Property Valuation
Which organization sets minimum qualification standards for state-certified and licensed real estate appraisers?
AAREC
BThe Appraisal Qualifications Board (AQB) of The Appraisal Foundation✓ Correct
CThe Appraisal Institute
DFannie Mae
Explanation
The Appraisal Qualifications Board (AQB) of The Appraisal Foundation establishes minimum education, experience, and examination criteria for appraiser licensure and certification.
Related Alabama Property Valuation Questions
- Physical deterioration that can be economically repaired is called:
- Which of the following properties would most likely be appraised using the cost approach as the primary method?
- A capitalization rate decreasing over time in a market generally indicates:
- Effective age of a building differs from actual (chronological) age because effective age:
- What is the indicated value of a property with an annual NOI of $36,000 and a capitalization rate of 7.5%?
- When an appraiser says a property has 'economic life remaining' of 20 years, it means:
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- A property manager reports the following: Gross potential income $120,000; Vacancy 5%; Operating expenses $40,000. What is the NOI?
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