CHAPTER 4 - SECTION 3 QUESTIONS
WITH CORRECT ANSWERS 2025
AnKappraiser,KcompilingKaKneighborhoodKanalysis,KwouldKNOTKincludeKinformationKaboutKwhichKofKtheKfoll
owing:K-KcorrectKanswer-ethnicKcharacteristicsKofKtheKresidents
WhenKanKappraiserKassignsKvalueKtoKtheKrightsKtoKfutureKincome,KheKorKsheKisKmostKlikelyKusingKthe?K-
KcorrectKanswer-capitalizationKapproach
ValueKisKbestKdescribedKas?K-KcorrectKanswer-presentKworthKofKfutureKbenefits
WhichKofKtheKfollowingKprinciplesKofKvalueKwouldKaKrealKestateKsalespersonKconsiderKfirstKwhenKdoingKaKC
MAK(competitiveKmarketKanalysis)?K-KcorrectKanswer-theKprincipleKofKconformity
TheKperiodKofKtimeKoverKwhichKaKpropertyKgivesKbenefitKtoKitsKownerKisKcalled:K-KcorrectKanswer-
economicKlife
AKbuildingKbadlyKinKneedKofKcleaning,KpaintingKandKminorKrepairsKisKanKexampleKof:K-KcorrectKanswer-
physicalKdeteriorationK-Kcurable
AKbuyerKlookedKatKfourKsimilarKhousesKforKsaleKinKtheKsameKneighborhood.KTheKbuyerKpurchasedKtheKhous
eKwithKtheKlowestKaskingKprice.KTheKbuyer'sKdecisionKisKanKexampleKofKwhichKappraisalKprinciple?K-
KcorrectKanswer-substitution
DepreciationKforKappraisalKpurposesKisKtheKsameKasKdepreciationKforKtaxKpurposes.KT/FK-KcorrectKanswer-
False
FindingKaKpropertyKisKinKneedKofKaKreallyKgoodKpaintKjob,KanKappraiserKwouldKsayKthatKtheKpropertyKsuffersKf
rom:K-KcorrectKanswer-physicalKdeterioration
WhichKofKtheKfollowingKtypesKofKdepreciationKwouldKbeKleastKlikelyKtoKbeKcurable?K-KcorrectKanswer-
economicKobsolescence
WITH CORRECT ANSWERS 2025
AnKappraiser,KcompilingKaKneighborhoodKanalysis,KwouldKNOTKincludeKinformationKaboutKwhichKofKtheKfoll
owing:K-KcorrectKanswer-ethnicKcharacteristicsKofKtheKresidents
WhenKanKappraiserKassignsKvalueKtoKtheKrightsKtoKfutureKincome,KheKorKsheKisKmostKlikelyKusingKthe?K-
KcorrectKanswer-capitalizationKapproach
ValueKisKbestKdescribedKas?K-KcorrectKanswer-presentKworthKofKfutureKbenefits
WhichKofKtheKfollowingKprinciplesKofKvalueKwouldKaKrealKestateKsalespersonKconsiderKfirstKwhenKdoingKaKC
MAK(competitiveKmarketKanalysis)?K-KcorrectKanswer-theKprincipleKofKconformity
TheKperiodKofKtimeKoverKwhichKaKpropertyKgivesKbenefitKtoKitsKownerKisKcalled:K-KcorrectKanswer-
economicKlife
AKbuildingKbadlyKinKneedKofKcleaning,KpaintingKandKminorKrepairsKisKanKexampleKof:K-KcorrectKanswer-
physicalKdeteriorationK-Kcurable
AKbuyerKlookedKatKfourKsimilarKhousesKforKsaleKinKtheKsameKneighborhood.KTheKbuyerKpurchasedKtheKhous
eKwithKtheKlowestKaskingKprice.KTheKbuyer'sKdecisionKisKanKexampleKofKwhichKappraisalKprinciple?K-
KcorrectKanswer-substitution
DepreciationKforKappraisalKpurposesKisKtheKsameKasKdepreciationKforKtaxKpurposes.KT/FK-KcorrectKanswer-
False
FindingKaKpropertyKisKinKneedKofKaKreallyKgoodKpaintKjob,KanKappraiserKwouldKsayKthatKtheKpropertyKsuffersKf
rom:K-KcorrectKanswer-physicalKdeterioration
WhichKofKtheKfollowingKtypesKofKdepreciationKwouldKbeKleastKlikelyKtoKbeKcurable?K-KcorrectKanswer-
economicKobsolescence