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Name: Homework 10

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Instructions:  

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Question 1   Multiple Answer (1.0000 points)
  Question: 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)
 
    oral
form
letter
narrative
demonstration