CERTIFIED PENNSYLVANIA EVALUATOR
(CPE CERTIFICATION SCRIPT 2026
QUESTIONS WITH SOLUTIONS GRADED A+
• Location.
Answer: What is the most significant physical factor in resident highest and
best use?
• What principle is simplified by asking "does it fit in"?.
Answer: Conformity
• What is Easement in gross?.
Answer: an interest in the property that belongs to an individual person
• State Board of Certified Real Estate Appraisers.
Answer: What board mandates, certifies and recertifies assessors?
• State Board of Certified Real Estate Appraisers.
Answer: What is the name of the certifying and recertifying board?
• What is an expense cap clause?.
Answer: Sets the limit that the tenant will pay for expenses.
• cost at the time a property was originally constructed and placed into
service.
Answer: Historical Cost
• Principle of Balance- neighborhood.
Answer: Maximum value is reached when the uses of land are perfectly
complimentary. It works together with the principles of contribution,
increasing and decreasing returns and surplus productivity
• Date that public notice must be given that tax rolls are open for public
inspection.
Answer: July 1st
,• Fixed Expenses.
Answer: Items over which a property owner has no control, such as
insurance and real estate taxes, which are both, regulated by governmental
agencies.
• Methods used for discovery.
Answer: 1. Deeds 2. Subdivision Plans 3. Aerial and Tax Maps 4. GIS 5.
Building and Occupancy Permits 6. Field Reviews
• How often must you be recertified?.
Answer: 2 Years
• economic rent.
Answer: the rental income that property should command on the open
market
• subdivision.
Answer: a tract of land which has been divided into smaller pieces ( called
lots), usually for the purpose of constructing residences which will be sold
individually. Principle of Conformity
• An Assessor is accountable to whom?.
Answer: Himself, taxpayers and all taxing authorities
• Principle of Consistent Use.
Answer: When valuing a property the appraiser must value the property as a
unit and not value the components separately. It is improper to value the
land for one use and the buildings for another use.
• Assessment X Millage Rate =.
Answer: Taxes to be paid by the taxpayer
• comparative unit.
Answer: cost per square foot least accurate
• Relationship between monthly rental income and the value of property.
Answer: GMRM/GRM (Gross Rent Multiplier)
• Ad Valorem Taxation.
, Answer: Taxes are levied according to the value of the property
• owner of the property giving the right to use the property through the lease
document.
Answer: lessor
• 3.
Answer: Upon employment, this is how many years you have to become
certified.
• Depreciation.
Answer: the loss of utility and therefore value, for any cause, deterioration
or obsolescence of property.
• Location.
Answer: What is the most significant physical factor in resident highest and
best use?
• factored historical cost.
Answer: cost to bring it up today
• lessor.
Answer: owner of the property giving the right to use the property through
the lease document
• Personal Property.
Answer: Moveable items not permanently affixed to, or part of, the real
estate
• The number that is repeated more often than any other number.
Answer: Mode
• method used in the US and Canada to locate and identify land, particularly
for lots in densely populated metropolitan areas, suburban areas ex: lot no
184 in section 15 of the survey.
Answer: lot & block
• Ad Valorem Tax.
Answer: Based on the value of tangible and intangible property
, • As assessment office must have which legally required materials readily
available and easily accessible to the public?.
Answer: 1. property record cards 2. maps 3. Tax duplicates 4. alphabetical
index
• Assessors Certification Date.
Answer: November 15th
• Last day to apply for the Clean and Green program for the next tax year.
Answer: June 1st
• Reconciliation.
Answer: What is the last step after all three approaches to value?
• Last step after considering all three approaches to value.
Answer: Reconciliation
• Intestate.
Answer: A person who dies having made no will.
• What principle is the foundation for the cost approach?.
Answer: Substitution
• .001 in mills.
Answer: 1 mill
• An appraiser must keep their work file for how long?.
Answer: 5 years from its preparation or 2 years after final disposition of any
final judicial proceeding. WHICHEVER HAPPENS LAST.
• Minimum number of class hours to sit for the CPE test.
Answer: 90
• What is not legally required to have readily available and easily accessible
in the assessment office?.
Answer: Tax Bills
• What is the last step in the appraisal process?.
Answer: Reconciliation of the indicated values to derive final value
(CPE CERTIFICATION SCRIPT 2026
QUESTIONS WITH SOLUTIONS GRADED A+
• Location.
Answer: What is the most significant physical factor in resident highest and
best use?
• What principle is simplified by asking "does it fit in"?.
Answer: Conformity
• What is Easement in gross?.
Answer: an interest in the property that belongs to an individual person
• State Board of Certified Real Estate Appraisers.
Answer: What board mandates, certifies and recertifies assessors?
• State Board of Certified Real Estate Appraisers.
Answer: What is the name of the certifying and recertifying board?
• What is an expense cap clause?.
Answer: Sets the limit that the tenant will pay for expenses.
• cost at the time a property was originally constructed and placed into
service.
Answer: Historical Cost
• Principle of Balance- neighborhood.
Answer: Maximum value is reached when the uses of land are perfectly
complimentary. It works together with the principles of contribution,
increasing and decreasing returns and surplus productivity
• Date that public notice must be given that tax rolls are open for public
inspection.
Answer: July 1st
,• Fixed Expenses.
Answer: Items over which a property owner has no control, such as
insurance and real estate taxes, which are both, regulated by governmental
agencies.
• Methods used for discovery.
Answer: 1. Deeds 2. Subdivision Plans 3. Aerial and Tax Maps 4. GIS 5.
Building and Occupancy Permits 6. Field Reviews
• How often must you be recertified?.
Answer: 2 Years
• economic rent.
Answer: the rental income that property should command on the open
market
• subdivision.
Answer: a tract of land which has been divided into smaller pieces ( called
lots), usually for the purpose of constructing residences which will be sold
individually. Principle of Conformity
• An Assessor is accountable to whom?.
Answer: Himself, taxpayers and all taxing authorities
• Principle of Consistent Use.
Answer: When valuing a property the appraiser must value the property as a
unit and not value the components separately. It is improper to value the
land for one use and the buildings for another use.
• Assessment X Millage Rate =.
Answer: Taxes to be paid by the taxpayer
• comparative unit.
Answer: cost per square foot least accurate
• Relationship between monthly rental income and the value of property.
Answer: GMRM/GRM (Gross Rent Multiplier)
• Ad Valorem Taxation.
, Answer: Taxes are levied according to the value of the property
• owner of the property giving the right to use the property through the lease
document.
Answer: lessor
• 3.
Answer: Upon employment, this is how many years you have to become
certified.
• Depreciation.
Answer: the loss of utility and therefore value, for any cause, deterioration
or obsolescence of property.
• Location.
Answer: What is the most significant physical factor in resident highest and
best use?
• factored historical cost.
Answer: cost to bring it up today
• lessor.
Answer: owner of the property giving the right to use the property through
the lease document
• Personal Property.
Answer: Moveable items not permanently affixed to, or part of, the real
estate
• The number that is repeated more often than any other number.
Answer: Mode
• method used in the US and Canada to locate and identify land, particularly
for lots in densely populated metropolitan areas, suburban areas ex: lot no
184 in section 15 of the survey.
Answer: lot & block
• Ad Valorem Tax.
Answer: Based on the value of tangible and intangible property
, • As assessment office must have which legally required materials readily
available and easily accessible to the public?.
Answer: 1. property record cards 2. maps 3. Tax duplicates 4. alphabetical
index
• Assessors Certification Date.
Answer: November 15th
• Last day to apply for the Clean and Green program for the next tax year.
Answer: June 1st
• Reconciliation.
Answer: What is the last step after all three approaches to value?
• Last step after considering all three approaches to value.
Answer: Reconciliation
• Intestate.
Answer: A person who dies having made no will.
• What principle is the foundation for the cost approach?.
Answer: Substitution
• .001 in mills.
Answer: 1 mill
• An appraiser must keep their work file for how long?.
Answer: 5 years from its preparation or 2 years after final disposition of any
final judicial proceeding. WHICHEVER HAPPENS LAST.
• Minimum number of class hours to sit for the CPE test.
Answer: 90
• What is not legally required to have readily available and easily accessible
in the assessment office?.
Answer: Tax Bills
• What is the last step in the appraisal process?.
Answer: Reconciliation of the indicated values to derive final value
