General Report Writing & Case Studies Ch 6
& 7 Questions With Complete Solutions
Why should you place your summary of the methods, techniques and analyses you used to
generate your opinion of value after the description of the site, building(s) and improvements,
and before your analysis of the first approach to value that you employed? Doing so
provides a logical transition between these two sections of the report.
What is the purpose of summarizing the methods, techniques, and analyses you use to generate
your final opinion of value? To provide the intended user with an understanding of the
information analyzed, the appraisal methods and techniques employed, and the reasoning that
supports the analyses, opinions and conclusions in the appraisal report, as well as to comply with
USPAP
If an experienced appraiser is familiar with a particular definition of market value used by a
particular client, does she need to cite the source of the definition in the narrative report?
Yes, USPAP requires appraisers to cite the source of the definition
Which statement is true regarding where in the report you discuss your methodology In
transition from the subject property description to the analytical methods
, General Report Writing & Case Studies Ch 6
& 7 Questions With Complete Solutions
If you are aware that your client and the intended user has extensive knowledge of appraisal
methodology, you should . . . Provide a brief overview of the appraisal methods and
techniques you use
What is the appropriate sequence of topics in a narrative appraisal report Description of
methodology, Sales comparison approach, Reconciliation
Which USPAP Standard governs how you present your analysis in your report Standard 2
It is safe to assume that the intended user has a good understanding of which of the following
approaches It is not safe to assume any particular level of knowledge of appraisal
methodology
What is a common oversight when writing a narrative appraisal report? Moving right into
performing the three approaches without providing the intended user any explanation of the
analytical process
Which is the best approach in writing your analysis explanation? Assume the intended
user knows little or nothing about appraisal
& 7 Questions With Complete Solutions
Why should you place your summary of the methods, techniques and analyses you used to
generate your opinion of value after the description of the site, building(s) and improvements,
and before your analysis of the first approach to value that you employed? Doing so
provides a logical transition between these two sections of the report.
What is the purpose of summarizing the methods, techniques, and analyses you use to generate
your final opinion of value? To provide the intended user with an understanding of the
information analyzed, the appraisal methods and techniques employed, and the reasoning that
supports the analyses, opinions and conclusions in the appraisal report, as well as to comply with
USPAP
If an experienced appraiser is familiar with a particular definition of market value used by a
particular client, does she need to cite the source of the definition in the narrative report?
Yes, USPAP requires appraisers to cite the source of the definition
Which statement is true regarding where in the report you discuss your methodology In
transition from the subject property description to the analytical methods
, General Report Writing & Case Studies Ch 6
& 7 Questions With Complete Solutions
If you are aware that your client and the intended user has extensive knowledge of appraisal
methodology, you should . . . Provide a brief overview of the appraisal methods and
techniques you use
What is the appropriate sequence of topics in a narrative appraisal report Description of
methodology, Sales comparison approach, Reconciliation
Which USPAP Standard governs how you present your analysis in your report Standard 2
It is safe to assume that the intended user has a good understanding of which of the following
approaches It is not safe to assume any particular level of knowledge of appraisal
methodology
What is a common oversight when writing a narrative appraisal report? Moving right into
performing the three approaches without providing the intended user any explanation of the
analytical process
Which is the best approach in writing your analysis explanation? Assume the intended
user knows little or nothing about appraisal
