How might an appraiser guard against inaccurate data being used in a market analysis?
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Verify data, to the extent it is possible
,Revitalization, upturn, or recovery
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Occurs in a life cycle after a decline & before the growth cycle occurs again.
Revitalization may occur due to rehabilitation and/or renovation as an area
undergoes gentrification
Logarithmic Trendline
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A best-fit curved line when the rates of change in the data increase or
decreases then plateaus. This type of trendline can be used for BOTH
negative & positive values.
Frequency distribution
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Uses both qualitative & quantitative data placed in a table that summarizes
groups of data & observations divided into specific classes & the number of
occurrences in each class.
Variance
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A variance is a special request to a governmental department, such as a
planning commission, that a property owner submits for a purpose outside of
the current zoning regulations. Sometimes, the current zoning regulations
cause enforcement of unnecessary hardship to the owner and/or his or her
tenants. Unlike a legal non-conforming use, which was established before the
zoning classification & is generally permitted to continue indefinitely, a
variance usually applies to a single owner, for a specific purpose.
In most cases, a potential buyer of the property who wishes to continue the
current use would need to make his or her own application for a variance.
Measures of Central Tendency
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Explain the middle of a data set with a single value (mean, median, mode)
What method compares the subject share of the market, adjusts the subject to the
competition using quantifiable rating techniques, calculates the subject historical capture
rate, and other factors?
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Fundamental Capture Method
, Marketability Analysis (Definition)
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A marketability analysis or study consists of interviews, comprehensive data,
maps, tables, and other information that demonstrates the marketability of a
specific property or the possible future of an existing property. The analysis
might include absorption, sales, properties currently leased, or other
information compiled within the market analysis or study.
Inferred Analysis (Trend Analysis)
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Uses technical statistics to forecast changes in future value by analyzing
historical macroeconomic information. It is not specific to a particular
property and us usually calculated by real estate analysts.
As per USPAP Standards Rule 1-3, which type of opinion of value requires a highest &
best use opinion?
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Market Value
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Verify data, to the extent it is possible
,Revitalization, upturn, or recovery
Give this one a try later!
Occurs in a life cycle after a decline & before the growth cycle occurs again.
Revitalization may occur due to rehabilitation and/or renovation as an area
undergoes gentrification
Logarithmic Trendline
Give this one a try later!
A best-fit curved line when the rates of change in the data increase or
decreases then plateaus. This type of trendline can be used for BOTH
negative & positive values.
Frequency distribution
Give this one a try later!
Uses both qualitative & quantitative data placed in a table that summarizes
groups of data & observations divided into specific classes & the number of
occurrences in each class.
Variance
,Give this one a try later!
A variance is a special request to a governmental department, such as a
planning commission, that a property owner submits for a purpose outside of
the current zoning regulations. Sometimes, the current zoning regulations
cause enforcement of unnecessary hardship to the owner and/or his or her
tenants. Unlike a legal non-conforming use, which was established before the
zoning classification & is generally permitted to continue indefinitely, a
variance usually applies to a single owner, for a specific purpose.
In most cases, a potential buyer of the property who wishes to continue the
current use would need to make his or her own application for a variance.
Measures of Central Tendency
Give this one a try later!
Explain the middle of a data set with a single value (mean, median, mode)
What method compares the subject share of the market, adjusts the subject to the
competition using quantifiable rating techniques, calculates the subject historical capture
rate, and other factors?
Give this one a try later!
Fundamental Capture Method
, Marketability Analysis (Definition)
Give this one a try later!
A marketability analysis or study consists of interviews, comprehensive data,
maps, tables, and other information that demonstrates the marketability of a
specific property or the possible future of an existing property. The analysis
might include absorption, sales, properties currently leased, or other
information compiled within the market analysis or study.
Inferred Analysis (Trend Analysis)
Give this one a try later!
Uses technical statistics to forecast changes in future value by analyzing
historical macroeconomic information. It is not specific to a particular
property and us usually calculated by real estate analysts.
As per USPAP Standards Rule 1-3, which type of opinion of value requires a highest &
best use opinion?
Give this one a try later!
Market Value
