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