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Exam (elaborations)

MCKISSOCK BASIC APPRAISAL PRINCIPLES I FINAL QUESTIONS WITH COMPLETE ANSWERS

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MCKISSOCK BASIC APPRAISAL PRINCIPLES I FINAL QUESTIONS WITH COMPLETE ANSWERS

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Uploaded on
April 6, 2025
Number of pages
26
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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A rancher owns six full sections plus three quarter sections. How many acres is that?


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4320

,A right or interest in property" is a(n)


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estate




USPAP defines _________ as the amount asked, offered, or paid for a property.


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price




The ______ maintains a National Registry of appraisers.


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ASC




In a particular market, there is a demand for 500 houses per year, and there are currently
1,500 houses for sale. What does this most likely indicate?


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, there is a three-year supply of homes currently for sale




What is a corporation or trust that functions like a mutual fund for real estate, by
combining the capital of many investors to acquire real estate?


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REIT (Real Estate Investment Trust)




A market analysis examines ____________ , where a marketability analysis examines ______________.


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a type of property, a specific property




Which two of the following would be private restrictions on property rights?


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deed restriction and mechanic's lien




All of the following could be participants in a real property market EXCEPT

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