam (elaborations)
- • 9 pages •
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-partnertransferable development rightsship Property Owner A has the right to develop his property into 10 lots. He s...
McKissock - General Report Writing and Case Studies
Appraisal - correct answer-"(noun) The act or process of developing an opinion of value. an opinion of value; (adjective) of or pertaining to appraising and related functions such as appraisal practice or appraisal services."1 Report - correct answer-any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of an assignment. 2 Client - correct answer-"The party or parties who engage, by e...
- Exam (elaborations)
- • 125 pages •
Appraisal - correct answer-"(noun) The act or process of developing an opinion of value. an opinion of value; (adjective) of or pertaining to appraising and related functions such as appraisal practice or appraisal services."1 Report - correct answer-any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of an assignment. 2 Client - correct answer-"The party or parties who engage, by e...
McKissock Appraisal Procedures Actual Updated Questions and Answers 2024/2025 Verified 100%
A single unit residence sold for $126,000. It was rented for $1,100 per month but the market rent was $1,200. What is the GRM indicated by this sale? - correct answer-105.0 A building was constructed in July 2000 for $754,200. The cost index at that time was 133.6. The current cost index is 201.8. What is the indicated cost new of the building today? - correct answer-$1,138,842 Property that fronts on a lake is usually valued on a basis of price per - correct answer-front foot The most ...
- Exam (elaborations)
- • 16 pages •
A single unit residence sold for $126,000. It was rented for $1,100 per month but the market rent was $1,200. What is the GRM indicated by this sale? - correct answer-105.0 A building was constructed in July 2000 for $754,200. The cost index at that time was 133.6. The current cost index is 201.8. What is the indicated cost new of the building today? - correct answer-$1,138,842 Property that fronts on a lake is usually valued on a basis of price per - correct answer-front foot The most ...
McKissock Basic Appraisal Principles All Possible Questions and Answers 2024/2025 Already Passed 100%
An appraiser paid a referral fee in conjunction with an assignment. Which statement is TRUE regarding this situation, according to USPAP? - correct answer-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? - correct answer-Charge the agreed-upon fee regardless of whether the loan closed An a...
- Exam (elaborations)
- • 55 pages •
An appraiser paid a referral fee in conjunction with an assignment. Which statement is TRUE regarding this situation, according to USPAP? - correct answer-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? - correct answer-Charge the agreed-upon fee regardless of whether the loan closed An a...
McKissock Basic Appraisal Principles I Final Exam Quiz practice test 2024/2025 Questions with complete solutions
mckissock basic appraisal principles updated 2024 with complete solution Basic Appraisal All Procedures - McKissock 2024 with complete solution
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- • 3 items •
- McKissock Basic Appraisal Principles I Final Exam Quiz practice test 2024/2025 Questions with complete solutions • Exam (elaborations)
- mckissock basic appraisal principles updated 2024 with complete solution • Exam (elaborations)
- Basic Appraisal All Procedures - McKissock 2024 with complete solution • Exam (elaborations)
mckissock basic appraisal principles updated 2024 with complete solution Basic Appraisal All Procedures - McKissock 2024 with complete solution
mckissock basic appraisal principles updated 2024 with complete solution
grant deed - correct answer-deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser - correct answer-One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report - correct answer-any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of an assignment. narrative report - ...
- Package deal
- Exam (elaborations)
- • 19 pages •
grant deed - correct answer-deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser - correct answer-One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report - correct answer-any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of an assignment. narrative report - ...