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Real Estate Appraisal
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Real Estate Appraisal
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25 Questions

1. Value based on sale within a relatively short period of time.

2. The process of providing information - analysis of real estate data and recommendations and/or conclusions

3. An estate that includes possession without title.

4. The type and extent of research and analyses in an assignment.

5. Economic Concept. The price of a good rises and falls depending on how many people want it (demand) and depending on how much of the good is available (supply).

6. The value of an ongoing business or project.

7. A mathematical expression of how supply and demand factors interact in a market.

8. The client and any other party as identified as users of the appraisal review - or appraisal consulting report.

9. 640 acres.

10. Taxes based on property value.

11. Services pertaining to aspects of property value.

12. An assumption directly related to a specific assignment - which - if found to be false - could alter the opinions or conclusions of the appraisal.

13. Production is maximized when Capital - Land - Labor and Management (Agents of Production) are in balance.

14. When supply and demand are out of balance. Too much competition

15. Runs north and south.

16. Requires both the land and the improvements to be valued for the same use - even if they are being valued separately.

17. Land that is not needed for the highest and best use of the site

18. 43 - 560 square feet

19. DUST - Demand - Utility - Scarcity - Transferability

20. The value of a component is equal to the amount of value it adds to the property as a whole.

21. Personalized evidence indicating authentication of the work performed by the appraiser and the acceptance of the responsibility for content - analyses - and the conclusions in the report.

22. An identifiable - fixed position from which measurements may be taken.

23. The value of the property is determined by the most profitable use to which the property may be put.

24. As the amount invested in other agents is incrementally increased - the rate of return on the investment will increase.

25. Any communication - written or oral - of an appraisal - appraisal review - or appraisal consulting service that is transmitted to the client upon completion of an assignment.

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