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