The appraiser - Study guides, Class notes & Summaries

Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024 What does D.U.S.T. stand for? - answerDemand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance - answerLoan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its component parts. - answerprinciple of contribution the forces acting on a parcel of land are always affecting the value of the land - answerPRIN...

FAC3702 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 (601373) - DUE 2 April 2024 ; 100% TRUSTED workings, explanations and solutions. 0.6.7..1.7.1..1.7.3.9 for assistance....... KipKor Ltd is a sports shoe manufacturing company, situated in Mamelodi, Gauteng. The company has a 31 December year end. The following details relate to the assets of KipKor Ltd: Machine On 1 July 2022 Kipkor Ltd purchased a machine for an amount of R500 000. Included in the purchase consideration is an amount o...

Farming - correct answer Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - correct answer - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with options to purchase all or a portion of improved property of four or fewer residential units...

Business Appraisal Profession - correct answer 1) entire firms specializing in business appraisal 2) departments of firms primarily doing other things, such as CPA firms, banks, and multidisciplinary firms 3) part-time practitioners Business appraiser services - correct answer 1) An objective and independent valuation opinion of business interests 2) An advisory, or consulting (advocate), role in determining a value Market Approach - 3 Approaches to Value - correct answer 1) Principle of s...

The required minimum amounts of liability car insurance coverage in Maine Answer - 50/100/25 Would a ferry crashing between the coast of Maine and Nova Scotia a be covered by the personal auto insurance policy Answer - No Limit on Theft of Unscheduled Jewelry Answer - $1500 When insurer and insured cannot agree on loss Answer - they each hire an appraiser If the appraisers cannot agree on loss Answer - they select an umpire If the appraisers cannot agree on an umpire Answer - a ju...

New York State Auto Damage and Theft Quiz 17-71 Correctly Answered 2024/2024 Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: Direct loss Indirect loss Loss evaluation Consequential loss - CORRECT ANSWER-Consequential loss When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? The center...

A property owner constructs a six-car garage at a cost of $80,000. It only adds $40,000 in value to the property. What economic principle does this best demonstrate? CORRECT ANSWERS: Contribution What are the four agents of production? CORRECT ANSWERS: land, labor, capital, coordination The principle of contribution is most closely associated with: CORRECT ANSWERS: the Sales Comparison Approach (The contributory value of a given amenity is the public's perception of its actual contribu...

What is the difference between a unitized frame and a uni-body? - ANSWER-There is no difference. In a uni-body or unitized vehicle, the frame and body are incorporated into a single welded structure. Should exhaust damaged systems be welded and repaired, or replaced all together? - ANSWER-Replaced. Exhaust gases contain poisonous carbon monoxide and leaks could create dangerous conditions for passengers. The "Inside Out" sequence refers to... - ANSWER-Calculating Labor times SAI refer...

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...

What can proper drainage do for a building site? - Protect the foundation The ______ method converts a single year's expected income (or an annual average) into a market value. - Direct Capitalization Basic property rights include the rights of possession, control, exclusion, enjoyment, and ______. - Disposition What type of value may consumers be interested in if they are looking for the potential rate of return? - Investment Value How are adjustments made in the analysis used in the sa...