McKissock Basic Appraisal Principles I Final Exam Quiz with perfect answers 2024

ASC (Appraisal Subcommittee) correct answersThe _____ has oversight authority over state appraisal boards. consideration, in writing and signed, and lawful objective correct answersWhich of the below is a requirement of a valid real estate contract? capital correct answers"The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. market study correct answersAn analysis of the market conditions of supply, demand, and pricing for a specific property type in a specific area" is the definition of market correct answersA gathering of people for the buying and selling of things" is the definition of real estate correct answersWhich of the following types of investments has historically generated the highest return on investment? except property rights correct answersReal estate includes all of the following EXCEPT Impartiality, objectivity, and independence correct answersThe Conduct Section of the ETHICS RULE states, in part, that an appraiser must perform assignments with except assessors correct answersAll of the following could be participants in a real property market EXCEPT EDI, PDF correct answersTwenty years ago, most appraisal reports that were sent electronically were sent using _____ technology; today, most appraisals are sent electronically using a _______ format. not enough information to determine correct answersA property is owned as tenancy in severalty. How many owners are there? cooperative correct answersWhat type of property ownership is characterized by the purchase of shares of stock in a corporation, which provides a proprietary lease to occupy an apartment unit? executory correct answersA(n) __________ contract is one that is not been fully performed or completed.