Property Valuation
Which Mississippi organization licenses real estate appraisers?
AMREC
BMississippi Real Estate Appraiser Licensing and Certification Board✓ Correct
CMississippi Department of Finance
DThe Appraisal Foundation
Explanation
The Mississippi Real Estate Appraiser Licensing and Certification Board (REALB) licenses and regulates real estate appraisers in Mississippi, separate from MREC's oversight of real estate licensees.
Related Mississippi Property Valuation Questions
- The principle of 'progression' in real estate valuation states that:
- A Mississippi appraiser is asked to provide a 'desktop appraisal' (without a physical interior inspection). Under current guidelines, desktop appraisals:
- The income capitalization approach estimates property value by:
- Which of the following is typically NOT a factor in the sales comparison approach when appraising a Mississippi home?
- Physical deterioration that is 'curable' in the cost approach means:
- External obsolescence (economic obsolescence) in appraisal refers to loss in value caused by:
- A Mississippi appraiser estimates 'functional obsolescence' in a residential property because the home has only one bathroom for a 4-bedroom house. This is an example of:
- Which appraisal approach is most commonly used to value single-family residential properties in Mississippi's Jackson metro market?
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →