Principles of Real Estate 2 Exam With 100% Correct Answers 2024

Principles of Real Estate 2 Exam With 100% Correct Answers 2024 The appraised value of a property is: A) The sale price B) An opinion of value C) A market analysis D) The market value of a property - answerB) An opinion of value For tax purposes the _______ is determined by the taxing authority. A) Assessed value B) Appraised value C) Market price D) Investment value - answerA) Assessed value In the appraisal report, the property being appraised is referred to as the ______ property. A) Target property B) Comparable property C) Sold property D) Subject property - answerD) Subject property To satisfy an unpaid promissory note, ______ is the legal procedure whereby the secured property may be sold. A) Underwriting B) Processing C) Foreclosure D) Regulation of lenders - answerC) Foreclosure Since they are responsible for enforcing federa