APPRAISAL SUBJECT MATTER ELECTIVES
FINAL EXAM 2025/2026 BANK 2 VERSIONS
COMPLETE 550 QUESTIONS WITH
DETAILED VERIFIED ANSWERS VERIFIED
BY EXPERT //BRAND NEW!! /A+ GRADE
ASSURED
A duplex has 2,140 SF of GBA with two identical units
each with 6 rooms, 3 bedrooms, 1 bathroom. It sold for
$254,000. What is the indicated sale price per bedroom?
$21,167
$38,489
$42,333
$48,667 - ....ANSWER...$42,333
In appraising two- to four-unit income producing
property, there is more emphasis placed on all of these
items, except for
,income approach
reconciliation
competitive supply and demand
cost approach - ....ANSWER...cost approach
If the Cost Approach is developed in an appraisal, Fannie
Mae requires the appraiser to provide a summary of
support for his/her opinion of __________.
site value
Depreciation
Economic life
functional obsolescence - ....ANSWER...site value
A property has two units; the market rent for each unit is
$600 per month. The indicated GRM is 115. What is the
indicated value for the subject by the income approach?
$138,000
$141,115
,$144,000
$148,230 - ....ANSWER...$138,000
If a property is subject to rent controls, you probably will
be unable to employ
A cost approach
A Gross Rent Multiplier approach
An Income Capitalization approach
A Sales Comparison Approach - ....ANSWER...A Gross
Rent Multiplier approach
A triplex has 2,990 SF of GBA with three identical units
each with 5 rooms, 2 bedrooms, 1 bathroom. It sold for
$428,000. What is the indicated sale price per square foot
of GBA?
$143.14
$149.52
$152.67
$156.77 - ....ANSWER...$143.14
, A property has four units. 2 are rented for $700, 1 for $725,
and 1 for $775. The market rent for each unit is $750 per
month. The indicated GRM is 118. What is the indicated
value for the subject by the income approach?
$342,200
$345,000
$354,000
$360,000 - ....ANSWER...$354,000
What report form would an appraiser use when completing
an appraisal for a Fannie Mae loan on a 2-unit property
located in a condominium development?
SRIPAR (1025)
Condo form (1073)
URAR (1004)
Co-op form (1075) - ....ANSWER...SRIPAR (1025)
FINAL EXAM 2025/2026 BANK 2 VERSIONS
COMPLETE 550 QUESTIONS WITH
DETAILED VERIFIED ANSWERS VERIFIED
BY EXPERT //BRAND NEW!! /A+ GRADE
ASSURED
A duplex has 2,140 SF of GBA with two identical units
each with 6 rooms, 3 bedrooms, 1 bathroom. It sold for
$254,000. What is the indicated sale price per bedroom?
$21,167
$38,489
$42,333
$48,667 - ....ANSWER...$42,333
In appraising two- to four-unit income producing
property, there is more emphasis placed on all of these
items, except for
,income approach
reconciliation
competitive supply and demand
cost approach - ....ANSWER...cost approach
If the Cost Approach is developed in an appraisal, Fannie
Mae requires the appraiser to provide a summary of
support for his/her opinion of __________.
site value
Depreciation
Economic life
functional obsolescence - ....ANSWER...site value
A property has two units; the market rent for each unit is
$600 per month. The indicated GRM is 115. What is the
indicated value for the subject by the income approach?
$138,000
$141,115
,$144,000
$148,230 - ....ANSWER...$138,000
If a property is subject to rent controls, you probably will
be unable to employ
A cost approach
A Gross Rent Multiplier approach
An Income Capitalization approach
A Sales Comparison Approach - ....ANSWER...A Gross
Rent Multiplier approach
A triplex has 2,990 SF of GBA with three identical units
each with 5 rooms, 2 bedrooms, 1 bathroom. It sold for
$428,000. What is the indicated sale price per square foot
of GBA?
$143.14
$149.52
$152.67
$156.77 - ....ANSWER...$143.14
, A property has four units. 2 are rented for $700, 1 for $725,
and 1 for $775. The market rent for each unit is $750 per
month. The indicated GRM is 118. What is the indicated
value for the subject by the income approach?
$342,200
$345,000
$354,000
$360,000 - ....ANSWER...$354,000
What report form would an appraiser use when completing
an appraisal for a Fannie Mae loan on a 2-unit property
located in a condominium development?
SRIPAR (1025)
Condo form (1073)
URAR (1004)
Co-op form (1075) - ....ANSWER...SRIPAR (1025)
