The CE Shop- SAE Appraisal Exam 2024.
Table - ANSWER An amortization is an example of data presentation using a
Formal Appraisal - ANSWER Another term
... [Show More] for a valuation is ______.
Cost of Capital - ANSWER Most investors have a minimum rate of return they
require from their investment; this is known as...
Direct Capitalization - ANSWER This process converts a single years expected
income to value. It doesn't consider future resale value or future income streams,
and primarily used with properties where yearly income doesn't vary a lot over
time.
Siting - ANSWER Positioning a house on a lot in order to take advantage of a
view is called
Reserves for Replacement - ANSWER When reconstructing an operating
statement, what's the term for the amount an appraiser records to cover the cost
of capital improvements to the property, such as a roof replacement?
The present value of the investment - ANSWER The annuity factors table
provides a factor that's multiplied by the investors desired level of annual income
to learn
The relationship between scheduled rent and the market rent - ANSWER
What dictates a leasehold estate value?
Entrepreneurial Profit - ANSWER Which type of cost included in the quantity
survey method relates to the cost associated with the developers function?
The U.S. Green Building Council - ANSWER Which organization issues the
LEED certification?
Plat Map - ANSWER A detail survey map of a subdivision that includes
boundaries, measurements, and distances between points
Age of the comparable property's improvements - ANSWER In the fourth step
of the market extraction method, an appraiser divides the overall depreciation
rate by the ______ to determine an annual depreciation rate.
Three - ANSWER The sixth step in appraiser's process for finding the value of
a property describes______possible approaches to valuation.
The CE Shop- SAE Appraisal Exam 2024
They don't require a general partner - ANSWER Limited liability companies
and limited liability partnerships are favorable forms of business because
Ground Rent Capitalization - ANSWER The _____ method of land valuation
converts the amount of yearly income a site will produce into a value using a
capitalization rate.
Joint Tenancy - ANSWER Provides equal ownership shares w undivided
possession rights and requires ownership unities: time, title, interest, and
possession. Includes the right of survivorship.
Sale prices for comparable properties - ANSWER What information is needed
to complete both CMA an an appraisal
Interest rates and employment trends - ANSWER Which of the following is an
example of an economic influencer of property value?
On the Fannie Mae website - ANSWER Where can the Universal Appraisal
Dataset and the Uniform Collateral Data Portal be found?
Assessed Value - ANSWER What type of value is of interest to taxing
authorities
General data on the geographic and economic features and specific data on the
subject site - ANSWER What types of data are always needed to complete an
appraisal?
R-Value - ANSWER Rating is given to insulation to describe its effectiveness?
Improvements - ANSWER Where on the Uniform Residential Appraisal
Report is information about the building's exterior and interior materials and
condition noted?
Net - ANSWER Is one in which the tenant pays some extra expenses such as
taxes, maintenance, or insurance for the property
The Outer Walls - ANSWER Where's the load carried when a roof truss system
is in place
Insured Value - ANSWER Which of the following is the cost of replacing a
building in the case of total loss?
Feet - ANSWER Which of the following units of measurement is used when
determining the length of a wall? [Show Less]