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Name: Homework 7

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Instructions:  

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Question 1   Multiple Choice (1 points)
  Question: The form of an appraisal report
 
    has no influence on the appraisal framework followed.
is always exactly the same, regardless of the problem.
is determined by the amount of the fee.
determines the appraisal framework followed.
 

 
Question 2   Multiple Choice (1 points)
  Question: Value indications should be rounded to reflect the
 
    client's interest.
property's location.
most precise data used.
least precise data used.
 

 
Question 3   Multiple Choice (1 points)
  Question: An appraisal is made as of a specified date in order to do which of the following?
 
    Determine accurately the age of the structure identified in the assignment
Identify the market environment within which the value estimate is valid
Coincide with the date the seller accepts the buyer's offer
Provide an index date for the review appraiser
 

 
Question 4   Multiple Choice (1 points)
  Question: An appraiser is concluding an appraisal assignment in which three approaches were used. Each approach has yielded a slightly different result In the final estimation of value, the appraiser should do which of the following to resolve these differences in value?
 
    Average the results of all approaches.
Analyze the results to determine the weights to be given to each approach for a weighted average.
Consider only the result from the most appropriate approach.
Weigh each result equally, since the differences are only slight.
 

 
Question 5   Multiple Choice (1 points)
  Question: To comply with the uniform standards of professional appraisal, an appraiser must do all of the following EXCEPT:
 
    Identify and describe the real estate being appraised.
Clearly and accurately report the results of the appraisal.
Collect, verify, analyze, and reconcile cost data and comparable sales data.
Confirm the results of the appraisal with the subject property's sales price.