13-10.The following is NOT a step in the cost approach:
A) estimate maximization for the improvement
B) estimate depreciation for the improvement
C) estimate the cost of replacing the improvement
D) estimate the value of land as vacant
Correct Answer:
Verified
Q4: 13-12.Besides physical characteristics,the review appraiser examines:
A) location
B)
Q5: FIRREA mandates:
A) that State-Certified or licensed appraisers
Q6: 13-18.The origination,servicing,and sale of mortgage loans by
Q7: Flood insurance is required for properties located
Q8: 13-19.For mortgage bankers two principal sources of
Q10: The utilization of a non-certified or non-licensed
Q11: 13-14.A program under which the lender essentially
Q12: 13-17.Recording is necessary to protect the owner
Q13: Under the FIRREA,for appraising federally related transactions,each
Q14: A review appraiser considers several important elements
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents