QUESTION 17 A client asks an appraiser to prepare an opinion of market value for a…
QUESTION 17
A client asks an appraiser to prepare an opinion of market value
for a property without having access to the interior of the
building. This appraiser
Cannot accept the assignment because it is unethical
Must adjust his/her fee accordingly
Must inform the client that an interior inspection of the
building is mandatory.
Can accept the assignment and disclose the agreed upon level of
inspection in the report under scope of work
1 points
QUESTION 18
An appraiser is analyzing a vacant parcel of land that is zoned
for general business. This zoning classification allows for almost
any business enterprise, including some industrial uses. The
appraiser believes the following values per acre are
accurate:
Possible Use
Market Value per Acre
Industrial
$200,000
Office
$240,000
Retail
$325,000
If there was no
other information available, what is the highest and best us of the
property?
Industrial
Office
Retail
Residential
1 points
QUESTION 19
The factor of value that is the basis of demand and states that
the less plentiful an item is the more value it will have is?
Desire
Purchasing Power
Utility
Scarcity
1 points
QUESTION 20
Which of the following is an example of a municipal land use
regulation?
A lease document signed by the owner and lessee
A city zoning ordinance
A city ordinance regulating automobile speed limits on the
adjacent street
A federal law focused on employment contracts