McKissock Appraisal Procedures Actual Questions and Answers

McKissock Appraisal Procedures Actual Questions and Answers 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? 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? $1,138,842 Property that fronts on a lake is usually valued on a basis of price per front foot The most complex method of site valuation is the _______________ method. subdivision development The URAR sales comparison grid requires you to enter in the _________ age of the subject property and comparables. actual Which type of valuation analysis would typically NOT include a separate site valuation? gross rent multiplier When describing roofing shingles, a "square" contains __________ square feet. 100 An expansion tank is part of a ___________ heating system. hot water What type of framing became popular in the 1800s with the advent of the steam-powered sawmill? balloon frame A house is rented for $1,050 per month, but lacks air conditioning. Comparable houses with air conditioning rent for $1,100 per month. The appropriate gross rent multiplier is 85. By the capitalized value method, how much is the depreciation attributable to the lack of air conditioning? $4,250 Which was the earliest form of electrical wiring? knob and tube Keyways are employed in which type of foundation walls? poured concrete "The amount by which contract rent exceeds market rent at the time of the appraisal...." is the definition of __________ rent. excess The subject is a 15 ye