Basic Appraisal Procedures COMILED EXAM PACKAGE DEAL GRADED A+

Valuation Process - Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value Appraisal Process - 1. Define Problem 2. Determine scope of work 3. Gather Record & verify dat 4. determine highest and best use 5. estimate land value 6. ...

A single unit residence sold for $126,000. It was rented for $1,100 per month but the market rent was $1,200. What is the GRM indicated by this sale? - 105.0 A building was constructed in July 2000 for $754,200. The cost index at that time was 133.6. The current cost index is 201.8. What is the i...

grant deed - deed containing, or having implied by law, some but not all of the usual covenants of title Appraiser - One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. report - any communication, written or oral, of an app...

ASC (Appraisal Subcommittee) - The _____ has oversight authority over state appraisal boards. consideration, in writing and signed, and lawful objective - Which of the below is a requirement of a valid real estate contract? capital - "The interaction of buyers and sellers who trade long-term or ...

Assumption - That which is taken to be true Effective Date - The context for the appraiser's opinions and conclusions. Effective dates can be current, retrospective, or prospective Exposure Time - Estimated length of time a property interest being appraised would have been offered on the market...

An appraiser paid a referral fee in conjunction with an assignment. Which statement is TRUE regarding this situation, according to USPAP? - The appraiser must disclose that a fee was paid, but does not have to disclose the amount paid. An appraiser finds out after completing an appraisal that the...