basic appraisal principles

This class was created by Brainscape user Heather Rhoden. Visit their profile to learn more about the creator.

Decks in this class (47)

Module 1 Review Quiz
- Recognize components of ethical appraisal practice. - Recognize components of competent appraisal practice. - Recognize components of sufficient diligence in appraisal practice. - Identify six assignment elements in the problem identification process. - Define scope of work.
28  cards
Module 1 Vocab
Learn the vocab from module 1: The Appraiser and Public Trust
13  cards
Module 2 Vocab
Definition of air rights,
Something added or appended to a ...,
Definition of bundle of rights
27  cards
Module 2 Quiz
The tenant of a retail building o...,
An appraiser has observed a porta...,
The general characteristics of la...
14  cards
Module 3 Vocab
A _____ is a provision written in...,
The right to use another s land f...,
One of the 2 main types of easeme...
33  cards
Module 3 Quiz
Jeffrey cuts hair in an upscale s...,
A developer funded the constructi...,
Matt recently gained title to his...
11  cards
Practice Test: Chapters 1-3
Which of the following items are ...,
Mayes owns a property but has lea...,
Real estate is best described asa...
10  cards
Module 4 Vocab
Lines in the rectangular survey s...,
Land areas that are not divided i...,
A system for the legal descriptio...
25  cards
Module 4 Quiz
A land parcel located in section ...,
A parcel of land that is legally ...,
What is the square foot equivalen...
18  cards
Module 5 Vocab
Remaining condominium real estate...,
Type of ownership where the owner...,
A type of ownership where a corpo...
17  cards
Module 5 Quiz
The ________ has responsibility f...,
Which of the following is not a f...,
Rick and alice set up a living tr...
22  cards
Module 6 Vocab
_____ is used in property taxatio...,
Open spaces landscaped areas fenc...,
The acquisition process of eminen...
17  cards
Module 6 Quiz
Which of the following limitation...,
Unfortunately shelly died with no...,
Landlord smith received a notice ...
20  cards
Section 2 Practice Test - Mod 4-6
When a financial institution puts...,
Which of the following limitation...,
The hawthorns bought a condominiu...
14  cards
Module 7 Vocab
A type of involuntary transfer of...,
A ______ is something that is 1 v...,
A written legal instrument that c...
28  cards
Module 7 Quiz
What are the 5 requirements for a...,
The federal government receives a...,
When real property is purchased i...
25  cards
Module 8 Vocab
The value of a property according...,
1 the amount required to create p...,
A purchasers wish for an item to ...
16  cards
Module 8 Quiz
The four factors that create valu...,
_____ is an opinion of the worth ...,
When real property is sold by one...
11  cards
Module 9 Quiz
Market value is expressed as of a...,
The johnsons were motivated selle...,
Market value can be described as ...
10  cards
Module 9 Vocab
A sale betweeen unrelated parties...,
When the sale price of a transact...,
A financial payment special benef...
10  cards
Section 3 Practice Test - Mod 7-9
A typical option contract to purc...,
The total dollar expenditure to d...,
An increase in demand will typica...
14  cards
Module 10 Vocab
The production of goods services ...,
One of the 4 agents of production...,
One of the 4 forces that influenc...
11  cards
Module 10 Quiz
When analyzing geographic issues ...,
The light rail system is the resu...,
Stock market averages drop 50 of ...
11  cards
Module 11 Vocab
One of the economic principles __...,
One of the economic principles th...,
One of the economic principles __...
27  cards
Module 11 Quiz
Which of the following statements...,
Which principle states that the p...,
Anticipation is the expectation t...
11  cards
Module 12 Quiz
A young builder bought 20 acres o...,
A recent auction in downtown depu...,
In highest and best use the legal...
19  cards
Practice Test Section 4 - Mod 10-12
Which principle states that the p...,
Four forces impact value employme...,
Which principle states that real ...
15  cards
Module 13 Vocab
One of the two types of capital i...,
One of the two types of capital i...,
One of the two primary finance ag...
20  cards
Module 13 Quiz
An investors down payment is a fo...,
In the competition for real estat...,
An investor purchasing mortgage b...
32  cards
Module 14 Quiz
Learning Objectives: Solve basic math and percentage problems (using the T bar and Delta key on the calculator)
19  cards
Module 15 Quiz
What type of rate is used in the ...,
A motel off the interstate has a ...,
A purchaser applied for a 70 mort...
32  cards
Module 15 Vocab
When you divide the property tax ...,
1 the relationship of the gross s...,
The proportion of land area to gr...
5  cards
Practice Test Section 5 - Mod 13-15
Thompson paid an annual property ...,
Which of the following is not a m...,
Fannie mae freddie mac and ginnie...
10  cards
Module 16 Quiz
You are asked to appraise a singl...,
Which of the following measures i...,
Suppose you had the following sam...
14  cards
Module 16 Vocab
Arrangement of the data in ascend...,
The _____ is commonly referred to...,
The ____ is the positional averag...
18  cards
Module 17 Quiz
What is the monthly debt service ...,
What is the annual debt service o...,
Frederick purchased a property fo...
11  cards
Module 18 Vocab
No vocab for Module 17, this is the next one.
18  cards
Module 18 Quiz
An investment of 1 000 per month ...,
Interest paid earned on only the ...,
To increase a given future value ...
25  cards
Practice Test Section 6 - Mod 16-18
Kramer put 12 000 into an investm...,
What does rpn represent a rationa...,
Which of the following terms is c...
9  cards
Module 19 Vocab
A neighborhood characterized by h...,
A process of community change in ...,
4 stages of the life cycle of a n...
11  cards
Module 19 Quiz
A grain elevator corn fields low ...,
A market areas focus is on buyer ...,
Which type of district would incl...
13  cards
Module 20 Vocab
The act or process of developing ...,
_____ is a property service perfo...,
The act or process of developing ...
10  cards
Module 20 Quiz
An appraiser was unable to physic...,
An extraordinary assumption is an...,
Partners bank had questions about...
10  cards
Module 21 Quiz
Isaiah performed an appraisal ord...,
Tony purchased a two story brick ...,
You receive an order for a full a...
10  cards
Practice Test 7 - Mod 19-21
A group of complementary land use...,
A fully developed neighborhood co...,
Appraiser mills described the mar...
13  cards
Course Math Review
Math review for the whole course
12  cards
Course Review - Practice Test
Review of the whole course. 76 questions
76  cards

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basic appraisal principles

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