GENERAL REPORT WRITING & CASE STUDIES (MCKISSOCK) COMPREHENSIVE
QUIZ QUESTIONS AND ANSWERS 100% SOLVED
Which of the following is considered to be the best type of party wall for fire and sound
protection between units of a three-story apartment building? ✔️✔️A drywall covered concrete
block wall that extends through and above the roof
Which of the following statements would typically be found in an appraiser's general or
standard assumptions and limiting conditions? ✔️✔️The property has been appraised as though
free and clear of mortgages, liens, servitude and encumbrances except as may be described
within the appraisal report
What does USPAP require of the appraiser concerning any extraordinary assumptions or
hypothetical conditions used in an Appraisal Report? ✔️✔️They must be clearly and
conspicuously disclosed
Which of the following items would typically only be applicable when summarizing a mobile
home park? ✔️✔️Type of concrete home pads
In a perfect environment what should a well-written narrative appraisal report do? ✔️✔️It
should tell a story about the property and be designed to lead intended users to draw the same
conclusion stated by the appraiser.
When explaining highest and best use, what are the four "tests" that you need to explain about
the property's use? ✔️✔️Legally permissible, physically possible, financially feasible, maximally
productive
Which of the following items would typically ONLY be applicable when summarizing an
industrial building? ✔️✔️Dock shelters & bollards
At a macro level, why should you always identify and describe the location and types of
hospitals and medical centers in an area? ✔️✔️Because no matter what type of property you are
, appraising residents, employers, non-resident employees, tenants and visitors will always be
concerned about proximity to and availability of medical care
When describing the road or highway network of a township or local community, what should
the appraiser be conscious of avoiding? ✔️✔️Overdoing the description by explaining how they
each are individually connected to each other as that is generally assumed.
Which of the following would be considered as good reliable sources of historical information
about a township? ✔️✔️the township's chamber of commerce, economic development agency,
township clerk and the chairman of the planning board
Why is it important to summarize the party walls in a building? ✔️✔️Because it is an important
fire and sound/noise concern.
Exposure time is ✔️✔️An opinion developed by an appraiser
In a narrative appraisal report, why is it important to include an opinion about the property's
location? ✔️✔️Because intended users value the appraiser's opinion about the location
When describing a site's highway access, what should an appraiser avoid doing in the
summary? ✔️✔️summarizing that the subject's access road connects with this road and that road
and another road and so on
What is the best way to explain how the appraiser's highest and best analysis leads to the
conclusion of what improvements a buyer would make to a site to maximize its value?
✔️✔️Separately discuss, explain and expound on each of the four test criteria
When discussing when one or more of the three traditional approaches to value is inapplicable,
what might you say to explain when the Cost Approach becomes unreliable? ✔️✔️It becomes
unreliable and often is not used when a property has aged or was constructed with somewhat
unique physical characteristics that make it difficult to estimate its cost new or estimate its
depreciation accurately
QUIZ QUESTIONS AND ANSWERS 100% SOLVED
Which of the following is considered to be the best type of party wall for fire and sound
protection between units of a three-story apartment building? ✔️✔️A drywall covered concrete
block wall that extends through and above the roof
Which of the following statements would typically be found in an appraiser's general or
standard assumptions and limiting conditions? ✔️✔️The property has been appraised as though
free and clear of mortgages, liens, servitude and encumbrances except as may be described
within the appraisal report
What does USPAP require of the appraiser concerning any extraordinary assumptions or
hypothetical conditions used in an Appraisal Report? ✔️✔️They must be clearly and
conspicuously disclosed
Which of the following items would typically only be applicable when summarizing a mobile
home park? ✔️✔️Type of concrete home pads
In a perfect environment what should a well-written narrative appraisal report do? ✔️✔️It
should tell a story about the property and be designed to lead intended users to draw the same
conclusion stated by the appraiser.
When explaining highest and best use, what are the four "tests" that you need to explain about
the property's use? ✔️✔️Legally permissible, physically possible, financially feasible, maximally
productive
Which of the following items would typically ONLY be applicable when summarizing an
industrial building? ✔️✔️Dock shelters & bollards
At a macro level, why should you always identify and describe the location and types of
hospitals and medical centers in an area? ✔️✔️Because no matter what type of property you are
, appraising residents, employers, non-resident employees, tenants and visitors will always be
concerned about proximity to and availability of medical care
When describing the road or highway network of a township or local community, what should
the appraiser be conscious of avoiding? ✔️✔️Overdoing the description by explaining how they
each are individually connected to each other as that is generally assumed.
Which of the following would be considered as good reliable sources of historical information
about a township? ✔️✔️the township's chamber of commerce, economic development agency,
township clerk and the chairman of the planning board
Why is it important to summarize the party walls in a building? ✔️✔️Because it is an important
fire and sound/noise concern.
Exposure time is ✔️✔️An opinion developed by an appraiser
In a narrative appraisal report, why is it important to include an opinion about the property's
location? ✔️✔️Because intended users value the appraiser's opinion about the location
When describing a site's highway access, what should an appraiser avoid doing in the
summary? ✔️✔️summarizing that the subject's access road connects with this road and that road
and another road and so on
What is the best way to explain how the appraiser's highest and best analysis leads to the
conclusion of what improvements a buyer would make to a site to maximize its value?
✔️✔️Separately discuss, explain and expound on each of the four test criteria
When discussing when one or more of the three traditional approaches to value is inapplicable,
what might you say to explain when the Cost Approach becomes unreliable? ✔️✔️It becomes
unreliable and often is not used when a property has aged or was constructed with somewhat
unique physical characteristics that make it difficult to estimate its cost new or estimate its
depreciation accurately
