Property Valuation
Uniform Standards of Professional Appraisal Practice (USPAP) apply to Alaska appraisers and require:
AAll appraisals to use the sales comparison approach
BCompetency, independence, impartiality, objectivity, and written appraisal reports meeting minimum standards✓ Correct
CAll appraisals to be reviewed by the Alaska Real Estate Commission
DAppraisers to be licensed by the Alaska Real Estate Commission
Explanation
USPAP establishes ethical and performance standards for appraisers in the U.S.
Related Alaska Property Valuation Questions
- The 'gross income multiplier' (GIM) differs from the gross rent multiplier (GRM) in that GIM uses:
- An appraiser uses the cost approach for a property and estimates reproduction cost new at $380,000, land value at $75,000, and total depreciation at $55,000. What is the estimated value?
- Which of the following types of depreciation is generally considered incurable?
- The principle of substitution in appraisal holds that:
- An appraisal report prepared for a federally related transaction in Alaska must comply with:
- The 'gross living area' (GLA) used in Alaska residential appraisals typically includes:
- In Alaska, the 'direct capitalization' method of valuation divides which two figures?
- A licensee in Alaska performing a comparative market analysis (CMA) is:
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