at least 5 hyears after peperation or at least two years after final disposition of any
judicial proceeding in which had to testify
Give this one a try later!
how long does an appraiser have to keep his workfile
,rights of use limited to the lifetime of a designated party sometimes referred as life
tenant
Give this one a try later!
life interest
mortgage in which a party other than the borrower assures payment in the event of
default
Give this one a try later!
guaranteed mortgage
mortgage neither insured nor guaranteed by an agency although it may be privately
insured
Give this one a try later!
conventional loans
transaction between unrelated parties who are each acting in his or her own best interest
Give this one a try later!
, Arm's-length transaction
wear and tear that begins when a building is completed and placed into service
Give this one a try later!
Physical deterioration
(effective age/total economic life)*total cost
Give this one a try later!
depreciation(age life)
present value
Give this one a try later!
pv=
identify type of value, if opinion to be developed market value, ascertain whether the
value is to be the most probable price: terms of cash; terms of financial arrangements
equ. to cahs; other terms; if not market value must be clearly identified
, Give this one a try later!
Standards 1-2c of USPAP
Systematic set of procedures an appraiser follows to provide answers to a clients
questions about real property value
Give this one a try later!
Valuation Process
income/rate
or income*multiplier
Give this one a try later!
Value
All income generated in the operation of the property that is not derived directly from
space rental
Give this one a try later!
Other income
judicial proceeding in which had to testify
Give this one a try later!
how long does an appraiser have to keep his workfile
,rights of use limited to the lifetime of a designated party sometimes referred as life
tenant
Give this one a try later!
life interest
mortgage in which a party other than the borrower assures payment in the event of
default
Give this one a try later!
guaranteed mortgage
mortgage neither insured nor guaranteed by an agency although it may be privately
insured
Give this one a try later!
conventional loans
transaction between unrelated parties who are each acting in his or her own best interest
Give this one a try later!
, Arm's-length transaction
wear and tear that begins when a building is completed and placed into service
Give this one a try later!
Physical deterioration
(effective age/total economic life)*total cost
Give this one a try later!
depreciation(age life)
present value
Give this one a try later!
pv=
identify type of value, if opinion to be developed market value, ascertain whether the
value is to be the most probable price: terms of cash; terms of financial arrangements
equ. to cahs; other terms; if not market value must be clearly identified
, Give this one a try later!
Standards 1-2c of USPAP
Systematic set of procedures an appraiser follows to provide answers to a clients
questions about real property value
Give this one a try later!
Valuation Process
income/rate
or income*multiplier
Give this one a try later!
Value
All income generated in the operation of the property that is not derived directly from
space rental
Give this one a try later!
Other income
