CERTIFIED PENNSYLVANIA EVALUATOR
(CPE COMPREHENSIVE STUDY GUIDE 2026
FULL QUESTIONS AND SOLUTIONS GRADED A+
• land lord (lessor).
Answer: who holds a leased fee?
• 1. Possess a high school diploma, or its equivalent, or two years of assessing
experience 2. Shall be at least 18 years of age 3. Shall be a resident of this
Commonwealth for at least six months 4. Successfully completed a
minimum of 90 hours of the basic course of study of the International
Association of Assessing Officers (IAO) or the Assessors Association of
Pennsylvania (AAP) 5. This act does not apply to counties of the First Class
(Philadelphia Counties).
Answer: To be certified by the State Board of Certified Real Estate
Appraisers, the assessor must:
• a systematic, logical method of collecting, analyzing and processing data
into an intelligent, well-reasoned value estimate.
Answer: Appraisal Process
• September 1.
Answer: Last day to submit an appeal
• Physical characteristics of property. Examines the site/subject property.
Answer: Specific Data
• If the comparable property is superior to the subject the adjustment is made
how?.
Answer: Downward (subtract)
• Cosmetic Appeal.
Answer: What does façade of commercial building do to value?
• Economic Rent/Market Rent.
, Answer: The amount of rent that a property would bring, if vacant and
available for rent, as of the date of the appraisal, based on market experience
of competitive, substitute properties
• What is Cost?.
Answer: The sacrifice made in terms of money, time and/or labor to acquire
the property.
• factored historical cost.
Answer: cost to bring it up today
• Escheat.
Answer: The right to have property revert to the state for nonpayment of
taxes or when there are no legal heirs or a decedent who dies "intestate."
• This is the estimated rent roll at 100% occupancy of all rentable space using
Economic or Market rents..
Answer: Potential Gross Income (PGI)
• Base Year.
Answer: The year upon which real property values are based for the most
recent countywide reassessment or other prior year for which the market
value of all real estate of the county is based.
• Overage Rent/ Percentage Rent.
Answer: Extra rent received over and above the lease agreement for a basic
contract rent. Normally, this is an additional rent based on a percentage of
gross business volume clause included in the contract lease agreement
• Concepts of Value.
Answer: Scarcity, Utility and Desirability
• A deed in which the grantor warrants the title to be good and accurate and
agrees to defend the title against all parties. When a true owner of record
transfers the ownership. This is guaranteed. 1. Grantor has the right to
convey the real estate 2. grantor is the owner of the real estate mentioned 3.
That the land is free and clear of all encumbrances, liens, bargains, sales,
, taxes 4. That the grantee will have quiet enjoyment of the real estate and not
be pout out by someone with a superior title 5. That the grantee has legal
recourse against the grantor should there be any problem with the title..
Answer: Warranty Deed
• The volume that has pertinent court cases and taxation laws for
Pennsylvania assessment..
Answer: Title 53 Purdons
• metes and bounds.
Answer: e.g. North 40 degrees, 41 minutes 22 second east...at a place of
beginning
• Secondary Data.
Answer: Data obtained from another source of 3rd party.
• Mode.
Answer: The most frequently occurring variate.
• Trust of those he or she serves.
Answer: To have a successful assessment office, the assessor must have
what?
• interest rate.
Answer: the percentage of money paid for the use of capital or money
• effective gross income.
Answer: The 100% potential gross income, minus allowance for vacancy
and rent loss, plus other income (if any)
• foundation.
Answer: what plan do you find sub-floor
• reproduction cost.
Answer: exact replica using same materials, design & workmanship
• To become re-certified the assessor must accumulate how many hours of
continuing professional education credits?.
Answer: 28 hours 7 hours must be on USPAP (Uniform Standards of
, Professional Appraisal Practice) 2 hours must be on Assessor's Certification
Act (Act 28 of 1992) The State Board of Certified Real Estate Appraisers
approves the courses or activities necessary to comply with the
re-certification requirements
• comparative data.
Answer: consists of recent sales, costs and income information. What are the
rents in the neighborhood and what properties have recently sold for.
• First, list the numbers in numerical order If odd number of records (N+1)/2=
If even number of records Median is mean of the two middle numbers.
Answer: Median
• All notice of appeal decisions must be mailed.
Answer: November 15th
• On which page of the blueprint would see the subflooring details?.
Answer: Foundation or Basement Plan
• Workfile must include the following:.
Answer: 1. Name of the client and the identity, by name or type, of any
intended users 2. True copies of any written reports, documents on any type
of media 3. Summaries of any oral reports or testimony, or a transcript of
testimony, including the appraiser's signed and dated certification 4. All
other date, information, and documentation necessary to support the
appraiser's opinions and conclusions and to show compliance with this Rule
and all other applicable Standers, or references to the location(s) of such
other
• GRM.
Answer: Sale price/monthly rent
• structures or buildings place or erected on the site.
Answer: improvement on land
• Highest and Best Use Criteria.
Answer: 1. Legally permissible 2. Physically possible 3.Financially feasible
(CPE COMPREHENSIVE STUDY GUIDE 2026
FULL QUESTIONS AND SOLUTIONS GRADED A+
• land lord (lessor).
Answer: who holds a leased fee?
• 1. Possess a high school diploma, or its equivalent, or two years of assessing
experience 2. Shall be at least 18 years of age 3. Shall be a resident of this
Commonwealth for at least six months 4. Successfully completed a
minimum of 90 hours of the basic course of study of the International
Association of Assessing Officers (IAO) or the Assessors Association of
Pennsylvania (AAP) 5. This act does not apply to counties of the First Class
(Philadelphia Counties).
Answer: To be certified by the State Board of Certified Real Estate
Appraisers, the assessor must:
• a systematic, logical method of collecting, analyzing and processing data
into an intelligent, well-reasoned value estimate.
Answer: Appraisal Process
• September 1.
Answer: Last day to submit an appeal
• Physical characteristics of property. Examines the site/subject property.
Answer: Specific Data
• If the comparable property is superior to the subject the adjustment is made
how?.
Answer: Downward (subtract)
• Cosmetic Appeal.
Answer: What does façade of commercial building do to value?
• Economic Rent/Market Rent.
, Answer: The amount of rent that a property would bring, if vacant and
available for rent, as of the date of the appraisal, based on market experience
of competitive, substitute properties
• What is Cost?.
Answer: The sacrifice made in terms of money, time and/or labor to acquire
the property.
• factored historical cost.
Answer: cost to bring it up today
• Escheat.
Answer: The right to have property revert to the state for nonpayment of
taxes or when there are no legal heirs or a decedent who dies "intestate."
• This is the estimated rent roll at 100% occupancy of all rentable space using
Economic or Market rents..
Answer: Potential Gross Income (PGI)
• Base Year.
Answer: The year upon which real property values are based for the most
recent countywide reassessment or other prior year for which the market
value of all real estate of the county is based.
• Overage Rent/ Percentage Rent.
Answer: Extra rent received over and above the lease agreement for a basic
contract rent. Normally, this is an additional rent based on a percentage of
gross business volume clause included in the contract lease agreement
• Concepts of Value.
Answer: Scarcity, Utility and Desirability
• A deed in which the grantor warrants the title to be good and accurate and
agrees to defend the title against all parties. When a true owner of record
transfers the ownership. This is guaranteed. 1. Grantor has the right to
convey the real estate 2. grantor is the owner of the real estate mentioned 3.
That the land is free and clear of all encumbrances, liens, bargains, sales,
, taxes 4. That the grantee will have quiet enjoyment of the real estate and not
be pout out by someone with a superior title 5. That the grantee has legal
recourse against the grantor should there be any problem with the title..
Answer: Warranty Deed
• The volume that has pertinent court cases and taxation laws for
Pennsylvania assessment..
Answer: Title 53 Purdons
• metes and bounds.
Answer: e.g. North 40 degrees, 41 minutes 22 second east...at a place of
beginning
• Secondary Data.
Answer: Data obtained from another source of 3rd party.
• Mode.
Answer: The most frequently occurring variate.
• Trust of those he or she serves.
Answer: To have a successful assessment office, the assessor must have
what?
• interest rate.
Answer: the percentage of money paid for the use of capital or money
• effective gross income.
Answer: The 100% potential gross income, minus allowance for vacancy
and rent loss, plus other income (if any)
• foundation.
Answer: what plan do you find sub-floor
• reproduction cost.
Answer: exact replica using same materials, design & workmanship
• To become re-certified the assessor must accumulate how many hours of
continuing professional education credits?.
Answer: 28 hours 7 hours must be on USPAP (Uniform Standards of
, Professional Appraisal Practice) 2 hours must be on Assessor's Certification
Act (Act 28 of 1992) The State Board of Certified Real Estate Appraisers
approves the courses or activities necessary to comply with the
re-certification requirements
• comparative data.
Answer: consists of recent sales, costs and income information. What are the
rents in the neighborhood and what properties have recently sold for.
• First, list the numbers in numerical order If odd number of records (N+1)/2=
If even number of records Median is mean of the two middle numbers.
Answer: Median
• All notice of appeal decisions must be mailed.
Answer: November 15th
• On which page of the blueprint would see the subflooring details?.
Answer: Foundation or Basement Plan
• Workfile must include the following:.
Answer: 1. Name of the client and the identity, by name or type, of any
intended users 2. True copies of any written reports, documents on any type
of media 3. Summaries of any oral reports or testimony, or a transcript of
testimony, including the appraiser's signed and dated certification 4. All
other date, information, and documentation necessary to support the
appraiser's opinions and conclusions and to show compliance with this Rule
and all other applicable Standers, or references to the location(s) of such
other
• GRM.
Answer: Sale price/monthly rent
• structures or buildings place or erected on the site.
Answer: improvement on land
• Highest and Best Use Criteria.
Answer: 1. Legally permissible 2. Physically possible 3.Financially feasible
