1|Page
BASIC APPRAISAL PRINCIPLES FINAL EXAM TEST
2025/ 2026 NEWEST COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS WITH
RATIONALES (100% CORRECT ANSWERS) /ALREADY
GRADED A+||LATEST EXAM!!
The current number of appraisal education hours required
for Certified Residential Appraiser applicants is ______
hours. - Answer-200
65% of the houses in a neighborhood are split levels and
15% are ranches. There are a total of 300 houses. How
many are ranches? - Answer-45
The interest rate that banks charge when lending money
to their highest rated customers is called the __________
rate. - Answer-prime
"The interaction of buyers and sellers who trade long-term
or intermediate-term money instruments" is the definition
of the _____________ market. - Answer-capital
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Which of the following is a characteristic of an effective
market?
prices relatively low
supply and demand operate freely
buyers and sellers act rationally
all of the above - Answer-all of the above
Which is NOT a characteristic of tenancy in common?
no limit to the number of tenants in common
the ownership does not have to be in equal amounts
there is a right of survivorship
interest can be sold or passed to heirs - Answer-there is a
right of survivorship
USPAP requires an appraiser to be - Answer-objective
Eric pays $35,000 to have an inground swimming pool
constructed in his back yard. When he sells the property,
he only receives $10,000 more for his property than what
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similar property sold for without a pool. This is an example
of the principle of - Answer-contribution
Which of the following is NOT a characteristic of land?
mobility
unique location
durability
finite supply - Answer-mobility
Supply and demand move in a(n) ____________
relationship. - Answer-inverse
The first appraiser organizations were formed in the -
Answer-1930s
When comparing printers, make sure to compare the cost
per - Answer-printed page
"A mortgage in which the interest rate may move up or
down, following a specified schedule or in accordance with
the movements of a standard or index to which it is tied" is
BASIC APPRAISAL PRINCIPLES FINAL EXAM TEST
2025/ 2026 NEWEST COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS WITH
RATIONALES (100% CORRECT ANSWERS) /ALREADY
GRADED A+||LATEST EXAM!!
The current number of appraisal education hours required
for Certified Residential Appraiser applicants is ______
hours. - Answer-200
65% of the houses in a neighborhood are split levels and
15% are ranches. There are a total of 300 houses. How
many are ranches? - Answer-45
The interest rate that banks charge when lending money
to their highest rated customers is called the __________
rate. - Answer-prime
"The interaction of buyers and sellers who trade long-term
or intermediate-term money instruments" is the definition
of the _____________ market. - Answer-capital
,2|Page
Which of the following is a characteristic of an effective
market?
prices relatively low
supply and demand operate freely
buyers and sellers act rationally
all of the above - Answer-all of the above
Which is NOT a characteristic of tenancy in common?
no limit to the number of tenants in common
the ownership does not have to be in equal amounts
there is a right of survivorship
interest can be sold or passed to heirs - Answer-there is a
right of survivorship
USPAP requires an appraiser to be - Answer-objective
Eric pays $35,000 to have an inground swimming pool
constructed in his back yard. When he sells the property,
he only receives $10,000 more for his property than what
, 3|Page
similar property sold for without a pool. This is an example
of the principle of - Answer-contribution
Which of the following is NOT a characteristic of land?
mobility
unique location
durability
finite supply - Answer-mobility
Supply and demand move in a(n) ____________
relationship. - Answer-inverse
The first appraiser organizations were formed in the -
Answer-1930s
When comparing printers, make sure to compare the cost
per - Answer-printed page
"A mortgage in which the interest rate may move up or
down, following a specified schedule or in accordance with
the movements of a standard or index to which it is tied" is
