In the appraiser's data collection process that involves a market value assignment, which of the following is an example of general data?

economic indicators for the region

An appraiser has been hired to provide a valuation of a property that is known to have a contamination issue. To quantify the damage to the property, the appraiser will provide a value opinion as though the property is not contaminated for comparison purposes. What assignment condition should the appraiser use for this specific value opinion?

hypothetical condition

A residential dwelling is situated on a site measuring 150 feet x 200 feet. The zoning of the site has changed from residential to commercial in the last year and the site is large enough to allow a commercial building. Similar residentially zoned sites are selling for $2.00 per square foot. Similar commercially zoned sites are selling for $90,000. What is the indicated value based on the highest and best use of the site as though vacant?

 

$90,000

Which of the following best describes a person as an intended user in an appraisal assignment?

a person identified by the appraiser as an intended user as a result of the appraiser's communication with the client prior to accepting the assignment

An appraiser’s analysis of highest and best use on a property will generally include which of the following?

analysis of the land as though vacant and as improved

As the client may be an individual, group, or entity, which of the following best represents how an appraiser identifies the client in an appraisal assignment? The client is the party or parties

that engages, by employment or contract, an appraiser in a specific assignment.

Which of the following would be an appropriate effective date of value for an appraisal assignment of an estate that went into probate 18 months ago?

 

retrospective valuation date

Which two dates must be stated in the appraisal report?

 

the effective date and the report date

The intended use of an assignment guides an appraiser on the type and extent of research and analyses performed as one aspect of the valuation process. But intended use also guides the appraiser in what other aspect of the valuation process?

Intended use guides the determination of the scope of work.

When an appraiser identifies the purpose of a real property appraisal, what objective is being sought in the assignment?

 

an opinion of value, as defined by the appraiser, of the real property interest