Income Property Appraisal Exam I Keyword List

1. point estimate

2. access

3. Appraisal Foundation

4. Appraisal Institute

5. Asphalt shingle

6. assessed value

7. assessment

8. balloon construction

9. Built-up tar and gravel

10. casement

11. Cedar shake shingles

12. choosing the appropriate approach

13. Concrete barrel tile

14. conditions of sale adjustment

15. conformity

16. Consistent use

17. contribution

18. cost-depreciation

19. Data requirements for an appraisal assignment

20. demand/supply equilibrium

21. development cost approach

22. diminishing returns

23. excess land

24. export (or base) industry

25. externalities

26. Federal Land Appraisal Board

27. Fenestation

28. Financial Institutions Reform, Recovery, and Enforcement Act

29. FIRREA

30. flat roof

31. form report

32. functional utility

33. going-concern value

34. highest and best use

35. hip

36. HVAC system

37. income capitalization

38. Infrastructure

39. ingress

40. insulation

41. insurable value

42. Investment value

43. legally permissible

44. letter report

45. linkages

46. liquidation value

47. location quotient

48. mansard

49. market analysis

50. market segmentation

51. market value

52. marketability

53. maximum time since sale before a letter of explaination is required

54. measurement of property size

55. narrative report

56. neighborhood analysis

57. neighborhood life cycle

58. Office of Thrift Supervision

59. Opportunity costs

60. oral report

61. Percolation

62. platform

63. plottage

64. post and beam

65. principle of balance

66. principle of substitution

67. professional appraisal societies

68. proper sequence of adjustments in the sales-comparison approach

69. R-value

70. replacement value

71. roof covers

72. roof styles

73. sales-comparison

74. septic system

75. service industry

76. substitution

77. Substructure

78. Superstructure

79. supply and demand

80. supply of real estate

81. Surplus productivity

82. tax shelter

83. trends in area and neighborhood analysis

84. types of wiring

85. USPAP standards for data selection

86. USPAP--deviation from standards

87. USPAP--required report content

88. value-in-exchange

89. value in use