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BASIC APPRAISAL PRINCIPLES- CH 7
Exam Questions And Answers |Latest 2025 |
Guaranteed Pass.
Absorption analysis - Answer✔a study of the number of property units that can be sold or
rented in the marketplace during a curtain period of time.
amenities - Answer✔tangible or intanible aspects of a property.
competitive supply - Answer✔properties available in the marketplace that a buyer would
accept as ready substitutes, since they share the same features and utility as the subject.
base companies - Answer✔the main companies and industries that bring new business and jobs
to the area.
economic base analysis - Answer✔a study of the present business and employment situation in
the area, conducted to determine the likelihood of continued stability, growth or decline.
feasibility study - Answer✔a study of the cost-benifit relationship of an economic endevor.
household - Answer✔a group of people living in one unit of housing.
market analysis - Answer✔the study of economic conditions in an area.
market - Answer✔a place where goods are exchanged, often between buyers and sellers.
1|Page
BASIC APPRAISAL PRINCIPLES- CH 7
Exam Questions And Answers |Latest 2025 |
Guaranteed Pass.
Absorption analysis - Answer✔a study of the number of property units that can be sold or
rented in the marketplace during a curtain period of time.
amenities - Answer✔tangible or intanible aspects of a property.
competitive supply - Answer✔properties available in the marketplace that a buyer would
accept as ready substitutes, since they share the same features and utility as the subject.
base companies - Answer✔the main companies and industries that bring new business and jobs
to the area.
economic base analysis - Answer✔a study of the present business and employment situation in
the area, conducted to determine the likelihood of continued stability, growth or decline.
feasibility study - Answer✔a study of the cost-benifit relationship of an economic endevor.
household - Answer✔a group of people living in one unit of housing.
market analysis - Answer✔the study of economic conditions in an area.
market - Answer✔a place where goods are exchanged, often between buyers and sellers.
1|Page
