Pennsylvania Certified Evaluator
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Terms in this set (170)
,The most Market Value
probable price
which a property
should bring in a
competitive and
open market
under all
conditions
requisite to a fair
sale, the buyer
and seller each
acting prudently
and
knowledgeably,
and assuming the
price is not
affected by
undue stimulus.
Implicit in this
definition is the
consummation of
a sale as of a
specified date
and the passing
of title from seller
to buyer
whereby:
,1. Buyer and seller
are typically
motivated
2. Both parties
are well informed
or well advised,
and asking in
what thy consider
their best
interests
3. A reasonable
time is allowed
for exposure in
the open market
4. Payment is
made in terms of
cash in United
States dollars or
in terms of
financial
arrangements
comparable
thereto
5. The price
represents the
normal
consideration for
, the property sold
unaffected by
special or
creative financing
or sales
concessions
granted by
anyone
associated with
the
The sale.
actual Market Price
amount paid, or
to be paid, for a
property in a
particular
transaction
A written Deed
document under
seal conveying
real estate. Types:
Warranty and
Quit Claim
Exam Questions with Answers
Updated Latest (100% Correct)
Save
Quick quiz
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (170)
,The most Market Value
probable price
which a property
should bring in a
competitive and
open market
under all
conditions
requisite to a fair
sale, the buyer
and seller each
acting prudently
and
knowledgeably,
and assuming the
price is not
affected by
undue stimulus.
Implicit in this
definition is the
consummation of
a sale as of a
specified date
and the passing
of title from seller
to buyer
whereby:
,1. Buyer and seller
are typically
motivated
2. Both parties
are well informed
or well advised,
and asking in
what thy consider
their best
interests
3. A reasonable
time is allowed
for exposure in
the open market
4. Payment is
made in terms of
cash in United
States dollars or
in terms of
financial
arrangements
comparable
thereto
5. The price
represents the
normal
consideration for
, the property sold
unaffected by
special or
creative financing
or sales
concessions
granted by
anyone
associated with
the
The sale.
actual Market Price
amount paid, or
to be paid, for a
property in a
particular
transaction
A written Deed
document under
seal conveying
real estate. Types:
Warranty and
Quit Claim
