McKissock Basic Appraisal Principles I Final Exam Quiz fully solved

McKissock Basic Appraisal Principles I Final Exam Quiz ASC (Appraisal Subcommittee) - correct answer The _____ has oversight authority over state appraisal boards. consideration, in writing and signed, and lawful objective - correct answer Which of the below is a requirement of a valid real estate contract? capital - correct answer "The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. market study - correct answer An analysis of the market conditions of supply, demand, and pricing for a specific property type in a specific area" is the definition of market - correct answer A gathering of people for the buying and selling of things" is the definition of real estate - correct answer Which of the following types of investments has historically generated the highest return on investment? except property rights - correct answer Real estate includes all of the following EXCEPT Impartiality, objectivity, and independence - correct answer The Conduct Section of the ETHICS RULE states, in part, that an appraiser must perform assignments with except assessors - correct answer All of the following could be participants in a real property market EXCEPT EDI, PDF - correct answer Twenty years ago, most appraisal reports that were sent electronically were sent using _____ technology; today, most appraisals are sent electronically using a _______ format.