Property Valuation
In Arizona, a property appraiser must be free from 'coercion' or 'pressure' to hit a target value. This principle is codified in:
AArizona license law only
BUSPAP's Ethics Rule and federal appraisal independence requirements under Dodd-Frank✓ Correct
CThe ADRE's advertising rules
DNAR's Code of Ethics
Explanation
Appraisal independence is required under USPAP's Ethics Rule and federal law (Dodd-Frank/Appraiser Independence Requirements). Appraisers must provide honest, independent, and unbiased opinions of value—free from coercion to reach a predetermined value.
Related Arizona Property Valuation Questions
- In the cost approach, what does 'reproduction cost' mean?
- When an appraiser adjusts a comparable sale upward by $5,000 for a feature the subject has but the comparable lacks, the adjustment means:
- Economic life of a building in the cost approach refers to:
- Regression in real estate appraisal means:
- The 'cost approach' to valuation in Arizona is most reliable and commonly used for:
- In Arizona, a property appraiser finds that the subject property has a 3-car garage while all comparables have 2-car garages. If the market shows a 2-car garage adds $8,000 in value over a 1-car, the appraiser would make:
- In Arizona, an appraisal ordered for federally related transactions must be performed by:
- In the income approach, if an Arizona property has an NOI of $72,000 and sold for $900,000, what is the overall capitalization rate?
Practice More Arizona Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →