National PSI Broker Exam prep Questions With Correct Answers

National /




PSI
/ /




Broker
/ /




Exam
/ /




prep Questions With Correct Answers
/ // // // // //




A /



broker
/ /



is
/ /



completing
/ //



a /



CMA
/ /



to
/ /



determine
/ /



the
/ /



potential
/ /



listing
/ /



price
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of
/ //



a /



seller's
/ /



home.
/ /

,/ Which /



/ of the following is NOT part of the final CMA given to the seller?
// // // // // // // // // // // // //




A)
Highest and best use evaluation // // // //




// B)
Comparable sales analysis // //




// C)
Adjustments to past sales // // //




// D)
Pictures of comparables - CORRECT ANSWERS(S)✔✔A)
// // // // //




The /



answer
/ /



is
/ /



highest
/ /



and
/ /



best
/ /



use
/ /



evaluation.
/ /



An
/ /



appraiser
/ /



does
/ //

,a /



highest and best use evaluation, which does not appear in a CMA.
/ // // // // // // // // // // //




Houses /



in
/ /



the
/ /



local
/ /



area
/ /



have
/ /



had
/ /



an
/ /



increase
/ /



in
/ /



sales
/ /



price
/ /



and
/ //



a /



decrease
/ /



in
/ /



days
/ /



on
/ /



the
/ /



market.
/ //



A /



broker
/ /



who
/ /



is
/ /

, attempting
/ /



to
/ /



determine
/ /



the
/ /



current
/ /



market
/ /



value
/ /



for
/ //



a residential listing would get the BEST estimate of value by using
// // // // // // // // // // //




A)
a GRM as the primary consideration to determine value.
// // // // // // // //




// B)
the cost approach with reproduction estimates.
// // // // //




// C)
comparables that are no more than six months old. // // // // // // // //




// D)
comparables /



that
/ /



are no more than 12 months old. - CORRECT ANSWERS(S)✔✔C)
/ // // // // // // // // //




The /



answer
/ /



is
/ /