Property Valuation
Exposure time in a Maryland appraisal refers to:
AHow long the property has been vacant
BThe estimated time the property would need to be on the market prior to the effective date of value to achieve the appraised value✓ Correct
CHow long it took to complete the appraisal
DThe time before which a contingency expires
Explanation
Exposure time is a retrospective concept — the estimated time the property would need to have been on the market before the effective date to sell at the appraised value under market conditions.
Related Maryland Property Valuation Questions
- An appraiser in Maryland who violates the Uniform Standards of Professional Appraisal Practice (USPAP) may face discipline from:
- In Maryland, the income capitalization approach is MOST useful for appraising:
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- Economic life of a building in the cost approach refers to:
- In the income approach, a Maryland appraiser deducts which of the following to arrive at NOI?
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- The principle of substitution in Maryland real estate appraisal states:
- The principle of progression states that a lower-value Maryland home located among higher-value homes will:
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