Principles of Real Estate 2 Champions School of Real Estate Exams Questions & Answers 100% Accurate

appraisal - ANSWER-appraisers opinion of value principal of contribution - ANSWER-the value if the property is equal to the sum if the contributory value of each of its component parts. loan to value ratio - ANSWER-percentage of value or sales price that a lender is willing to finance. desk review - ANSWER-goes through items as they analyze the appraisal report for completeness and acceptable conclusions field review - ANSWER-independent 3rd party appraiser will be contracted to review the appraisal report then verify the accuracy limited appraisal - ANSWER-exterior only/ drive by inspection (low risk loans) subject property - ANSWER-property being appraised highest and best use - ANSWER-gives greatest return in money or amenities principle of change - ANSWER-forces acting on the parcel of land are always affecting the value of the land. principle of anticipation - ANSWER-purchase price is affected by the expectation of of future appeal and benefits.