Page 1 of 123
Basic Appraisal Procedures FINAL Exam A&B 2026-
2027 COMPLETE 350 QUESTIONS AND VERIFIED
SOLUTIONS LATEST UPDATE THIS YEAR
Basic Appraisal Procedures FINAL Exam A
QUESTION: A comparable new house just sold for $440,000. You estimate the value of the site
at $90,000 and the cost of the site improvements at $15,000. It has 2,885 square feet of GLA.
What is its unit cost?
-$108.44
-$116.12
-$120.46
-$124.90 - ANSWER--$116.12
Comparative - Unit Method - Market Derivation. $440,000 - $90,000 - $15,000 = $335,000.
$335,000 ÷ 2,885 = $116.12.
QUESTION: A one-and-a-half-story house is commonly known as a
,Page 2 of 123
-cape cod
-ranch
-split-level
-split-entry - ANSWER-cape cod
QUESTION: Appraisal fees are examples of _______________ costs.
-direct
-indirect
-unnecessary
-replacement - ANSWER-indirect
QUESTION: Separate site valuations would likely be required in which of the following
situations:
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-cost approach
-condemnation appraisals
-highest and best use analysis
-any of the above - ANSWER-any of the above
QUESTION: When measuring a condominium you should calculate ____ using _______
measurements.
-GLA, exterior
-GBA, interior
-GLA, interior
-GBA, exterior - ANSWER-GLA, interior
QUESTION: When developing an appraisal, you calculate the following GRMs for comparable
properties: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9. What is the range of the GRMs?
, Page 4 of 123
-24.7
-25.6
-27.2
-28.7 - ANSWER-24.7
QUESTION: It is common in appraisal reports to include a map that shows the location of the
_______________.
-subject property only
-subject property and support facilities
-subject property and comparable sales
-subject property and local schools - ANSWER--subject property and comparable sales
QUESTION: "Details about the property being appraised, comparable sale and rental properties,
and relevant local market characteristics" is the definition of
Basic Appraisal Procedures FINAL Exam A&B 2026-
2027 COMPLETE 350 QUESTIONS AND VERIFIED
SOLUTIONS LATEST UPDATE THIS YEAR
Basic Appraisal Procedures FINAL Exam A
QUESTION: A comparable new house just sold for $440,000. You estimate the value of the site
at $90,000 and the cost of the site improvements at $15,000. It has 2,885 square feet of GLA.
What is its unit cost?
-$108.44
-$116.12
-$120.46
-$124.90 - ANSWER--$116.12
Comparative - Unit Method - Market Derivation. $440,000 - $90,000 - $15,000 = $335,000.
$335,000 ÷ 2,885 = $116.12.
QUESTION: A one-and-a-half-story house is commonly known as a
,Page 2 of 123
-cape cod
-ranch
-split-level
-split-entry - ANSWER-cape cod
QUESTION: Appraisal fees are examples of _______________ costs.
-direct
-indirect
-unnecessary
-replacement - ANSWER-indirect
QUESTION: Separate site valuations would likely be required in which of the following
situations:
,Page 3 of 123
-cost approach
-condemnation appraisals
-highest and best use analysis
-any of the above - ANSWER-any of the above
QUESTION: When measuring a condominium you should calculate ____ using _______
measurements.
-GLA, exterior
-GBA, interior
-GLA, interior
-GBA, exterior - ANSWER-GLA, interior
QUESTION: When developing an appraisal, you calculate the following GRMs for comparable
properties: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9. What is the range of the GRMs?
, Page 4 of 123
-24.7
-25.6
-27.2
-28.7 - ANSWER-24.7
QUESTION: It is common in appraisal reports to include a map that shows the location of the
_______________.
-subject property only
-subject property and support facilities
-subject property and comparable sales
-subject property and local schools - ANSWER--subject property and comparable sales
QUESTION: "Details about the property being appraised, comparable sale and rental properties,
and relevant local market characteristics" is the definition of
