Basic Appraisal Procedures-Study Guide Questions and Answers 100% pass | graded A+

assumption - that which is taken to be true. effective date - the date for which value was asstablished by an appraisal. extraordinary assumption - an assumption that a fact is true, directly related to a specific assignment, which could alter the appraisal's opions or conclutions if found to be faulse. general data - information that covers the forces that affect property values, but are not directly related to a particular piece of property. general data covers economic, govermental, social, and physical factors, (pegs), and can be local or national. hypothetical condition - that which is contray to what exsists, but is supposed for the purpose of analysis. intended use - the use or uses of an appraiser's reported appraisal, appraisal review, or appraisal consulting assignment options and conclusio