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Exam (elaborations)

MCKISSOCK APPRAISAL PROCEDURES QUESTIONS WITH COMPLETE ANSWERS

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MCKISSOCK APPRAISAL PROCEDURES QUESTIONS WITH COMPLETE ANSWERS

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When appraising a 2-4 unit residential property, an appraiser would measure and use
_______________ area.


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gross building

,Appraisal fees are examples of _______________ costs.


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indirect




The most common brownfield contaminant is


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petroleum




"The estimated cost to construct, at current prices as of a specific date, a substitute for a
building or other improvements, using modern materials and current standards, design,
and layout" is the definition of__________ cost.


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replacement




Flood maps are prepared by


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, FEMA




An example of a special purpose property would be a(n)


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school building




A one-and-a-half-story house is commonly known as a


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cape cod




Early ductless heating systems were called


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geothermal systems




Which entity produces the most commonly-used land appraisal report form?


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, It is a generic form




A property contains 3.2 acres and is worth: A. $155,000 as single home site; B. $75,000
per unit as a site for a duplex; or C. $50,000 per acre as a retail site. All uses are
physically possible, economically feasible and legally permitted. Which is the highest
and best use?


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retail site




In the age-life method of estimating depreciation, the ___________ age is divided by the
____________ life.


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effective age, total economic life




Which was the earliest form of electrical wiring?


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knob and tube

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