Certified Pennsylvania Evaluator (Cpe) - Exam Latest Update

Clean & Green - Act 319 {Ans: Has two values, Value in Use and Value in Exchange}Fixed Expenses {Ans: Items over which a property owner has no control, such as insurance and real estate taxes, which are both, regulated by governmental agencies.}Excess Rent {Ans: The dollar amount received in the contract rent that is over and above market or economic rent}Principle of Balance- Individual Property {Ans: Maximum market value is attained when the four agents of production attain a state of equilibrium 1. Land 2.Labor 3.Capital 4.Management}State Board of Certified Real Estate Appraisers {Ans: The state board certification body}General Data {Ans: General trends that will affect the value of the subject on a regional and neighborhood basis. The four great forces on the subject. Examines PEGS & entire neighborhood}Mode {Ans: The number that is repeated more often than any other number}Workfile must include the following: {Ans: 1. Name of the client and the identity, by name or type, of any intended users 2. True copies of any written reports, documents on any type of media 3. Summaries of any oral reports or testimony, or a transcript of testimony, including the appraiser's signed