procedures Flashcards
What is a hypothetical condition?
Valuing a property under a condition that they know is false
An appraiser must comply with the scope of work rule when completing an:
appraisal assignment
An appraiser sees an underground storage tank. If there is no evidence of any observable leaks, the appraiser could indicate a value opinion based on the _____ that the tank is not leaking.
extraordinary assumption
The appraiser must be prepared to demonstrate that the scope of work is sufficient to produce_____
credible assignment results
A condition, directly related to a specific assignment, which is contrary to what is known by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis.
hypothetical condition
A properties known zoning is residential, but an appraiser values it on the basis of it’s zoning being commercial. The appraiser has used ____ in this appraisal?
A hypothetical condition
What two dates must an appraisal report contain?
effective date of appraisal and date of report
The intended user of the appraisal is the _____, and any other user, as identified by ____.
client, name or type
Where can you obtain topographical maps?
Topozone
The most commonly used land appraisal report form is
a generic form
The subdivision development method of land valuation is a variation of
discounted cash flow analysis
What is the power of the government to take private property for the public good?
eminent domain
Where is the HUD label on a manufactured home found?
It’s a metal tag outside the home
True or False: Modular homes have no permanently attached tags or labels that identify them as modular home?
True
What are the main support beams for homes called?
Girders
What is not a disadvantage of hot water heat?
It is inefficient and creates drafts and dust
Why are u-shaped traps installed under every plumbing fixture?
To prevent sewer gases from venting back into the house
Materials that transfer heat and energy more quickly are called_____
conductors
An inch of wood has an R-factor of approximately
1
In electricity, voltage measures _____, while amperage measures _____
pressure, volume
A ____ home has a permanent steel chassis, wheels and axles
Modular
What is a reversible air conditioner called?
heat pump