McKissock Basic Appraisal Principles EXAM || MOST RECENT EXAM
2026 2027 ACTUAL COMPLETE REAL EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+ |
GUARANTEED SUCCESS!! NEWEST EXAM | JUST RELEASED!!
National Association of REALTORS
trade association for real estate agents and brokers who subscribe to a
code of ethics
common sources of specific data:
deeds, location maps, tax maps, flood maps, assessors records, title
companies, zoning, MLS
deed will provide
The legal description of the
property The owners of record
Easements of record
Deed restrictions
Chain of title
land
in law the solid surface on the earth, as distinguished from water.
,site
Improved land or a lot in a finished state so that it is ready to be used for a
specific purpose
brownfield
real property for which the expansion redevelopment of the real estate
may be complicated by the presence of environmental contamination
that needs to be remediated to standards
sales comparison
compares recent sales
extraction
subtracts estimated improvement value to arrive at land value
allocation
land to value ratios based on improved sales comparables
subdivision development
subtracts estimated development costs from discounted sale proceeds
, land residual
divides up and capitalizes the income between land and improvements
ground rent capitalization
capitalizes income from leased land
extraction method
estimating land value in which the depreciated cost of the improvements on
an
improved property is calculated and deducted from the total sale price to
arrive at an estimated sale price for the land
allocation method
estimating land value in which sales of improved properties are analyzed to
establish a typical ratio of land value to total property value and this ratio is
applied to the property being appraised or the comparable sale being
analyzed
mass appraisal
The application of computer technology and statistical techniques to the
solution of appraisal problems
2026 2027 ACTUAL COMPLETE REAL EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+ |
GUARANTEED SUCCESS!! NEWEST EXAM | JUST RELEASED!!
National Association of REALTORS
trade association for real estate agents and brokers who subscribe to a
code of ethics
common sources of specific data:
deeds, location maps, tax maps, flood maps, assessors records, title
companies, zoning, MLS
deed will provide
The legal description of the
property The owners of record
Easements of record
Deed restrictions
Chain of title
land
in law the solid surface on the earth, as distinguished from water.
,site
Improved land or a lot in a finished state so that it is ready to be used for a
specific purpose
brownfield
real property for which the expansion redevelopment of the real estate
may be complicated by the presence of environmental contamination
that needs to be remediated to standards
sales comparison
compares recent sales
extraction
subtracts estimated improvement value to arrive at land value
allocation
land to value ratios based on improved sales comparables
subdivision development
subtracts estimated development costs from discounted sale proceeds
, land residual
divides up and capitalizes the income between land and improvements
ground rent capitalization
capitalizes income from leased land
extraction method
estimating land value in which the depreciated cost of the improvements on
an
improved property is calculated and deducted from the total sale price to
arrive at an estimated sale price for the land
allocation method
estimating land value in which sales of improved properties are analyzed to
establish a typical ratio of land value to total property value and this ratio is
applied to the property being appraised or the comparable sale being
analyzed
mass appraisal
The application of computer technology and statistical techniques to the
solution of appraisal problems
