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10 Cards in this Set

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WHAT ARE THE 7 STEPS IN APPRAISAL PROCESS ?
DEFINITION OF THE PROBLEM.
COLLECTION OF DATE.
ECONOMIC ANALYSIS.
HIGHEST AND BEST USE ANALYSIS.
APPLICATION OF EACH APPROACH TO VALUE.
RECONCILIATION.
THE APPRAISAL REPORT.
WHAT ARE THE 4 STAGES IN DEVELOPMENT OF A NEIGHBORHOOD ?
GROWTH, STABILITY, DECLINE, AND REVITALIZATION.
WHAT ARE THE 4 LEGAL REQUIREMENTS FOR HIGHEST AND BEST USE ?
PHYSICALLY POSSIBLE, LEGALLY PERMITTED, ECONOMICALLY/FINACIALLY FEASIBLE, AND MAXIMALLY PRODUCTIVE/PROFITABLE.
WHAT IS FENESTRATION ?
FENESTRATION IS THE ARRANGEMENT AND DESIGN OF DOORS AND WINDOWS WITHIN A WALL.
FUNCTIONAL UTILITY REFERS TO ?
FUNCTIONAL UTILITY REFERS TO THE EFFECIENCY AND USEFULNESS OF THE PROPERTY IN RELATIONSHIP TO THE NEIGHBORHOOD.
WHAT IS THE MEAN ?
THE MEAN IS THE AVAERAGE.
WHAT IS THE MEDIAN ?
THE MEDIAN IS THE VALUE OF THE MIDDLE ITEM OF A GROUP. IF THE GROUP IS EVEN > THE MENDIAN IS THE ARITHMETIC MEAN.
WHAT IS THE MODE ?
THE MODE IS THE MOST FREQUENT OR TYPICAL ITEM IN AN ARRAY OF NUMBERS.
WHAT IS THE RANGE ?
THE RANGE IS A MEASURE OF THE DIFFERENCE BETWEEN THE HIGHEST AND THE LOWEST VARIATES.
WHAT IS THE STANDARD DEVIATION ?
THE STANDARD DEVIATION IS THE DIFFERENCE OF A SALE PRICE AND THE MEAN OF THE SALE PRICE > SQUARED.