Property Valuation
In Arkansas, appraisers are licensed and regulated by:
AAREC
BThe Arkansas Appraiser Licensing and Certification Board (AALCB)✓ Correct
CHUD
DThe Appraisal Institute
Explanation
The Arkansas Appraiser Licensing and Certification Board (AALCB) regulates and licenses real estate appraisers in Arkansas, separate from AREC which regulates real estate brokers and salespersons.
Related Arkansas Property Valuation Questions
- The gross income multiplier (GIM) differs from the GRM in that GIM uses:
- External obsolescence in property valuation is caused by:
- The principle of 'substitution' in real estate appraisal states that:
- A property generates a net operating income of $30,000 per year. Using a capitalization rate of 6%, what is the indicated value?
- Depreciation in appraisal refers to:
- A property's Gross Rent Multiplier (GRM) is calculated by dividing the:
- Effective age differs from actual (chronological) age in that effective age:
- Which appraisal approach is most commonly used for appraising special-purpose properties such as churches or schools?
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