Part 2 From Analysis To Solutions

Question 1

__________ is used when vacant sales are unavailable, so we subtract the cost of the improvement from the sales price to extract the value of the land

Answer 1

Extraction

2-25

Question 2

In ___________ the appraiser analyzes improved property sales and allocates prices paid between the improved land and total property usually on a ratio basis

Answer 2

Allocation

2-25

Question 3

Under __________ comparison the appraiser searches for sales and similar vacant parcels

Answer 3

Sales

2-24

Question 4

T/F Three sources of depreciation are
1 physical deterioration
2 functional obsolescence
3 internal obsolescence

Answer 4

False

External obsolescence

2-27

Question 5

SSII stands for
Superior
Subtract

Inferior
Increase

Answer 5

True

2-28

Question 6

Market conditions are commonly known as _______ adjustments

A condition
B time
C economic
D fishing

Answer 6

B Time

2-29

Question 7

The Reconciliation of Value Indications takes place:

A At the beginning of the valuation process

B Throughout the valuation process

C At the end of the valuation process

Answer 7

B Throughout

2-30

Question 8

The goal of reporting your credible assignment results is to not be ___________

A misleading
B a clown
C truthful
D vague

Answer 8

Misleading

2-30