Intermediate gis Study guides, Class notes & Summaries

BASIC APPRAISAL PRINCIPLES TEST STUDY QUESTIONS True or False? When developing an opinion of site value of an improved property, an appraiser needs to consider the highest and best use of the property as though vacant. - ANS TRUE When developing an opinion of highest and best use, what is the final criteria that is applied? - ANS maximally productive A lot owner constructs a new 4,000 square foot home in a neighborhood of mostly 800 to 1,200 square foot homes. The value ...

BASIC APPRAISAL PRINCIPLES TEST STUDY QUESTIBASIC APPRAISAL PRINCIPLES TEST STUDY QUESTIONS True or False? When developing an opinion of site value of an improved property, an appraiser needs to consider the highest and best use of the property as though vacant. - ANS TRUE When developing an opinion of highest and best use, what is the final criteria that is applied? - ANS maximally productive A lot owner constructs a new 4,000 square foot home in a neighborhood of mostl...

hypothetical condition a condition, directly related to a specific assignment, which is contrary to what is KNOWN by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis. Extraordinary Assumption something that is BELIEVED to be True for the sake of the Appraisal... but may or may not be True as of the Effective Date of the Appraisal. Appraisal the act or process of developing an opinion of value Marketing Period ...