Principles of Real Estate 2 Test | Questions with 100% Correct Answers | Verified
The appraised value of a property is: (a) The sale price (b) An opinion of value (c) A market analysis (d) The market value of a property - B For tax purposes the _______ is determined by the taxing authority. (a) assessed value (b) appraised value (c) market price (d) investment value - A In the appraisal report, the property being appraised is referred to as the _________ property. (a) Target property (b) Comparable property (c) Sold property (d) Subject property - D To satisfy an unpaid promissory note, ________ is the legal procedure whereby the secured property may be sold. (a) underwriting
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principles of real estate 2 test