Texas SAE 2026-2027
Real Estate Appraisal
Exam review
2026
Master Exam Prep Bundle
(Verified Questions & Answers)
A+ Grade Guaranteed
,Which value-influencing DUST factor Transferability
addresses the ease with which the
property can be conveyed to another?
Which of the following formulas is Present index ÷ Index at time of construction x
used with the index method to find the Original cost = Present cost
reproduction cost? To arrive at the present cost, the appraiser applies a
factor that represents the costs of construction over
time up to the appraisal date (present index ÷ index
at time of construction) multiplied by the subject
building's original cost.
When possible, comparable sales The same neighborhood
from ______ should be used.
Ownership in a planned unit A parcel of land, the structures on it, and shared
development consists of ______. common areas
In what way is taxation an inherent Unpaid taxes become a lien against the property.
burden on private landownership?
Bianca wants to buy a cooperative, Deductible on her personal income tax returns
but she's unsure that she can afford As the resident in a cooperative, her share of
it. With a cooperative, her share of mortgage interest and real estate taxes is deductible
mortgage interest and real estate on personal income tax returns.
taxes will be ______.
The Appraiser Independence The appraiser, the lender, and the consumer
Requirements protect which party or
parties?
Using the gross income multiplier 10X (100,000/10,000)
(GIM) valuation method, a property's
sales price is divided by its gross
income. If a property has a sales
price of $100,000 and gross income
of $10,000, what is its GIM?
2026
,Which professional is hired by the Appraiser
buyer and lender to give an opinion of
value of the property?
Which of the following best describes The appraiser selects the adjusted sales price of the
how an appraiser reconciles the property most like the subject to use as the indicated
adjusted sales prices of the value.
comparable properties to indicate the
value of the subject property?
What is the definition of an appraisal? An estimate of value for a specific purpose, party,
and property as of a specific date
Which of the following properties Condo Unit
requires the appraiser to include
information about the monthly fees
charged by the property
management, the location of the
subject property within a community,
and the areas considered private or
public?
If Mega Corporation owns real Severalty Ownership
property, chances are it owns it in Corporations own property owned in severalty, like
______. individuals do.
James creates a trust to hold a piece Land Trust
of real estate he owns. He directs a A land trust is similar to other trusts except that it's
corporate fiduciary to hold title to the formed specifically to hold real estate.
real estate and provides instructions
for the management, control, and
disposition of the real estate upon his
death. Given that the trust only holds
real estate, James likely set up a(n)
______ trust.
The earth's surface, extending This is a definition of land.
downward to the center of the earth
and upward to infinity, including
permanently-attached natural objects,
is called ______.
2026
, Which of these is a written description Building specifications
of a blueprint? explain the blueprint and any features that may not
be visible on that building plan.
What method of land valuation Ground Rent Capitalization Method (GRM)
converts the amount of yearly income
a site will produce into a value using a
capitalization rate?
As part of completing an appraisal Complete the cost approach section of the URAR
using the cost approach method, form
what must appraisers do?
Which of the following analyzes net Direct Capitalization
operating income (NOI) for a single
year, and is used when the property's
income isn't expected to vary much
over time?
The _method converts a single year's
expected income (or an annual
average) into a market value. This is
the expected return on investment the
property is capable of producing in a
single year: the first year of
ownership.
Real estate, plus all of the interests, Real Property
benefits, and rights included in
ownership, is also known as ______.
The US Census Bureau is a good General Data
source of what type of data needed
by appraisers?
What's the term for certified energy- ENERGY STAR®-qualified home
efficient homes that have met specific
qualifications?
The ______ system keeps air fresh Ventilation
by recycling air and removing odors
and pollutants.
2026
Real Estate Appraisal
Exam review
2026
Master Exam Prep Bundle
(Verified Questions & Answers)
A+ Grade Guaranteed
,Which value-influencing DUST factor Transferability
addresses the ease with which the
property can be conveyed to another?
Which of the following formulas is Present index ÷ Index at time of construction x
used with the index method to find the Original cost = Present cost
reproduction cost? To arrive at the present cost, the appraiser applies a
factor that represents the costs of construction over
time up to the appraisal date (present index ÷ index
at time of construction) multiplied by the subject
building's original cost.
When possible, comparable sales The same neighborhood
from ______ should be used.
Ownership in a planned unit A parcel of land, the structures on it, and shared
development consists of ______. common areas
In what way is taxation an inherent Unpaid taxes become a lien against the property.
burden on private landownership?
Bianca wants to buy a cooperative, Deductible on her personal income tax returns
but she's unsure that she can afford As the resident in a cooperative, her share of
it. With a cooperative, her share of mortgage interest and real estate taxes is deductible
mortgage interest and real estate on personal income tax returns.
taxes will be ______.
The Appraiser Independence The appraiser, the lender, and the consumer
Requirements protect which party or
parties?
Using the gross income multiplier 10X (100,000/10,000)
(GIM) valuation method, a property's
sales price is divided by its gross
income. If a property has a sales
price of $100,000 and gross income
of $10,000, what is its GIM?
2026
,Which professional is hired by the Appraiser
buyer and lender to give an opinion of
value of the property?
Which of the following best describes The appraiser selects the adjusted sales price of the
how an appraiser reconciles the property most like the subject to use as the indicated
adjusted sales prices of the value.
comparable properties to indicate the
value of the subject property?
What is the definition of an appraisal? An estimate of value for a specific purpose, party,
and property as of a specific date
Which of the following properties Condo Unit
requires the appraiser to include
information about the monthly fees
charged by the property
management, the location of the
subject property within a community,
and the areas considered private or
public?
If Mega Corporation owns real Severalty Ownership
property, chances are it owns it in Corporations own property owned in severalty, like
______. individuals do.
James creates a trust to hold a piece Land Trust
of real estate he owns. He directs a A land trust is similar to other trusts except that it's
corporate fiduciary to hold title to the formed specifically to hold real estate.
real estate and provides instructions
for the management, control, and
disposition of the real estate upon his
death. Given that the trust only holds
real estate, James likely set up a(n)
______ trust.
The earth's surface, extending This is a definition of land.
downward to the center of the earth
and upward to infinity, including
permanently-attached natural objects,
is called ______.
2026
, Which of these is a written description Building specifications
of a blueprint? explain the blueprint and any features that may not
be visible on that building plan.
What method of land valuation Ground Rent Capitalization Method (GRM)
converts the amount of yearly income
a site will produce into a value using a
capitalization rate?
As part of completing an appraisal Complete the cost approach section of the URAR
using the cost approach method, form
what must appraisers do?
Which of the following analyzes net Direct Capitalization
operating income (NOI) for a single
year, and is used when the property's
income isn't expected to vary much
over time?
The _method converts a single year's
expected income (or an annual
average) into a market value. This is
the expected return on investment the
property is capable of producing in a
single year: the first year of
ownership.
Real estate, plus all of the interests, Real Property
benefits, and rights included in
ownership, is also known as ______.
The US Census Bureau is a good General Data
source of what type of data needed
by appraisers?
What's the term for certified energy- ENERGY STAR®-qualified home
efficient homes that have met specific
qualifications?
The ______ system keeps air fresh Ventilation
by recycling air and removing odors
and pollutants.
2026
