Part 11 - Standards 5-10 Flashcards
1
Q
Mass appraisal is the process of valuing a ____________ of ___________
As of a given ___________
A
Universe of properties
149
2
Q
T/F - Procedures for collecting, validating, and reporting data must be summarized in a written mass appraisal report
A
True
150
3
Q
T/F - Personal property has no highest and best use
A
True
152
4
Q
The term ____________ ___________ is not commonly used in personal property, but us common in real property
A
Market value
152
5
Q
T/F - In personal property, each person signing can only take responsibility only for the sections that they participated in
A
True
154
