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Exam (elaborations)

MCKISSOCK EXAM PREP QUESTIONS WITH COMPLETE ANSWERS

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MCKISSOCK EXAM PREP QUESTIONS WITH COMPLETE ANSWERS

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1 of 911

Term



Which statement is FALSE regarding the sales comparison approach?



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, When the appraiser has an
understanding of value
1.5%
influences in the market, the
approach is more reliable.




To avoid misleading the client and
Property Rights
intended users


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2 of 911

Term



What is the motivation of an individual, group of persons, or business
entity involving the purchase of an item?



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Help revise business development
$37.22 plan, reward action-orientated
activities




Desire three


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, 3 of 911

Term



The subject property is in good condition. A comparable sale is in
average condition, and sold for $22,000 per unit. What is the dollar
adjustment that should be made in the sales comparison approach?



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The sale should be adjusted A paper exam or an electronically-
upward by $4,400 administered exam




Appraisal Subcommittee (ASC) The value of ownership rights


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4 of 911

Term



"An easement that benefits a legal person or entity (individual,
corporation, partnership, LLC, government entity, etc.) and not a
particular tract of land" is the definition of a(an)



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Contribution limited partnership

, All of these Easement in gross


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5 of 911

Term



The sales comparison approach is primarily based on what principle?



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Resignation Variable expensese




Disability Substitution


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