Basic Appraisal Procedures- Final Exam Q's With 100% Correct Solutions.

All of the following could be sources of general data EXCEPT -utility companies -school districts -zoning ordinances -departments of transportation {Ans: -zoning ordinances Zoning ordinances wouldn't provide general data}Curbs, gutters and grading are examples of -site -site improvements -personal property -temporary improvements {Ans: Site improvements}"The process of valuing a universe of properties as of a given date using standard methodology, employing common data, and allowing for statistical testing" is the definition of -assessment rolls -statistical appraisal -universal appraisal -mass appraisal {Ans: mass appraisal}Each of these is a variable expense EXCEPT -payroll -utilities -maintenance -taxes {Ans: taxes}The first step in the valuation process is -list the data needed -estimate land value -define the problem -determine the scope of work {Ans: Define the problem}A management fee usually is based on a percentage of the _________ income. -gross -reserve -net operating -after-tax {Ans: Gross}"The actual or anticipated net income that remains after all operating expenses are deducted from effective gross income but before mortgage debt service and book depreciation are deducted" is the definition of -capital -effective gross income -taxable income -net operating income {Ans: net operating income}Two squares of 180-pound roof shingles would weigh _____