McKissock Basic Appraisal Principles I
Final Exam Quiz with answers
ASC (Appraisal Subcommittee) - ....🔰VERIFIED ANSWERS.... ✔✔The _____
has oversight authority over state appraisal boards.
consideration, in writing and signed, and lawful objective - ....🔰VERIFIED
ANSWERS.... ✔✔Which of the below is a requirement of a valid real estate
contract?
capital - ....🔰VERIFIED ANSWERS.... ✔✔"The interaction of buyers and
sellers who trade long-term or intermediate-term money instruments" is the
definition of the _____________ market.
market study - ....🔰VERIFIED ANSWERS.... ✔✔An analysis of the market
conditions of supply, demand, and pricing for a specific property type in a
specific area" is the definition of
market - ....🔰VERIFIED ANSWERS.... ✔✔A gathering of people for the
buying and selling of things" is the definition of
real estate - ....🔰VERIFIED ANSWERS.... ✔✔Which of the following types of
investments has historically generated the highest return on investment?
, except property rights - ....🔰VERIFIED ANSWERS.... ✔✔Real estate includes
all of the following EXCEPT
Impartiality, objectivity, and independence - ....🔰VERIFIED ANSWERS....
✔✔The Conduct Section of the ETHICS RULE states, in part, that an appraiser
must perform assignments with
except assessors - ....🔰VERIFIED ANSWERS.... ✔✔All of the following could
be participants in a real property market EXCEPT
EDI, PDF - ....🔰VERIFIED ANSWERS.... ✔✔Twenty years ago, most
appraisal reports that were sent electronically were sent using _____
technology; today, most appraisals are sent electronically using a _______
format.
not enough information to determine - ....🔰VERIFIED ANSWERS.... ✔✔A
property is owned as tenancy in severalty. How many owners are there?
cooperative - ....🔰VERIFIED ANSWERS.... ✔✔What type of property
ownership is characterized by the purchase of shares of stock in a corporation,
which provides a proprietary lease to occupy an apartment unit?
executory - ....🔰VERIFIED ANSWERS.... ✔✔A(n) __________ contract is one
that is not been fully performed or completed.
estimate, opinion - ....🔰VERIFIED ANSWERS.... ✔✔Modern definitions of
the word "appraisal" have replaced the word _______ with ________.
Final Exam Quiz with answers
ASC (Appraisal Subcommittee) - ....🔰VERIFIED ANSWERS.... ✔✔The _____
has oversight authority over state appraisal boards.
consideration, in writing and signed, and lawful objective - ....🔰VERIFIED
ANSWERS.... ✔✔Which of the below is a requirement of a valid real estate
contract?
capital - ....🔰VERIFIED ANSWERS.... ✔✔"The interaction of buyers and
sellers who trade long-term or intermediate-term money instruments" is the
definition of the _____________ market.
market study - ....🔰VERIFIED ANSWERS.... ✔✔An analysis of the market
conditions of supply, demand, and pricing for a specific property type in a
specific area" is the definition of
market - ....🔰VERIFIED ANSWERS.... ✔✔A gathering of people for the
buying and selling of things" is the definition of
real estate - ....🔰VERIFIED ANSWERS.... ✔✔Which of the following types of
investments has historically generated the highest return on investment?
, except property rights - ....🔰VERIFIED ANSWERS.... ✔✔Real estate includes
all of the following EXCEPT
Impartiality, objectivity, and independence - ....🔰VERIFIED ANSWERS....
✔✔The Conduct Section of the ETHICS RULE states, in part, that an appraiser
must perform assignments with
except assessors - ....🔰VERIFIED ANSWERS.... ✔✔All of the following could
be participants in a real property market EXCEPT
EDI, PDF - ....🔰VERIFIED ANSWERS.... ✔✔Twenty years ago, most
appraisal reports that were sent electronically were sent using _____
technology; today, most appraisals are sent electronically using a _______
format.
not enough information to determine - ....🔰VERIFIED ANSWERS.... ✔✔A
property is owned as tenancy in severalty. How many owners are there?
cooperative - ....🔰VERIFIED ANSWERS.... ✔✔What type of property
ownership is characterized by the purchase of shares of stock in a corporation,
which provides a proprietary lease to occupy an apartment unit?
executory - ....🔰VERIFIED ANSWERS.... ✔✔A(n) __________ contract is one
that is not been fully performed or completed.
estimate, opinion - ....🔰VERIFIED ANSWERS.... ✔✔Modern definitions of
the word "appraisal" have replaced the word _______ with ________.
