Texas SAE: Real Estate Appraisal Exam review with Complete Solutions | Verified & Updated

Texas SAE: Real Estate Appraisal Exam review with Complete Solutions | Verified & Updated Transferability - Answer ️️ -Which value-influencing DUST factor addresses the ease with which the property can be conveyed to another? Present index ÷ Index at time of construction x Original cost = Present cost To arrive at the present cost, the appraiser applies a factor that represents the costs of construction over time up to the appraisal date (present index ÷ index at time of construction) multiplied by the subject building's original cost. - Answer ️️ -Which of the following formulas is used with the index method to find the reproduction cost? The same neighborhood - Answer ️️ -When possible, comparable sales from ______ should be used. A parcel of land, the structures on it, and shared common areas - Answer ️️ -Ownership in a planned unit development consists of ______. Unpaid taxes become a lien against the property. - Answer ️️ -In what way is taxation an inherent burden on private landownership? Deductible on her personal income tax returns As the resident in a cooperative, her share of mortgage interest and real estate taxes is deductible on personal income tax returns. - Answer ️️ -Bianca wants to buy a cooperative, but she's unsure that she can afford it. With a cooperative, her share of mortgage interest and real estate taxes will be ______. The appraiser, the lender, and the consumer - Answer ️️ -The Appraiser Independence Requirements protect which party or parties?