Property Valuation
In Alaska, an appraiser who is asked to value a property for a predetermined value is being asked to engage in:
AA legitimate market analysis
BPredetermined value appraisal — a serious USPAP violation✓ Correct
CA comparative market analysis
DA review appraisal
Explanation
USPAP prohibits appraisers from accepting assignments with predetermined values or from being pressured to hit a target value. An appraiser must independently develop and report an unbiased opinion of value.
Related Alaska Property Valuation Questions
- The principle of substitution in appraisal holds that:
- Permafrost thaw beneath a building in Alaska is an example of which type of depreciation in an appraisal?
- The appraisal approach most commonly used to value single-family residential properties in Alaska is the:
- An appraiser uses the 'age-life' method of depreciation calculation. For a building with a 60-year economic life that is currently 15 years old (effective age), the percentage of depreciation is:
- In Alaska's remote areas, an appraiser may have difficulty using the sales comparison approach because:
- In Alaska, functional obsolescence in a property could be caused by:
- In the sales comparison approach, an appraiser adjusts the comparable sale price when:
- When an Alaska appraiser 'brackets' the subject property with comparables, they are:
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