Property Valuation
In Tennessee, when an appraiser states a property's value 'as of' a specific date, this is called the:
AEffective date of the appraisal✓ Correct
BReport date only
CFuture value date
DMarket estimate date
Explanation
The effective date of the appraisal is the specific date to which the value opinion applies. This may differ from the report date (when the appraisal report is prepared or delivered).
Related Tennessee Property Valuation Questions
- An appraiser adjusts comparable sales for time to account for:
- Assessed value for property tax purposes in Tennessee is typically a percentage of:
- In Tennessee, the 'reproduction cost' in the cost approach means the cost to:
- Regression in real estate valuation means that:
- Economic obsolescence (external obsolescence) is a loss in value caused by:
- The principle of progression states that a lower-value property benefits from proximity to higher-value properties by:
- In the income capitalization approach, a lower capitalization rate results in a:
- The gross rent multiplier (GRM) approach is best suited for:
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