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5 Terms
The key words in the definition of appraisal are:
Opinion
Value
Opinion and value
No answers correct
Opinion and value
The organization that is responsible for national qualification standards for appraisal certification, and for the Uniform Standards of Professional Appraisal Practice, is the:
Appraisal Foundation.
Appraisal Institute.
Federal Appraisal Council.
Federal National Mortgage Association.
Appraisal Foundation.
An estate that includes possession without title is:
the fee simple.
the leasehold.
the leased fee.
No answers correct.
the leasehold.
A possessory estate that includes title to the real estate is a(n):
leasehold estate.
easement estate.
freehold estate.
tenancy estate
freehold estate.
The term “ad valorem” refers to:
the manner in which general property taxes are assessed, according to value.
the calculation of just compensation for eminent domain purposes.
the effect on property value that results from location in a special improvement district.
the general nature of judgment liens.
the manner in which general property taxes are assessed, according to value.