Which of the following is the price a lender believes the property will bring at a foreclosure sale?

When you're using the sales comparison approach to value a property, which of the following is considered a category of adjustment?

Which of these choices defines "potential gross income"?

Which of the following best describes a buyer’s market?

What does the Financial Institutions Reform, Recovery, and Enforcement Act require?

The Richards family farm is located on a 10-acre parcel of land, which is very rare to come by in their area. However, the house is rundown and in need of many repairs. Most buyers in the area are looking for a move-in ready home, which means they would need to either look elsewhere or wait several months for the home to be renovated. Which factor is most negatively impacting the value of the Richards’ property?

The smallest property on the block is priced lower than any others, but the higher-priced properties that surround it help to drive the property’s market value up. What economic principle is at work here?

Which one of these would NOT be an element of comparison an appraiser would use when applying the sales comparison approach to a property valuation?

Which category of appraiser must be supervised by a certified appraiser and can assist on any appraisals their supervisor can perform?

Which of the following is the cost of replacing a building in the case of total loss?

If a property’s income value is $200,000 and it's earning a net operating income of $40,000, what is the cap rate?

To make valid computations of adjustments for the sales comparison approach to value, elements of comparison must be applied in a specific order. Which one of these elements listed has the highest priority?

What is the definition of "before-tax cash flow"?

Which one of the following is a description of economic depreciation?

Tyrell and Barb bought a commercial investment property in 2009 during the real estate market downturn. Through what year will they be able to depreciate the investment?

Which of the following items directly influences real estate supply?

To make valid computations of adjustments for the sales comparison approach to value, elements of comparison must be applied in a specific order. Which element is applied first?

What's the first step an appraiser will perform when conducting an appraisal?

In which phase of the real estate market would you expect to see properties selling for more than they’re worth, many buyers in the market, and lots of new construction?

The GRM for Sunny Hills is 147. If a three-bedroom, one-bath house in Sunny Hills rents for $820 monthly and sold for $125,000, what is the suggested value of a house that leases for $1,000 monthly based on the GRM?