State Cert Exam - AI Test Questions, CGA Exact Questions and Answers | Latest Update
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Course
CGA
Institution
CGA
In preparing a market value appraisal with a retrospective date of value, is the appraiser
allow to consider any information after the effective date of value, and why?
Yes; the appraiser may use data subsequent to the effective date as a
confirmation of trends.
Which of the following values...
*State Cert Exam - AI Test Questions,
CGA Exact Questions and Answers |
Latest Update
In preparing a market value appraisal with a retrospective date of value, is the appraiser
allow to consider any information after the effective date of value, and why?
✓ Yes; the appraiser may use data subsequent to the effective date as a
confirmation of trends.
Which of the following values would a bank request for a new loan on an established hotel?
✓ Going concern value
Which of the following demand-side economic factors creates value?
✓ Desire & effective purchasing power
An appraiser concluded a market-derived 9% overall capitalization rate within the income
cap approach. The user of the appraisal asked the appraiser to render a second value based
upon the user's required 8.75% overall rate. What definition of value applies to the
In what part of the appraisal report must prior services be disclosed?
✓ Certification
What type of assignment should be employed to determine general conditions of supply,
demand, & pricing for a specific property type?
✓ Market analysis
The subject property is a 6,000 ft by 1,452 ft home site with a single-unit dwelling. When
the site was platted, there was no zoning. The current zoning requires a 160-acre minimum
site size for a residence. What is the status of the lot?
✓ Surplus land
The appraisal assignment of a building under construction requires a value as of the date of
stabilized occupancy. What value is required, and what assignment condition is employed?
✓ Prospective market value and extraordinary assumption
What principle describes the ability of an individual or group to participate in a market?
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