BASIC APPRAISAL PRINCIPLES II CORE MARKET
ANALYSIS AND PROPERTY VALUATION
CONCEPTS REVIEW 2026
◉ Intended Use.
Answer: The use or uses of an appraiser's reported appraisal,
appraisal received, or appraisal consulting assignment opinions and
conclusions, as identified by the appraiser based on communication
with the client at the time of the assignment.
◉ Intended User.
Answer: The client and any other party as identified, by name or
type, as users of the appraisal, appraisal review, or appraisal
consulting report by the appraiser on the basis of communication
with the client at the time of the assignment.
◉ Scope of Work.
Answer: The type and extent of research and analyses in an
assignment
◉ Valuation Services.
,Answer: Services that pertain to different aspects of property
valuation, Valuation services are provided by appraisers and those
in other professions.
◉ USPAP.
Answer: Professional appraisal standards promulgated by The
Appraisal Foundation, and widely recognized throughout the US as
accepted standards of appraisal practice.
◉ Annexation.
Answer: Attaching personal property to land so the law views it as
part of real property
◉ Appropriative Rights.
Answer: Water rights allocated by government permit, according to
an appropriation system. It is not necessary to own property besides
the body of water to apply for an appropriation permit.
◉ Appurtenance.
Answer: A right that goes with ownership of real property. It is
usually transferred with the property but may be sold separately.
This is a legal term referring to both physical and nonphysical.
◉ Attachments.
, Answer: Things connected to the land, whether natural or man-
made. Man-made attachments are referred to as improvements
◉ Bundle of Rights.
Answer: All real property rights conferred with ownership
including, but not limited to, the right of use, right of enjoyment and
right of disposal.
◉ Demand.
Answer: The need or desire for specific good or service by others
◉ Doctrine of Emblements.
Answer: The rule that allows an agricultural tenant to re-enter land
to harvest crops if the lease ends (through no fault of the tenant)
before the crop can be harvested. This rule applies only to the first
crop. Tenant-owned crops are referred to as Emblements.
◉ Fixture.
Answer: A man-made attachment; an item of personal property that
has been attached to or closely associated with real property in such
a way that it legally becomes part of the real property. Major fixtures
are called Improvements.
◉ Fructus Industriales.
ANALYSIS AND PROPERTY VALUATION
CONCEPTS REVIEW 2026
◉ Intended Use.
Answer: The use or uses of an appraiser's reported appraisal,
appraisal received, or appraisal consulting assignment opinions and
conclusions, as identified by the appraiser based on communication
with the client at the time of the assignment.
◉ Intended User.
Answer: The client and any other party as identified, by name or
type, as users of the appraisal, appraisal review, or appraisal
consulting report by the appraiser on the basis of communication
with the client at the time of the assignment.
◉ Scope of Work.
Answer: The type and extent of research and analyses in an
assignment
◉ Valuation Services.
,Answer: Services that pertain to different aspects of property
valuation, Valuation services are provided by appraisers and those
in other professions.
◉ USPAP.
Answer: Professional appraisal standards promulgated by The
Appraisal Foundation, and widely recognized throughout the US as
accepted standards of appraisal practice.
◉ Annexation.
Answer: Attaching personal property to land so the law views it as
part of real property
◉ Appropriative Rights.
Answer: Water rights allocated by government permit, according to
an appropriation system. It is not necessary to own property besides
the body of water to apply for an appropriation permit.
◉ Appurtenance.
Answer: A right that goes with ownership of real property. It is
usually transferred with the property but may be sold separately.
This is a legal term referring to both physical and nonphysical.
◉ Attachments.
, Answer: Things connected to the land, whether natural or man-
made. Man-made attachments are referred to as improvements
◉ Bundle of Rights.
Answer: All real property rights conferred with ownership
including, but not limited to, the right of use, right of enjoyment and
right of disposal.
◉ Demand.
Answer: The need or desire for specific good or service by others
◉ Doctrine of Emblements.
Answer: The rule that allows an agricultural tenant to re-enter land
to harvest crops if the lease ends (through no fault of the tenant)
before the crop can be harvested. This rule applies only to the first
crop. Tenant-owned crops are referred to as Emblements.
◉ Fixture.
Answer: A man-made attachment; an item of personal property that
has been attached to or closely associated with real property in such
a way that it legally becomes part of the real property. Major fixtures
are called Improvements.
◉ Fructus Industriales.
