COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
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The real estate market is local in nature. What does that mean? - -
Information about real estate is best found a local sources.
You would expect a real estate licensee to perform all the following activities,
EXCEPT: - * providing expert knowledge about construction methods and
materials
A real estate licensee is expected to have expert knowledge in what three areas? -
- valuation, marketing, and property transfer
What is a comparative market analysis? - - A value estimate based on
recent sales of similar properties in the same neighborhood
Which type of valuation must be performed in accordance with the Uniform
Standards of Professional Appraisal Practice (USPAP)? - - appraisal
Many real estate licensees engage in "farming." Which of the following best
describes what that means? - - they concentrate on one type of property or
in a particular neighborhood