Grms - Study guides, Class notes & Summaries

Basic Appraisal Procedures Exam with 100% Correct Answers When developing an appraisal, you calculate the following GRMs for comparable properties: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9. What is the mean of the GRMs? - Answer-96.3 "The process of valuing a universe of properties as of a given date using standard methodology, employing common data, and allowing for statistical testing" is the definition of -Answer-mass appraisal What is the most common type of framing currently bei...

The first step in the valuation process is - define the problem Appraisers are cautioned to identify the exact _______________ of market value, and its _______________, applicable in each appraisal completed for the purpose of market value. - definition, authority "Real property for which the expansion, redevelopment, or reuse of the real estate may be complicated by the presence of environmental contamination that needs to be remediated to appropriate regulatory standards " is the defin...

Basic Appraisal Procedures Exam Questions and Answers - Answer-An entrepreneur is taking on a development project, and by his calculations, he expects to receive a 25% return on his investment in the project. This 25% figure represents $252,000 - Answer-The subject is a 15 year old duplex that would cost $240,000 to build new today. It is in good condition and you estimate the effective age to be 10 years. Your estimate of total economic life is 50 years. Its land value is $60,000. What i...

Basic Appraisal Procedures- FINAL EXAM Questions And Answers 2024 The most common heating systems in residential construction today are -hot water -heat pumps -forced warm air -electric radiant - answerhot water A _______________ home has a permanent steel chassis, wheels and axles. -panelized -modular -pre-cut -manufactured - answermanufactured "The total period a building lasts or is expected to last..." is the definition of _________ life. -useful -expected -real -physical -...

Basic Appraisal Principles Final Exam Prep with Approved Solutions |Latest 2024/2025 In a particular market, there is a demand for 500 houses per year, and there are currently 1,500 houses for sale. What does this most likely indicate? ️ there is a three-year supply of homes currently for sale "A business arrangement in which two or more persons jointly own a business and share in its profits and losses" is the definition of ️ partner transferable development rights ship Property Ow...

Basic Appraisal Procedures- FINAL EXAM Q's / Questions With Verified Solutions The most common heating systems in residential construction today are -hot water -heat pumps -forced warm air -electric radiant - ANS hot water A _______________ home has a permanent steel chassis, wheels and axles. -panelized -modular -pre-cut -manufactured - ANS manufactured "The total period a building lasts or is expected to last..." is the definition of _________ life. -useful -...

Basic Appraisal Procedures Test Questions and Answers 100% Solved An entrepreneur is taking on a development project, and by his calculations, he expects to receive a 25% return on his investment in the project. This 25% figure represents $252,000 The subject is a 15 year old duplex that would cost $240,000 to build new today. It is in good condition and you estimate the effective age to be 10 years. Your estimate of total economic life is 50 years. Its land value is $60,000. What is i...

Basic Appraisal Procedures- FINAL EXAM Q's With 100% Correct Solutions | Graded A+ The most common heating systems in residential construction today are -hot water -heat pumps -forced warm air -electric radiant - ️️ -hot water A _______________ home has a permanent steel chassis, wheels and axles. -panelized -modular -pre-cut -manufactured - ️️ -manufactured "The total period a building lasts or is expected to last..." is the definition of _________ life. -useful -expec...

Basic Appraisal Procedures - FINAL EXAM 2024 Questions & Answers | 100% Correct | Verified The most common heating systems in residential construction today are -hot water -heat pumps -forced warm air -electric radiant - hot water A _______________ home has a permanent steel chassis, wheels and axles. -panelized -modular -pre-cut -manufactured - manufactured "The total period a building lasts or is expected to last..." is the definition of _________ life. -useful -...

Basic Appraisal Procedures- FINAL EXAM Questions And Answers 2024 The most common heating systems in residential construction today are -hot water -heat pumps -forced warm air -electric radiant - answerhot water A _______________ home has a permanent steel chassis, wheels and axles. -panelized -modular -pre-cut -manufactured - answermanufactured "The total period a building lasts or is expected to last..." is the definition of _________ life. -useful -expected -real -physical -...