Eminent domain - Study guides, Class notes & Summaries
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Basic Appraisal Procedures – McKissock test questions with verified solutions 2024.
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Valuation process 
A systematic procedure used in the valuation of real property. 
 
Steps: 
1: Define the problem 
 
2:Determine scope of work 
 
3:Gather, record, and verify the data 
 
4:Determine the highest and best use 
 
5:Estimate the land value 
 
6:Estimate value by each of the three approaches (if applicable) 
 
7:Reconcile the estimated values into the final opinion of value 
 
8:Report the final opinion of value 
 
 
 
Client 
The party or parties who engage, by employment or contra...
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Residential Market Analysis and Highest & Best Use
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The power of a given commodity to satisfy a need or want is called __________________. - Answer-Utility 
 
The development of a vacant land area is _____________ the highest and best use of the land. - Answer-Not Always 
 
The Consistent-Use Theory says the _______________ must all be valued considering the same highest and best use of the property - Answer-Land and the Buildings 
 
________________ involves subdividing the larger market into a workable study area. - Answer-Market Identification...
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Certified Pennsylvania Evaluator Exam (CPE) Questions And Answers 2023
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Certified Pennsylvania Evaluator Exam 
(CPE) Questions And Answers 2023 
Assessor - Correct Answer-Any person responsible for the valuation of real property for 
ad valorum taxation purposes 
Duties and Responsibilities of an Assessor - Correct Answer-Discovering, Listing, 
Valuing 
Clean & Green - Act 319 - Correct Answer-Has two values, Value in Use and Value in 
Exchange 
An Assessor is accountable to whom? - Correct Answer-Himself, taxpayers and all 
taxing authorities 
In order for an asses...
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Gold Coast Final Exam Questions and Answers 100% Solved
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Gold Coast Final Exam Questions and Answers 100% Solved What is the form you sign that says you will pay the loan back ? promissory note 
What is the post licensing grace period after first expiration ? none 
Deposits is a form of... valuable consideration 
Physical land and improvements real property 
Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both Yes 
What is the maximum fine per offense ? $5,000 per fine...
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RECA Fundamentals Exam Questions and Answers Already Passed
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Provincial Legislature 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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Colorado Real Estate Exam Prep/ 140 Questions and Answers
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Title Theory - lender owns, borrower has equitable title 
Hypothecation - pledging property as collateral for a loan without giving up possession 
Mortgagee - Lender 
Mortgagor - borrower 
Non Judicial foreclosure - *CO: Public trustee has power to foreclose 
1.Lender complains 2. Notice given 3. trustee sells after 125 days 
Strict foreclosure - No sale. 
Full legal title given to lender, loss of equity for borrower 
Judicial foreclosure - done through courts in *Title Theory states 
Conversion...
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iaao 101 Exam Questions with correct Answers
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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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Residential Market Analysis and Highest & Best Use Questions and Answers Already Passed
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Residential Market Analysis and Highest 
& Best Use Questions and Answers 
 
Already Passed 
 
The power of a given commodity to satisfy a need or want is called __________________. 
Utility 
 
The development of a vacant land area is _____________ the highest and best use of the land. 
Not Always 
 
The Consistent-Use Theory says the _______________ must all be valued considering the same 
highest and best use of the property Land and the Buildings 
 
________________ involves subdividing the l...
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Real Estate Express Final Exam Questions And Answers | Rated 100% Correct!!
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Real Estate Express Final Exam 
Nationally Accepted General Principles and Practices 
Real estate that includes non-physical interests, such as easements and 
restrictions is known as __ - CORRECT ANSWER-Real Property 
An item permanently attached to real property, such as an attached fence, is 
included in the definition of real property. 
Townships and sanctions - CORRECT ANSWER-A rectangular survey is 
composed of Townships that are square tracts of land six miles on each side. A 
township th...
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Florida Civics Literacy exam
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Florida Civics Literacy exam 
 
 
 
 
Which doc represents the supreme law of land? - ANSWER us constitution 
 
 
 
 
 
What does the US const., do? - ANSWER sets up federal govt. 
 
 
 
 
 
What is the first phrase of the US const.? - ANSWER " we the people " 
 
 
 
 
 
Whic...
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