← SetsAppraisal — Set 1
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Appraisal Practice Questions — Set 1
10 free Appraisal reviewer questions with answers and explanations. Pindutin ang sagot mo para makita agad kung tama — kasama na ang paliwanag. Set 1 of 2.
1
What is the 'Principle of Substitution' in real estate appraisal?
2
Which appraisal method is most commonly used for residential houses?
3
What is 'Depreciation' in the context of the Cost Approach?
4
What does 'Highest and Best Use' mean?
5
In the Income Approach, what is 'Capitalization Rate' (Cap Rate)?
6
What is 'Physical Deterioration'?
7
What is 'Functional Obsolescence'?
8
What is 'Economic Obsolescence' (External Obsolescence)?
9
The formula: Value = Net Operating Income / Cap Rate belongs to which approach?
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