Valuation & Appraisal Podcast

Under the replacement cost approach of appraisal, an appraiser is least interested in:

All of the following have a specific dollar value, except:

The appraisal process which allocates a percentage of a property’s total value to the land and a percentage to the improvements is known as:

All of the following affect real estate values in subsequent years, except:

All of the following are one of the four important elements of value, except:

An appraiser views the addition of an amenity to an apartment building under which appraisal principle?

In which appraisal approach to value would the value for the land be calculated separately?

Return of an investor’s investment is provided for through:

A capitalization rate of 8% on a property with $40,000 NOI indicates a value of:

Owner converted master bedroom into 'granny flat' costing $50,000 but adding $30,000 value. Later, kitchen remodel cost $15,000 but added $20,000 value. Which statement is correct?

To determine the accrued depreciation for a property, a buyer’s best resource is a(n):

In Texas, functional obsolescence includes:

The appraisal approach that estimates value by comparing a property to similar recently sold properties is the:

Which of the following is the least important factor used to determine the market value of a property?

Which appraisal report type do California lenders commonly rely on for single-family residence financing?

In Florida, the sales comparison approach is most commonly used for:

The sales comparison approach adjusts for differences by:

Example of economic obsolescence in real estate?

What contributes to the value of a well planned neighborhood versus a poorly planned neighborhood?

In Texas, a comparative market analysis (CMA) can be prepared by: