Pennsylvania Certified Evaluator Exam Questions
with Answers Updated Latest (100% Correct)
The most probable price which a Market Value
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 sale.
The actual amount paid, or to be Market Price
paid, for a property in a
particular transaction
A written document under seal Deed
conveying real estate. Types:
Warranty and Quit Claim
A deed in which the grantor Warranty Deed
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.
The deed by which the grantor Quit Claim Deed
conveys
only the interest he or she may
have in the property
The greatest degree of Fee Simple Title
ownership. It is title free and
clear of all liens & encumbrances.
, ...No taxes, no loans. Owner
owns the bundle of rights
with Answers Updated Latest (100% Correct)
The most probable price which a Market Value
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 sale.
The actual amount paid, or to be Market Price
paid, for a property in a
particular transaction
A written document under seal Deed
conveying real estate. Types:
Warranty and Quit Claim
A deed in which the grantor Warranty Deed
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.
The deed by which the grantor Quit Claim Deed
conveys
only the interest he or she may
have in the property
The greatest degree of Fee Simple Title
ownership. It is title free and
clear of all liens & encumbrances.
, ...No taxes, no loans. Owner
owns the bundle of rights
