Texas Real Estate Appraisal-SAE Course Questions and Answers | Latest Update | 2024/2025 | Already Passed

Texas Real Estate Appraisal-SAE Course Questions and Answers | Latest Update | 2024/2025 | Already Passed **What benefits does proper drainage provide for a building site?** **Protects the foundation** **Which method converts a single year's expected income into a market value?** **Direct Capitalization** **What are the basic property rights, including possession, control, exclusion, enjoyment, and what else?** **Disposition** **If consumers are interested in potential rate of return, what type of value may they be seeking?** **Investment Value** **How does the sales comparison approach adjust for differences?** **By adding or subtracting a dollar value or percentage from the sales price of the comparable property** **What best describes vacancy and collection losses in property valuation?** **A percentage of potential gross income based on market conditions, property specifics, and appraiser's judgment** **In the acronym MARIA for determining fixture status, what does the 'I' stand for?** **Intention in placing item on land** **Darren, who set up a land trust for his children's benefit, is the ______.** **Trustor** **When a neighborhood is fully developed, what status does it typically have in the Uniform Residential Appraisal Report?** **Stable** **In the second step of the appraisal process, what is another term used to describe identifying the needed data?** **Determine the scope of work** **In yield capitalization, what is a discount rate applied to?** **Future income** **Which group develops minimum federal licensing and certification requirements for real property appraisers?** **Appraisal Qualifications Board**