Appraisal Final Exam Keyword List

  1. Highest and best use
  2. accrued depreciation
  3. age life method of determining depreciation
  4. applicability of appraisal approaches
  5. appraiser's compensation
  6. before tax cash flow
  7. calculation of a reserve for replacement
  8. calculation of amortization
  9. compable sales adjustments
  10. computation of external obsolescence
  11. conformity
  12. contingent fees
  13. cost vs value vs price
  14. cost-depreciation
  15. curable functional obsolescence
  16. curable physical deterioration
  17. Deferred maintenance
  18. development cost
  19. disclosure of appraisal information
  20. economic base analysis
  21. economic obsolescence
  22. effect of risk on return
  23. effective age
  24. effective gross income
  25. equity dividend
  26. external obsolescence
  27. final estimate of value
  28. functional obsolescence
  29. highest and best use
  30. impact of credit market on prices
  31. income-capitalization
  32. incurable functional obsolescence
  33. incurable physical deterioration
  34. inspection of a building
  35. investment value
  36. location of deed identification
  37. Market value
  38. mass appraisal
  39. maximum years allowed since sale
  40. mortgage interest rates
  41. net household formation
  42. net operating income
  43. physical depreciation
  44. prediction vs estimation of value
  45. present value of a lump sum
  46. progression
  47. real disposable income
  48. reconciliation
  49. reconciliation of value indications
  50. reconstructed operating statement
  51. regression
  52. review appraisal
  53. sales-comparison
  54. sources for verification of a sale price
  55. square footage of a home
  56. substitution
  57. Uniform Standards of Professional Appraisal Practice
  58. Units of comparison
  59. use of listings and contracts pending under USPAP
  60. USPAP for accepting an assignment
  61. USPAP for comparable sales
  62. value in exchange
value in use