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Basic Appraisal Principles Review Exam
Study Guide 100% Verified.
Assessed Value - Answer✔Value based on ad valorem tax rolls.
Opinion of Value - Answer✔Assessment of property worth at a specific time.
Amenity - Answer✔Tangible benefit enhancing property attractiveness.
Purchase Power - Answer✔Influence of interest rates and unemployment on value.
Special-Use Property - Answer✔Classification for unique properties like hospitals.
Investment Value - Answer✔Value of an investment to a specific investor.
Insurable Value - Answer✔Value estimated for catastrophic loss coverage.
Development Costs - Answer✔Expenditures to prepare property for operation.
Historical Fact - Answer✔Once stated, it remains unchanged over time.
Catastrophic Loss - Answer✔Significant damage from events like fire or flood.
amenities - Answer✔Utility is found in design features called
Four factors of value - Answer✔Utility, scarcity, desire and effectiveness
1|Page
Basic Appraisal Principles Review Exam
Study Guide 100% Verified.
Assessed Value - Answer✔Value based on ad valorem tax rolls.
Opinion of Value - Answer✔Assessment of property worth at a specific time.
Amenity - Answer✔Tangible benefit enhancing property attractiveness.
Purchase Power - Answer✔Influence of interest rates and unemployment on value.
Special-Use Property - Answer✔Classification for unique properties like hospitals.
Investment Value - Answer✔Value of an investment to a specific investor.
Insurable Value - Answer✔Value estimated for catastrophic loss coverage.
Development Costs - Answer✔Expenditures to prepare property for operation.
Historical Fact - Answer✔Once stated, it remains unchanged over time.
Catastrophic Loss - Answer✔Significant damage from events like fire or flood.
amenities - Answer✔Utility is found in design features called
Four factors of value - Answer✔Utility, scarcity, desire and effectiveness
1|Page
