1 acre equals sq feet - Study guides, Class notes & Summaries
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Appraisal Institute Basic Appraisal Principles
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Appraisal Institute Basic Appraisal Principles 
 
 
 
Appraisal (ch.1) - ANS the act or process of developing an opinion of value 
 
What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership 
Financing and credit 
Litigation 
Tax matters 
Investment Decisions 
 
The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property 
 
Steps of the Valuation Proce...
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Basic Appraisal Principles Exam Question Review
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Basic Appraisal Principles Exam Question Review 
 
 
 
Which of the following items are considered to be personal property? 
a. a tree orchard 
b. built-in cabinetry 
c. furniture 
d. interior light fixtures - ANS c 
 
Mayes owns a property buy has leased it to Jacobs. Which term describes Jacobs' right in the property? 
a. Fee simple interest 
b. Leased fee interest 
c. Leasehold interest 
d. Lessor interest - ANS c 
 
Real estate is best described as 
a. everything resting on t...
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NYS Real Estate Exam Questions And Correct Answers. Complete Verified Solutions
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NYS Real Estate Exam Questions And Correct Answers. Complete Verified Solutions 
 
Which of the following is considered a fixed operating expense? utilities, cleaning expenses, insurance premiums, management fees. 
Insurance Premiums 
What is overage rent? 
Rent calculated on a percentage of sales volume 
what is the amount a buyer owes at closing equal to? 
The excess of the buyers debits over the buyers credits 
real estate agents are typically what kind of agent 
special agent 
what is the em...
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VA Practice Test 1 Exam with Complete Questions And Answers
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VA Practice Test 1 Exam with Complete 
Questions And Answers 
A couple executes a sales contract on their home after several counteroffers with the buyer. In 
this case, the seller is.... - answerGrantor 
1 acre equals ____ sq feet - answer43,560 
A primary residence is sold for $527,000 by a couple in the 28% tax bracket. The home was 
originally purchased by them eight years ago for $313,000 where the family lived for the entire 
eight years. How much will be paid in capital gains tax? - answe...
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Iaao 101 Exam Questions with Verified Answers (Graded A)
- Exam (elaborations) • 5 pages • 2023
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ad valorem - Answer- According to Value 
 
The basic responsibilities of an Appraiser to all taxable property. - Answer- 1. Discovery 
2. Listing 
3. Valuation 
 
The taxable location of personal property is referred to as its' - Answer- Situs 
 
The type of value usually estimated by an Appraiser is the - Answer- Market Value 
 
The effective tax rate reflects the ratio between what - Answer- The current tax bill and the property value 
 
Assessment level times the tax rate equals - Answer- Th...
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