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Basic Appraisal Procedures Q&A
Basic Appraisal Procedures Q&A That which is taken to be true - ANSWER Assumption The context for the appraiser's opinions and conclusions. Effective dates can be current, retrospective, or prospective - ANSWER Effective Date Estimated length of time a property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal. - ANSWER Exposure Time An assumpt...
- Exam (elaborations)
- • 15 pages •
Basic Appraisal Procedures Q&A That which is taken to be true - ANSWER Assumption The context for the appraiser's opinions and conclusions. Effective dates can be current, retrospective, or prospective - ANSWER Effective Date Estimated length of time a property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal. - ANSWER Exposure Time An assumpt...
Basic Appraisal Procedures Q&A 2023/2024
Basic Appraisal Procedures Q&A 2023/2024 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 - 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 is its value by...
- Exam (elaborations)
- • 8 pages •
Basic Appraisal Procedures Q&A 2023/2024 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 - 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 is its value by...
Exam (elaborations) basic appraisal procedures
Exam (elaborations) basic appraisal procedures Chapter 1: "An assignment-specific assumption, as of the effective date, which, if found to be false, could alter the appraiser's opinions or conclusions" is the definition of extraordinary assumption hypothetical condition assumption retrospective value - ANSWER extraordinary assumption Chapter 1: A step-by-step procedure that can be applied to any type of appraisal assignment is the income approach the ...
- Exam (elaborations)
- • 53 pages •
Exam (elaborations) basic appraisal procedures Chapter 1: "An assignment-specific assumption, as of the effective date, which, if found to be false, could alter the appraiser's opinions or conclusions" is the definition of extraordinary assumption hypothetical condition assumption retrospective value - ANSWER extraordinary assumption Chapter 1: A step-by-step procedure that can be applied to any type of appraisal assignment is the income approach the ...