Property Valuation
Florida property appraisers must comply with USPAP (Uniform Standards of Professional Appraisal Practice). USPAP is developed by:
AFREC
BThe Appraisal Standards Board of The Appraisal Foundation✓ Correct
CThe Florida Real Estate Appraisal Board (FREAB) exclusively
DHUD and FHA jointly
Explanation
USPAP is developed and published by the Appraisal Standards Board (ASB) of The Appraisal Foundation, a congressionally authorized private organization. USPAP sets the ethical and performance standards for all licensed appraisers in the U.S.
Related Florida Property Valuation Questions
- The 'plottage' principle in real estate valuation means that:
- In Florida real estate, 'functional obsolescence' is defined as a loss in value due to:
- When an appraiser considers 'physical depreciation' that is 'curable,' this means:
- In Florida, the county property appraiser determines the 'just value' (market value) of property for tax purposes as of:
- A Florida office building generates a Net Operating Income (NOI) of $120,000 per year. Using a capitalization rate of 8%, what is the indicated value?
- The 'gross rent multiplier' (GRM) is calculated by:
- When using the sales comparison approach in a Florida appraisal, adjustments are made to the:
- When using the sales comparison approach for a Florida home, an appraiser should use comparable sales that are generally:
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