When
performing an appraisal, the appraiser uses reconciliation in
(Check all that apply)

the sales-comparison approach
the final value estimate
the income-capitalization approach
neighborhood analysis
site analysis

Question
2

Multiple
Answer

(1.0000
points)

Question:

What
is the best final value estimate on an appraisal that indicates a
value of $92,500 using the sales-comparison approach, $90,000
using the income-capitalization approach, and $96,000 using the
cost-depreciation approach? An analysis of the marketplace
indicates that 35% of the neighborhood was built in the past five
years and 25% of the neighborhood is rental property.

$90,000
$92,500
$92,833
$93,100
$96,000

Question
3

Multiple
Answer

(1.0000
points)

Question:

Which
of the following techniques might be used in determining the
weights to be used in a weighted average technique of
reconciliation?
(Check all that apply)

neighborhood market driven weights
simple averages
Spearman's technique
use of published benchmarks
Bayesian inference

Question
4

Multiple
Answer

(1.0000
points)

Question:

An
examination of six comparable sales indicated the following
adjusted sales prices: $91,500, $93,900, $94,000, $92,000, 92,900,
and $92,000. What is the best estimate of the most probable sales
price?

$92,000
$92,500
$92,717
$92,900
$93,000

Question
5

Multiple
Answer

(1.0000
points)

Question:

Which
of the following appraisal reports are the most likely to be used
for an appraiser performing an appraisal on a single family home
for a bank considering financing the property?
(Check all that apply)