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MCKISSOCK BASIC APPRAISAL PRINCIPLES
FINAL NEWEST 2025 ACTUAL EXAM COMPLETE
400 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+||BRAND NEW VERSION!!
Which of the following items are considered to be
personal property?
a. a tree orchard
b. built-in cabinetry
c. furniture
d. interior light fixtures - .....ANSWER ...✔✔ c
Mayes owns a property buy has leased it to Jacobs.
Which term describes Jacobs' right in the property?
a. Fee simple interest
b. Leased fee interest
c. Leasehold interest
d. Lessor interest - .....ANSWER ...✔✔ c
Real estate is best described as
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a. everything resting on the surface of the land
b. fixtures and building improvements
c. land and everything permanently attached to it
d. the complete bundle of rights attached to the land -
.....ANSWER ...✔✔ c
Mineral rights are an example of
a. air rights
b. riparian rights
c. subsurface rights
d. suprasurface rights - .....ANSWER ...✔✔ c
An appraiser's familiarity with a specific type of
property applies to what concept?
a. competency
b. impartiality
c. intended use
d. sufficient dilligence - .....ANSWER ...✔✔ a
Sanchez is appraising a property for a client with the
intended use of filing a tax appeal. in this type of
assignment, Sanchez should
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a. find out what value the client's lawyer recommends
b. not advocate the cause or interest of any party or
issue
c. represent the client's cause in the appeal
d. try to keep the value as low as possible - .....ANSWER
...✔✔ b
Before an appraiser begins an assignment, the problem
to be solved must be identified. What is the next step
the appraiser must take to ensure credible assignment
results?
a. a preliminary opinion for the client
b. a pro forma for the assignment
c. a project timeline
d. determination of the scope of work - .....ANSWER
...✔✔ d
chattel and personalty are terms used to describe
a. emblements
b. fixtures
c. personal property
d. real property - .....ANSWER ...✔✔ c
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Hooper gave permission to a nearby business neighbor
to place a sign on his corner property to advertise the
neighbor's liquidation sale. What has Hooper given his
neighbor?
a. a license
b. a partial interest in his property
c. a personal easement in gross
d. an estate - .....ANSWER ...✔✔ a
What is a tenancy (that is, estate) in which a lessee
remains in possession of the property without the lessor's
consent?
a. tenancy at sufferance
b. tenancy at will
c. tenancy for years
d. tenancy from periordto period - .....ANSWER
...✔✔ a
An appraisal is best defined as
a. the act or method of telling the client the market
value of the real estate
b. the act or process of developing an opinion of value
c. the report delivered to the client
MCKISSOCK BASIC APPRAISAL PRINCIPLES
FINAL NEWEST 2025 ACTUAL EXAM COMPLETE
400 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+||BRAND NEW VERSION!!
Which of the following items are considered to be
personal property?
a. a tree orchard
b. built-in cabinetry
c. furniture
d. interior light fixtures - .....ANSWER ...✔✔ c
Mayes owns a property buy has leased it to Jacobs.
Which term describes Jacobs' right in the property?
a. Fee simple interest
b. Leased fee interest
c. Leasehold interest
d. Lessor interest - .....ANSWER ...✔✔ c
Real estate is best described as
,2|Page
a. everything resting on the surface of the land
b. fixtures and building improvements
c. land and everything permanently attached to it
d. the complete bundle of rights attached to the land -
.....ANSWER ...✔✔ c
Mineral rights are an example of
a. air rights
b. riparian rights
c. subsurface rights
d. suprasurface rights - .....ANSWER ...✔✔ c
An appraiser's familiarity with a specific type of
property applies to what concept?
a. competency
b. impartiality
c. intended use
d. sufficient dilligence - .....ANSWER ...✔✔ a
Sanchez is appraising a property for a client with the
intended use of filing a tax appeal. in this type of
assignment, Sanchez should
,3|Page
a. find out what value the client's lawyer recommends
b. not advocate the cause or interest of any party or
issue
c. represent the client's cause in the appeal
d. try to keep the value as low as possible - .....ANSWER
...✔✔ b
Before an appraiser begins an assignment, the problem
to be solved must be identified. What is the next step
the appraiser must take to ensure credible assignment
results?
a. a preliminary opinion for the client
b. a pro forma for the assignment
c. a project timeline
d. determination of the scope of work - .....ANSWER
...✔✔ d
chattel and personalty are terms used to describe
a. emblements
b. fixtures
c. personal property
d. real property - .....ANSWER ...✔✔ c
, 4|Page
Hooper gave permission to a nearby business neighbor
to place a sign on his corner property to advertise the
neighbor's liquidation sale. What has Hooper given his
neighbor?
a. a license
b. a partial interest in his property
c. a personal easement in gross
d. an estate - .....ANSWER ...✔✔ a
What is a tenancy (that is, estate) in which a lessee
remains in possession of the property without the lessor's
consent?
a. tenancy at sufferance
b. tenancy at will
c. tenancy for years
d. tenancy from periordto period - .....ANSWER
...✔✔ a
An appraisal is best defined as
a. the act or method of telling the client the market
value of the real estate
b. the act or process of developing an opinion of value
c. the report delivered to the client
