Basic Appraisal Procedures 50 Final Exam Questions And Answers

The first step in the valuation process is - ️️define the problem Appraisers are cautioned to identify the exact _______________ of market value, and its _______________, applicable in each appraisal completed for the purpose of market value. - ️️definition, authority "Real property for which the expansion, redevelopment, or reuse of the real estate may be complicated by the presence of environmental contamination that needs to be remediated to appropriate regulatory standards " is the definition of - ️️Brownsfield The ground rent capitalization method should only be used when appraising a property that is - ️️income-producing or suitable for income production "The total period a building lasts or is expected to last..." is the definition of _________ life. - ️️physical Parging is used on which kind of foundation wall? - ️️concrete block When developing an appraisal, you calculate the following GRMs for comparable properties: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9. What is the median of the GRMs? - ️️95.6 The most complex method of site valuation is the _______________ method. - ️️subdivision development