Basic Appraisal Principles Latest 2024 Already Passed

Basic Appraisal Principles Latest 2024 Already Passed market area The geographic region from which a majority of demand comes and which the majority of the competition is located" is the definition of... bounds The distances that a boundary runs at a prescribed angle is called (less specific but identifiable lines that follow a feature like a river, road, or building) metes the boundary defined by the measurement of each straight run, specified by a distance between 2 points. The Federal Reserve Who can influence the level of economic activity by regulating the availability of money and the interest rate? Which of the following is not a characteristic of land? mobility, unique location, durability, finite supply? mobility Supply and demand move in a(n) ____________ relationship. inverse (opposites) A lease that provides for specified changes in the amount of rent at one or more points during the lease term" is called a(n) ____________ lease. graduated-payment USPAP includes performance standards for the appraisal of real property, personal property, and business/intangible property Which would NOT be considered factors in supply analysis?(employment rates standing stock volume of new construction conversions in progress) employment rates The primary operators in the secondary mortgage market include all of the following EXCEPT: Fannie Mae FHA Ginnie Mae Freddie Mac FHA The study of the cost-benefit relationship of an economic endeavor" is the definition of: market analysis market study feasibility analysis economic base analysis feasibility analysis The ETHICS RULE of USPAP is the ________ of five Rules in USPAP. fifth third first second first The current number of appraisal education hours required for Certified Residential Appraiser applicants is ______ hours. 75 150