Texas SAE Appraisal Exam 2025: Practice Test & Study Guide

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Texas SAE Real Estate Appraisal Exam Newest 2025

Actual Exam Test Bank| Complete 400 Real Exam

Questions and Verified Answers (100% Correct

Answers) Texas SAE Real Estate Appraisal Exam

Review 2025(Brand New!)

Which value-influencing DUST factor addresses the ease with

which the property can be conveyed to another? .....ANSWER.....

Transferability

Which of the following formulas is used with the index method to

find the reproduction cost? .....ANSWER..... Present index ÷ Index

at time of construction x Original cost = Present cost

To arrive at the present cost, the appraiser applies a factor that

represents the costs of construction over time up to the appraisal

date (present index ÷ index at time of construction) multiplied by

the subject building's original cost.

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When possible, comparable sales from ______ should be used.

.....ANSWER..... The same neighborhood

Ownership in a planned unit development consists of ______.

.....ANSWER..... A parcel of land, the structures on it, and shared

common areas

In what way is taxation an inherent burden on private

landownership? .....ANSWER..... Unpaid taxes become a lien

against the property.

Bianca wants to buy a cooperative, but she's unsure that she can

afford it. With a cooperative, her share of mortgage interest

and real estate taxes will be ______. .....ANSWER..... Deductible

on her personal income tax returns

As the resident in a cooperative, her share of mortgage interest

and real estate taxes is deductible on personal income tax

returns.

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The Appraiser Independence Requirements protect which party

or parties? .....ANSWER..... The appraiser, the lender, and the

consumer

Using the gross income multiplier (GIM) valuation method, a

property's sales price is divided by its gross income. If a

property has a sales price of $100,000 and gross income of

$10,000, what is its GIM? .....ANSWER..... 10X

(100,000/10,000)

Which professional is hired by the buyer and lender to give an

opinion of value of the property? .....ANSWER..... Appraiser

Which of the following best describes how an appraiser

reconciles the adjusted sales prices of the comparable properties

to indicate the value of the subject property? .....ANSWER..... The

appraiser selects the adjusted sales price of the property most

like the subject to use as the indicated value.

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What is the definition of an appraisal? .....ANSWER..... An

estimate of value for a specific purpose, party, and property as

of a specific date

Which of the following properties requires the appraiser to

include information about the monthly fees charged by the

property management, the location of the subject property within

a community, and the areas considered private or public?

.....ANSWER..... Condo Unit

If Mega Corporation owns real property, chances are it owns it

in ______. .....ANSWER..... Severalty Ownership

Corporations own property owned in severalty, like individuals

do.

James creates a trust to hold a piece of real estate he owns. He

directs a corporate fiduciary to hold title to the real estate and

provides instructions for the management, control, and disposition

of the real estate upon his death. Given that the trust only holds