SALES COMPARISON TECHNIQUES- EXAM QUESTIONS
WITH 100% CORRECT ANSW..
The appraiser's opinion of value, typically presented in a written format is
referred to as a(n): Answer - appraisal report.
Which of the following approaches to value involves the process of developing
an opinion of value based on the amount of income that the property is
expected to produce? Answer - Income approach
Which of the following is not one of the basic steps of the appraisal process?
Answer - Conceal the assignment results
To define the problem, appraisers need to identify all of the following, except
the: Answer - rate of commission.
In order for the appraiser to know why he or she is being hired to appraise the
property, they must identify the: Answer - intended use of the appraisal.
The property being appraised is called the: Answer - subject property.
A loss in value from any cause is known as: Answer - depreciation.
WITH 100% CORRECT ANSW..
The appraiser's opinion of value, typically presented in a written format is
referred to as a(n): Answer - appraisal report.
Which of the following approaches to value involves the process of developing
an opinion of value based on the amount of income that the property is
expected to produce? Answer - Income approach
Which of the following is not one of the basic steps of the appraisal process?
Answer - Conceal the assignment results
To define the problem, appraisers need to identify all of the following, except
the: Answer - rate of commission.
In order for the appraiser to know why he or she is being hired to appraise the
property, they must identify the: Answer - intended use of the appraisal.
The property being appraised is called the: Answer - subject property.
A loss in value from any cause is known as: Answer - depreciation.
