CHAPTER 4 - SECTION 3 QUESTIONS WITH CORRECT ANSWERS 2025.

CHAPTER 4 - SECTION 3 QUESTIONS
WITH CORRECT ANSWERS 2025
AnKappraiser,KcompilingKaKneighborhoodKanalysis,KwouldKNOTKincludeKinformationKaboutKwhichKofKtheKfoll
owing:K-KcorrectKanswer-ethnicKcharacteristicsKofKtheKresidents



WhenKanKappraiserKassignsKvalueKtoKtheKrightsKtoKfutureKincome,KheKorKsheKisKmostKlikelyKusingKthe?K-
KcorrectKanswer-capitalizationKapproach




ValueKisKbestKdescribedKas?K-KcorrectKanswer-presentKworthKofKfutureKbenefits



WhichKofKtheKfollowingKprinciplesKofKvalueKwouldKaKrealKestateKsalespersonKconsiderKfirstKwhenKdoingKaKC
MAK(competitiveKmarketKanalysis)?K-KcorrectKanswer-theKprincipleKofKconformity



TheKperiodKofKtimeKoverKwhichKaKpropertyKgivesKbenefitKtoKitsKownerKisKcalled:K-KcorrectKanswer-
economicKlife



AKbuildingKbadlyKinKneedKofKcleaning,KpaintingKandKminorKrepairsKisKanKexampleKof:K-KcorrectKanswer-
physicalKdeteriorationK-Kcurable



AKbuyerKlookedKatKfourKsimilarKhousesKforKsaleKinKtheKsameKneighborhood.KTheKbuyerKpurchasedKtheKhous
eKwithKtheKlowestKaskingKprice.KTheKbuyer'sKdecisionKisKanKexampleKofKwhichKappraisalKprinciple?K-
KcorrectKanswer-substitution




DepreciationKforKappraisalKpurposesKisKtheKsameKasKdepreciationKforKtaxKpurposes.KT/FK-KcorrectKanswer-
False



FindingKaKpropertyKisKinKneedKofKaKreallyKgoodKpaintKjob,KanKappraiserKwouldKsayKthatKtheKpropertyKsuffersKf
rom:K-KcorrectKanswer-physicalKdeterioration



WhichKofKtheKfollowingKtypesKofKdepreciationKwouldKbeKleastKlikelyKtoKbeKcurable?K-KcorrectKanswer-
economicKobsolescence