McKissock Basic Appraisal Principles I Final Exam
Quiz
Terms in this set (90)
The _____ has oversight ASC (Appraisal Subcommittee)
authority over state
appraisal boards.
Which of the below is a consideration, in writing and signed, and lawful objective
requirement of a valid real
estate contract?
"The interaction of buyers capital
and sellers who trade long-
term or intermediate-term
money instruments" is the
definition of the _____________
market.
An analysis of the market market study
conditions of supply,
demand, and pricing for a
specific property type in a
specific area" is the
definition of
A gathering of people for market
the buying and selling of
things" is the definition of
Which of the following real estate
types of investments has
historically generated the
highest return on
investment?
, Real estate includes all of except property rights
the following EXCEPT
The Conduct Section of the Impartiality, objectivity, and independence
ETHICS RULE states, in part,
that an appraiser must
perform assignments with
All of the following could except assessors
be participants in a real
property market EXCEPT
Twenty years ago, most EDI, PDF
appraisal reports that were
sent electronically were
sent using _____ technology;
today, most appraisals are
sent electronically using a
_______ format.
A property is owned as not enough information to determine
tenancy in severalty. How
many owners are there?
What type of property cooperative
ownership is characterized
by the purchase of shares
of stock in a corporation,
which provides a
proprietary lease to occupy
an apartment unit?
A(n) __________ contract is one executory
that is not been fully
performed or completed.
Modern definitions of the estimate, opinion
word "appraisal" have
replaced the word _______
with ________.
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