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Real Estate Principals lesson 10

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
when is an appraisal good?   show
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show is guilty of a felony  
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show define problem,make a preliminary survey,collect data,correlate data, estimate the final data  
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what is unimportant when determining value?   show
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Does an appraiser average?   show
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show appraise the land for the highest value by subtracting demolition costs  
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what is an appraiser most interested in?   show
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Three types of Appraisal reports?   show
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Narrative report includes everything but?   show
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1 acre =   show
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a commercial acre =   show
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if rapid turnover doesn't stabilize value what does?   show
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progression?   show
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regression?   show
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Principal of substitution?   show
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show use,income, or design  
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show the use which will most likely produce the greatest net income  
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show determine highest and best use  
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how would an appraiser determine highest and best use?   show
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principal of contribution?   show
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show LCCL Labor,coordination,capital, land  
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in principal of productivity which is the last to be satisfied?   show
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value?   show
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show willing seller and willing buyer  
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show sentimental value  
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Cost   show
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price   show
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show DUST Demand,utility, Scarcity, Transferability  
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show PEGS Physical,economic,government,social  
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show southwest corner of the intersection  
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show Two plots together is better than one  
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show Some limited irregularity for residential property is best  
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show Beneficial influence (solar panels)  
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show Placement of a house on its lot  
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show increase in value due to inflation or increase in population  
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show an increase in value over time  
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