Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Appraisal1

Appraisal

QuestionAnswer
Market Value The price a willing seller will sell for and a willing buyer will pay when neither is acting under exceptional pressure-most probable price
Value An estimate of the future benefits to be deprived from a property
Price What one must pay for a property usually very close or equal to market value
Cost An estimate of past expenditures
D.U.S.T The four basci charactersitics of value- Demand Utility Scarcity Transferability
CMA Competitive market analysis-a range of value for a property provided by a licensee to help a seller determine a realistic price-also called comparative market analysis
BOV Broker's opinion of value-similiar to a CMA but used by relocation firm bank or attorney-also called BPO-broker price opinion
Appraisal An opinion of value
Market Data Approach An appraisal used primarily on residential properties-it involves comparing the subject property to recent sales to determine a value-also called sales comparison approach
Comparable A recently sold property similiar to a property being valued
Income Approach An appraisal used to determine the value of a property that produces income or rent-(net annual income=rate of return x market value)-also called capitalization method
Created by: Shirilyn