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Basic Appraisal Principles Mckissock
Questions and Correct Answers/ Latest
Update / Already Graded
The intent of USPAP is to ____________ a high level of __________ in
professional appraisal practice.
Ans: promote and maintain, public trust
Which of the following would NOT be considered a governmental
influence on value?
Ans: wage levels
Which would NOT be considered factors in supply analysis?
Ans: employment rates
Which of these would be considered a public restriction on real
property ownership?
Ans: escheat
The number of required experience hours for Certified General
Appraiser applicants is ____ hours.
All rights reserved © 2025/ 2026 |
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Ans: 3000
Real estate includes all of the following EXCEPT
Ans: Property Rights
The real property market is generally classified as a(n) __________
market.
Ans: Imperfect
The price expected for a whole property, e.g., a house, or a part of a
property, e.g., a plumbing fixture, that is removed from the premises
usually for use elsewhere" is the definition of ____________ value.
Ans: Salvage
The geographic region from which a majority of demand comes and
which the majority of the competition is located" is the definition of
Ans: market area
The ownership interest held by the lessor, which includes the right to
receive the contract rent specified in the lease plus the reversionary
right when the lease expires" is the definition of
All rights reserved © 2025/ 2026 |
Basic Appraisal Principles Mckissock
Questions and Correct Answers/ Latest
Update / Already Graded
The intent of USPAP is to ____________ a high level of __________ in
professional appraisal practice.
Ans: promote and maintain, public trust
Which of the following would NOT be considered a governmental
influence on value?
Ans: wage levels
Which would NOT be considered factors in supply analysis?
Ans: employment rates
Which of these would be considered a public restriction on real
property ownership?
Ans: escheat
The number of required experience hours for Certified General
Appraiser applicants is ____ hours.
All rights reserved © 2025/ 2026 |
, Page |2
Ans: 3000
Real estate includes all of the following EXCEPT
Ans: Property Rights
The real property market is generally classified as a(n) __________
market.
Ans: Imperfect
The price expected for a whole property, e.g., a house, or a part of a
property, e.g., a plumbing fixture, that is removed from the premises
usually for use elsewhere" is the definition of ____________ value.
Ans: Salvage
The geographic region from which a majority of demand comes and
which the majority of the competition is located" is the definition of
Ans: market area
The ownership interest held by the lessor, which includes the right to
receive the contract rent specified in the lease plus the reversionary
right when the lease expires" is the definition of
All rights reserved © 2025/ 2026 |
