ASREB (Arizona School of Real Estate and Business) Session B-5 - |
Authentic Exam Prep Pack: Accurate, Fully Explained Solutions for
2025/2026
What is the purpose of a date in an appraisal report?
A. Required by law
B. Define the market conditions under which the appraisal was made
C. To help identify the report
D. Serves no important purpose - correct answer B. Define the market conditions
under which the appraisal was made
A legitimate reason for appraising a property as of some date in the past is:
A. To settle an estate
B. Where a buyer is considering its current value
C. For exchange purposes to determine its book value
D. To estimate the future value - correct answer A. To settle an estate
Which of the following is not a special force influencing value of property?
A. Government regulations
B. Social standards
C. Original cost
D. Economic trends - correct answer C. Original cost
The method which is not an appraisal approach is:
A. A sinking fund method
, B. A comparison method
C. A cost method
D. An income method - correct answer A. A sinking fund method
By definition what does an appraiser give in the course of his work?
A. A valuation
B. An estimate
C. A reaction
D. All of these - correct answer B. An estimate
What is the adjusted gross income and how do you arrive at it?
A. Total rents
B. Total rents less vacancies and credit losses
C. Total rents less vacancies and expenses
D. Total rents less vacancies, expenses and loan payment - correct answer B. Total
rents less vacancies and credit losses
Which of the following does not relate to appraising?
A. Assemblage
B. Establishing value
C. Market data and cost approaches
D. Deterioration an dobsolescence - correct answer B. Establishing value
In appraising commercial property, which of the following would an appraiser not need?
A. Scheduled gross income
Authentic Exam Prep Pack: Accurate, Fully Explained Solutions for
2025/2026
What is the purpose of a date in an appraisal report?
A. Required by law
B. Define the market conditions under which the appraisal was made
C. To help identify the report
D. Serves no important purpose - correct answer B. Define the market conditions
under which the appraisal was made
A legitimate reason for appraising a property as of some date in the past is:
A. To settle an estate
B. Where a buyer is considering its current value
C. For exchange purposes to determine its book value
D. To estimate the future value - correct answer A. To settle an estate
Which of the following is not a special force influencing value of property?
A. Government regulations
B. Social standards
C. Original cost
D. Economic trends - correct answer C. Original cost
The method which is not an appraisal approach is:
A. A sinking fund method
, B. A comparison method
C. A cost method
D. An income method - correct answer A. A sinking fund method
By definition what does an appraiser give in the course of his work?
A. A valuation
B. An estimate
C. A reaction
D. All of these - correct answer B. An estimate
What is the adjusted gross income and how do you arrive at it?
A. Total rents
B. Total rents less vacancies and credit losses
C. Total rents less vacancies and expenses
D. Total rents less vacancies, expenses and loan payment - correct answer B. Total
rents less vacancies and credit losses
Which of the following does not relate to appraising?
A. Assemblage
B. Establishing value
C. Market data and cost approaches
D. Deterioration an dobsolescence - correct answer B. Establishing value
In appraising commercial property, which of the following would an appraiser not need?
A. Scheduled gross income
