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What creates the highest and best use of a property in an economic sense?
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The term that refers to guiding control of the money supply in the economy is called:
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Which of the following is not a test for Highest and Best Use?
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Which of the following would be considered general data needed for the appraisal?
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How is the amount of residual income to allocate to the land determined?
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In a special purpose property, if the use is functionally obsolete and no alternatives are feasible, what is the highest and best use?
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A package mortgage usually covers:
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You are appraising a property where the owners converted their garage into an apartment for their parents. This is not allowed under the local zoning regulations.
Which of the following best describes the above?
Which of the following best describes the above?
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The management of government receipts and expenditures is called:
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A mortgage loan for $120,000 at 7% interest with a 30 year term has been granted. Using simple interest calculations, what is the amount of the first month's interest?
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A mortgage instrument may include a clause that would prevent the assumption of the mortgage by a new purchaser. This is called an/an:
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What is the term that refers to the cost that you would pay for borrowing money?
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When a mortgage covers more than one parcel in the same loan package this called:
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For highest and best use as improved, an analysis of net operating income equals:
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A property nearing transition:
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To be considered to be at the highest and best use, the use must:
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Which of the following constitute a test for highest and best use of the site?
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The "Zoning" system is based on what power of the government?
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In order to find the value of the land in a highest and best use analysis, which of the following methods may be used?
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Which of the following guides the control of the money supply in the USA?
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The zoning department grants a land owner the ability to build an apartment complex when the land is only zoned for single family homes. This is an example of what?
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Which of the following is true in non-conforming use situations?
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Which economic principle would tend to set the parameters for the ideal use of a property?
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In considering the highest and best use of an improved property, the appraiser must consider which of the following alternatives?
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Using simple interest calculations, what is the interest rate for a loan of $52,500 when four months interest payment equals $1,662.50?
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A mortgagor is another word for:
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Which of the Highest and Best use steps will tell the appraiser the most profitable use for a piece of land?
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When a mortgage loan requires periodic payments that will not fully amortize the amount of the loan by the final payment date, the final payment is called a/an:
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When you are analyzing the local market and business conditions, what are the most important factors to consider?
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The highest and best use of an income property is that use which produces the:
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A deed that conveys title to a mortgagee from a mortgagor and avoids the necessity of legal action to recover the lender's collateral is known as a deed:
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Insolvent thrifts held more of which asset in their portfolios?
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Mark is interviewing a client to get the details of an appraisal assignment. The client is requesting that Mark find the future value for a new property, which has yet to be built. What type of appraisal is the client requesting?
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Any bonus value derived from the existence of a legal non-conforming use is:
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In determining the highest and best use of investment properties, what type of analysis should be done?
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Mr. Smith received a 80/20 loan on a property, at 7.9% interest. His monthly interest on the first payment amounts to $640. What is the appraised value of the home?
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A temporary use of a property until it can be utilized at its highest and best use is:
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Which of the following might be excess land?
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Which of the following best describes installment or land contract?
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Financing conditions on the subject property affects its market value.
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The secondary mortgage market allows lenders to:
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Disinter mediation is best described as:
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A property which sold with 2.5 points paid by the seller, in a market where the sellers do not typically pay points would require;
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If a mortgage on a property is 80% of the appraised value and the mortgage interest of 8% amounts to $ 460 per month, what is the appraised value of the house?
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Which of the following does not impact the physically suitable uses of the site?
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When testing for the highest and best use of a property as improved, which statement is true?
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An interest rate that incorporates the effects of discount points is referred to as a(an):
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In performing a highest and best use analysis of the land as if vacant for a single family residence, which of the following statements is true?
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Speculative land is land which has:
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The term that refers to the act of a depositors’ money into a bank that does not remain in the bank but is lent to borrowers is called:
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