BASIC APPRAISAL PRINCIPLES EXAM QUESTIONS AND CORRECT ANSWERS 2025/2026

BASIC APPRAISAL PRINCIPLES EXAM QUESTIONS AND CORRECT ANSWERS 2025/2026 public trust - Answer -The AQB and the ASB were created for the express purpose of promoting and maintaining a high level of ____________ 16.5 - Answer -A rod contains ______ feet. objective - Answer -USPAP requires an appraiser to be feasibility analysis - Answer -"An analysis undertaken to investigate whether a project will fulfill the objectives of the investor" is the definition of The exam is national, so the same questions are used in every state. - Answer -Which is a TRUE statement regarding appraiser examinations? 66 - Answer -A chain contains 100 links, which measures _______ feet. 45 - Answer -65% of the houses in a neighborhood are split levels and 15% are ranches. There are a total of 300 houses. How many are ranches? 146.62 - Answer -What is the mean of these numbers: 123.5, 136.2, 162, 188.9,153.27, 227.98, 16, 342.66, 72.7, 21.55, 168.08?depressed - Answer -"A market in which a drop in demand is accompanied by a relative oversupply and a decline in prices" is the definition of a(n) __________ market. sales comparison - Answer -Which valuation approach relies most heavily on the principle of substitution? 35.5 - Answer -What is the median of these numbers: 19, 11, 64, 36, 81, 22, 35, 95? real estate - Answer -Which of the following types of investments has historically generated the highest return on investment? sound waves - Answer -Sonic measurers employ _____________ to take measurements. dollars per square foot per year - Answer -Retail space is usually compared on the basis of seller's - Answer -"An active market in which the sellers of available properties can obtain higher prices than those obtainable in the immediately preceding period; a market in which a few available properties are demanded at prevailing prices by many users and potential users" is the definition of a(n) __________ market. 2.16 - Answer -A lot measures 248.4 feet X 378.90 feet. How many acres is that?