Basic Appraisal Procedures Mckissock Exam Questions And Answers

Prospective Appraisal {Ans: The value of the appraisal is supposed to be in the future}Quantity Survey Method {Ans: A method that specifies that number or quantity of each type of part or material used to build a structure}Building density {Ans: A limit on the number of buildings that maybe constructed within a given space}Easement {Ans: A right to use some part of another person's real property for a particular purpose. An easement is irrevocable and creates an interest in the property.}Bracketing {Ans: A process in which an appraiser identifies of probable value range, most often by identifying values of properties that are inferior and those that are superior. The appraiser then determines where an opinion of value for the subject should fall within that range.}Pitch {Ans: The rise of a roof as stated in vertical inches per horizontal foot.}