Name: Homework 10

Instructions:

 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