Quizlet Real Estate Appraisal

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Real Estate Appraisal Flashcards Quizlet

4 hours ago Quizlet.com Get All

Appraisal. An estimate of the quantity, quality, or value of something. The process through which conclusions of property value are obtained; also refers to the report that sets forth the process of estimation and conclusion of value. An accurate, objective appraisal is an important part of a real estate transaction, as well as a safeguard

Link: https://quizlet.com/302510521/real-estate-appraisal-flash-cards/

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Real Estate Appraisal Flashcards Quizlet

4 hours ago Quizlet.com Get All

-FREAB Florida Real Estate Appraisal Board stopped issuing licenses for appraisers, only certification in 2003 one with lowest price will have greatest demand. Adjustment. Other Quizlet sets. MSE 2001: Test 3. 13 terms. zack1393. K324 Exam 2. 27 terms. nkchamplin. Neuro Exam 1 Information.

Link: https://quizlet.com/570053904/real-estate-appraisal-flash-cards/

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Real Estate Appraisal Flashcards Quizlet

4 hours ago Quizlet.com Get All

Step 1 Identify the problem and property rights to be conveyed. Step 2 Determine the scope of work. Step 3 Gather, record, and verify data. Uniform Appraisal Dataset (UAD) applies to conventional mortgage loans sold to Fannie Mae and Freddie Mac. Data for Sales Comparison Approach.

Link: https://quizlet.com/112205579/real-estate-appraisal-flash-cards/

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Real Estate Appraisal Flashcards Quizlet

4 hours ago Quizlet.com Get All

Start studying Real Estate Appraisal. Learn vocabulary, terms, and more with flashcards, games, and other study tools. What is the lowest real estate appraiser classification..? Most probable price the property will sell for in an arm's-length transaction under normal conditions on the open market.

Link: https://quizlet.com/501073991/real-estate-appraisal-flash-cards/

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real estate appraisal Flashcards and Study Sets Quizlet

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$9.99.Real Estate License Exam Calculations. This study guide contains 250 calculation questions to prepare for the Real Estate License Exam. This content provides intensive practice in the areas you’ll find on the test. All questions are test-l…. Preview study guide. 7 Sets - $9.99.

Link: https://quizlet.com/subject/real-estate-appraisal/

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Ch. 1 Real Estate Appraisal Flashcards Quizlet

9 hours ago Quizlet.com Get All

Enacted in 1989 as a result of the savings and loan financial crisis of the 1980s. The goal of the Act was to modify federal laws governing thrift and bank regulation. Title XI of the Act includes real estate appraisal reforms. Called for the reform and regulation of real estate appraisers involved in federally related financial transactions.

Link: https://quizlet.com/598293903/ch-1-real-estate-appraisal-flash-cards/

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FINC 371 Chapter 9 Flashcards Quizlet

1 hours ago Quizlet.com Get All

$250,000-authorized to perform appraisals involving complex one to four unit residential properties in transactions of less than $250,000 and to perform appraisals for non complex one to four unit residential properties for transactions of less than $1 million-associates degree or higher-150 hours of education-pass exam-2,000 hours of appraisal experience

Link: https://quizlet.com/605943874/finc-371-chapter-9-flash-cards/

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real estate Flashcards and Study Sets Quizlet

Just Now Quizlet.com Get All

Learn real estate with free interactive flashcards. Choose from 500 different sets of real estate flashcards on Quizlet.

Link: https://quizlet.com/subject/real-estate/

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Quizlet.com Real Estate

2 hours ago Globalreal-estate.net Get All

$360,000.Real Estate Chapter 11 Quizlet. Just Now Real-estate-find.com Get All . $360,000. Barnes Real Estate School - Online Flashcards, Study . Houses (2 days ago) Charles barnes final exam answers; A certain investor wants an 11% return on investment from any real estate investment. a property priced at $360,000 has gross income of $60,000 and expenses of $22,000. approximately how much too high …

Link: https://globalreal-estate.net/quizlet.com/

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The Appraisal Came in Low — Now What? Zillow

9 hours ago Zillow.com Get All

But low real estate appraisals are more common than you think. According to the Zillow Group Consumer Housing Trends Report 2018, among sellers who sold in the past 12 months and had a deal fall through, 10 percent said it happened because the appraisal was lower than the purchase price. A low appraisal doesn’t always mean a canceled deal.

Link: https://www.zillow.com/sellers-guide/appraisal-came-in-low/

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Real Estate Appraisal Review Process

7 hours ago Globalreal-estate.net Get All

The Appraisal Came in Low — Now What? Zillow. 9 hours ago Zillow.com Get All . But low real estate appraisals are more common than you think. According to the Zillow Group Consumer Housing Trends Report 2018, among sellers who sold in the past 12 months and had a deal fall through, 10 percent said it happened because the appraisal was lower than the purchase price.

Link: https://globalreal-estate.net/real-estate-appraisal-review-process/

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What You Should Know About Home Appraisals

3 hours ago Investopedia.com Get All

According to the Appraisal Institute, an association of professional real estate appraisers, a qualified appraiser should be licensed or certified—as required in all …

Link: https://www.investopedia.com/articles/pf/12/home-appraisals.asp

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Texas Real Estate Practice Exam Quizlet

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texas real estate Flashcards and Study Sets Quizlet. 6 hours ago Quizlet.com Related Item ››. Texas Safe Driving Questions. 34 practice questions. See all 4 sets in this study guide. 334 Terms. mlemonds. Texas Real Estate - Definitions. Exclusive-right-to-sell Listing.

Link: https://globalreal-estate.net/texas-real-estate-practice-exam-quizlet/

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real estate appraisal exam flash cards Appraisal Tests

6 hours ago Appraisaltests.com Get All

The appraisal related flash cards will help you get ready for your appraisal trainee exam and the certified residential appraisal appraisal exam as well. These appraisal related flash cards will help you crush that upcoming appraisal test! For more specific appraisal test …

Link: https://www.appraisaltests.com/real-estate-appraisal-exam-flash-cards-test-flashcards/

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How Much Above Appraisal Should I List My House? …

5 hours ago Zillow.com Get All

$302,000.Buyers who search for homes online tend to search up to a certain price point — usually a round number — so keep that in mind when you price your home. Let’s say your home appraises for $302,000. If you price the home at $299,000 instead of $302,000, your listing will get in front of buyers who set their maximum price filter at $300,000.

Link: https://www.zillow.com/sellers-guide/how-much-above-appraisal-should-i-list-my-house/

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Appraisal Value vs. Market Value What is the …

2 hours ago Americanfinancing.net Get All

A home appraisal is an objective, third-party assessment of a home’s market value. They’re ordered by mortgage lenders to assess the market value and to ensure the borrower isn’t trying to borrow more money than the home is worth. So, the appraised value sets the …

Link: https://www.americanfinancing.net/mortgage-basics/assessed-appraised-market-value-difference

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How Home Appraisal Affects Selling Price Rocket …

1 hours ago Rocketmortgage.com Get All

An appraisal directly affects the amount of mortgage loan you can get because your lender gives you a home loan based on the appraisal’s estimate of the fair market value of the home. It keeps the lender from lending you too much money and keeps you from borrowing more than you need for a particular home.

Link: https://www.rocketmortgage.com/learn/does-house-have-to-appraise-for-selling-price-or-mortgage-amount

Category: Homes For Sale, Real Estate PriceShow more

My Appraisal Came in Low: Why It Happens and Buyer …

5 hours ago Zillow.com Get All

$10,000What if the appraisal is lower than purchase price: your options. A low appraisal is bad news because the lender will only provide a loan up to the appraised value, overriding your agreed-upon purchase price. Going back to the example provided earlier, who covers the $10,000 discrepancy between your offer of $390,000 and the appraisal of

Link: https://www.zillow.com/home-buying-guide/is-a-low-appraisal-good-for-buyer/

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What To Do When You Receive A Low Appraisal …

2 hours ago Quickenloans.com Get All

$200,000Reduce Your Asking Price. As a seller, you can reduce your asking price to the appraised value. You might have accepted an offer of $200,000 for your home. But if the appraisal says your home is worth $180,000, you can agree to accept that amount from your buyers instead.

Link: https://www.quickenloans.com/learn/saving-your-home-sale-when-the-appraisal-comes-in-too-low

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Georgia Real Estate Appraisal Board

6 hours ago Globalreal-estate.net Get All

$325.Real Estate Appraisal Board. 8 hours ago Globalreal-estate.net Get All . $325. 2021 Home Appraisal Cost Average Appraisal Fees . 7 hours ago Thumbtack.com Related Item ››. $325 Average cost range. $325-$395.Low-end cost range. $165-$299.High-end cost range. $500-$700.A residential appraisal is an opinion of a property’s value. Whether you require it as part of a real estate transaction

Link: https://globalreal-estate.net/georgia-real-estate-appraisal-board/

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Comparative Market Analysis: A Guide Rocket Mortgage

4 hours ago Rocketmortgage.com Get All

$450,000,Let’s look at a simplified example of how a comparative market analysis could help a buyer. A couple is interested in purchasing a single-family home that’s listed for $450,000, but they want to negotiate the asking price.They ask their real estate agent to run a comparative market analysis on the home to help them come up with a competitive offer based on current market trends.

Link: https://www.rocketmortgage.com/learn/comparative-market-analysis

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Amazon.com: Questions and Answers to Help You Pass …

7 hours ago Amazon.com Get All

007-04-12Real Estate Appraisal Exam (Real Estate Appraisal Exam: The Complete Preparation Guide) by LearningExpress Editors (2007-04-12) 4.1 out of 5 stars 16 Paperback

Reviews: 33

Link: https://www.amazon.com/Questions-Answers-Estate-Appraisal-Exams/dp/0793191793

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What Do House Appraisals Cost? MustKnow Info for …

4 hours ago Realtor.com Get All

You’re responsible for the appraiser’s fee: Paying for the appraiser falls in the shoulders of the home buyer. For most loans, a typical property appraisal takes a few hours or less and costs

Link: https://www.realtor.com/advice/buy/what-you-should-know-about-the-appraisal-process/

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How to Challenge a Low Real Estate Appraisal on My …

4 hours ago Maxrealestateexposure.com Get All

508-625-0191About the author: The above Real Estate information on the how to challenge a low real estate appraisal on my home was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at [email protected] or by phone at 508-625-0191. Bill has helped people move in and out of many Metrowest towns for the last 29+ Years.

Link: https://www.maxrealestateexposure.com/challenge-low-real-estate-appraisal/

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Appraisal vs CMA vs BPO What's the difference

1 hours ago Birminghamappraisalblog.com Get All

Many people know what an appraisal is, and they’ve heard of a CMA (Comparative Market Analysis) and a BPO (Broker Price Opinion) but they don’t know the difference. Today I thought I would compare these 3 methods used to estimate the value of a property. Comparative Market Analysis (CMA)- The CMA is performed by real estate […]

Link: https://birminghamappraisalblog.com/appraisal/appraisal-vs-cma-vs-bpo-whats-the-difference/

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Property Value & Appraisal Practice Test Questions

6 hours ago Study.com Get All

$85,000.Question 14 14. The building cost of an existing property is $85,000. A similar house could be built for $30,000 on a piece of land that could be bought for $25,000. The appraiser estimates the

Link: https://study.com/academy/exam/topic/property-value-appraisal.html

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Florida Real Estate Appraisal Requirements

3 hours ago Globalreal-estate.net Get All

The Appraisal Came in Low — Now What? Zillow. 9 hours ago Zillow.com Get All . But low real estate appraisals are more common than you think. According to the Zillow Group Consumer Housing Trends Report 2018, among sellers who sold in the past 12 months and had a deal fall through, 10 percent said it happened because the appraisal was lower than the purchase price.

Link: https://globalreal-estate.net/florida-real-estate-appraisal-requirements/

Category: Real Estate, Florida Real EstateShow more

Home Appraisal: What to Know About House Appraisals

2 hours ago Maxrealestateexposure.com Get All

When all the house details are collected, the appraiser can look over the recent sales of similar homes – searching for properties as identical to yours as possible – and make a comparison to deliver the final appraisal price. The real estate appraiser will be licensed and insured to conduct an appraisal. Appraising a home is an art and

Link: https://www.maxrealestateexposure.com/know-about-real-estate-appraisals/

Category: Homes For Sale, House For SaleShow more

Principles: Chapter 9 • Real Estate Appraisal Flashcards

2 hours ago Cram.com Get All

Principles: Chapter 9 • Real Estate Appraisal; Principles: Chapter 9 • Real Estate Appraisal. by visitor999, May 2012. Subjects: 9 appraisal chapter estate principles real Bulk purchasing is a tried and true method of saving money, but it has to be combined with concise price comparison to be most effective. Resist the urge to

Link: https://www.cram.com/flashcards/principles-chapter-9-real-estate-appraisal-2208554

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Gross Income Multiplier Definition

4 hours ago Investopedia.com Get All

It can be used by investors and real estate professionals to make a rough determination whether a property's asking price is a good deal—just like the …

Link: https://www.investopedia.com/terms/g/gross-income-multiplier.asp

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Home Appraiser: What Do Appraisers Look At During …

6 hours ago Maxrealestateexposure.com Get All

508-625-0191About the author: The above Real Estate information on what home appraisers look for during a real estate appraisal was provided by Bill Gassett, a Nationally recognized leader in his field.Bill can be reached via email at [email protected] or by phone at 508-625-0191. Bill has helped people move in and out of many Metrowest towns for the last 34+ Years.

Link: https://www.maxrealestateexposure.com/appraisers-look-real-estate-appraisal/

Category: Real Estate Appraiser, Homes For SaleShow more

6 Ways Sellers Can Bounce Back From A Low Appraisal

9 hours ago Forbes.com Get All

$10,000,For example, if the difference between the sales price and the appraised value is $10,000, the seller could lower the price by $5,000 and get the buyer to bring another $5,000 to closing.

Link: https://www.forbes.com/sites/trulia/2015/01/24/6-ways-sellers-can-bounce-back-from-a-low-appraisal/

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Residential Sales Comparison and Income Approaches …

5 hours ago Flashcardmachine.com Get All

the appraisal principle that states that when several similar or commensurate commodities, goods, or services are available, the one with the lowest price will attract the greatest demand and widest distribution. This is the primary principle upon which the cost and sales comparison approaches are …

Link: https://www.flashcardmachine.com/residential-sales-comparisonandincomeapproaches.html

Category: Residential Real EstateShow more

Study For Basic Appraisal Principles Practice Test

7 hours ago Rsmhonda2.dealervenom.com Get All

or services are available, the one with the lowest price will attract the greatest demand and widest Quizlet The Basic Real Estate Appraisal Principles Course is a 30-hour introductory appraisal course that meets the standards set forth by The Appraisal Foundation's required core curriculum. Basic Appraisal Principles Course Topic Matrix.

Link: http://rsmhonda2.dealervenom.com/study_for_basic_appraisal_principles_practice_test.pdf

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Wisconsin Real Estate Salesperson Exam: Study Guide

2 hours ago Study.com Get All

Utah Real Estate Salesperson Exam: Study Guide & Practice Identify which amount to appraisal provides the lowest possible value; while the other two submit higher prices. They take turns

Link: https://study.com/academy/exam/course/wisconsin-real-estate-salesperson-exam-study-guide-practice.html

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52 essential real estate terms you should know …

5 hours ago Opendoor.com Get All

Appraisal. An appraisal is required to gather the estimated value of a piece of real estate. During the home sale, the mortgage lender sends out an appraiser to get a professional opinion of the value of the property. This helps the lender decide if the property is worth the amount of the loan the potential buyer is seeking. Appraisal contingency

Link: https://www.opendoor.com/w/blog/real-estate-terms-you-should-know

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Real Estate Math For Dummies

9 hours ago Globalreal-estate.net Get All

Real Estate Math Guide + Printable Real Estate Math Cheat . 3 hours ago Realestatelicensewizard.com Get All . Here is a list of real estate math definitions that are essential for both obtaining your real estate license and taking the real estate exam. Ad valorem – The …

Link: https://globalreal-estate.net/real-estate-math-for-dummies/

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What Is a Home Appraisal Based on? Home Guides …

3 hours ago Homeguides.sfgate.com Get All

Even a real estate novice knows that location matters, and it will matter to your appraiser. Homes in more desirable neighborhoods earn …

Link: https://homeguides.sfgate.com/home-appraisal-based-on-6625.html

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MICHIGAN REAL ESTATE EXAM PREP Best 2021 Real …

6 hours ago Realestateexamscholar.com Get All

The Michigan real estate exam prep material in the enrolled area is the highest quality, continually updated, and yet the lowest price online. Each exam question and answer is written by real estate professionals and cross examined and edited for accuracy.

Link: https://www.realestateexamscholar.com/michigan-real-estate-exam-prep-the-best-and-lowest-price-michigan-real-estate-exam-prep/

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How Does the Home Appraisal Process Work for Buyers?

7 hours ago Biggerpockets.com Get All

The appraiser who performs the appraisal views the property and decides on the final value of the home. This is done largely by comparing the subject property to similar properties that have recently sold in the immediate vicinity. The lending institution through which you are getting your loan will initiate a request for a real estate appraisal.

Link: https://www.biggerpockets.com/blog/home-appraisal-process

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FDIC Law, Regulations, Related Acts Statements of …

8 hours ago Fdic.gov Get All

An institution acting as a fiduciary is not required to obtain appraisals under the Agencies' appraisal regulations if an appraisal is not required under other laws governing fiduciary responsibilities in connection with a transaction. 44 For example, if no other law requires an appraisal in connection with the sale of a parcel of real estate

Link: https://www.fdic.gov/regulations/laws/rules/5000-4800.html

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Florida Real Estate Flash Cards homeszz.com

6 hours ago Homeszz.com Get All

Free Flashcards about Florida Real Estate. Real Estate Details: 39 rows · Florida Real Estate Sales. is an individual who meets the requirements of a broker but who chooses to work (operate) in real estate under the direction (employ) of another broker. is a policy of let the buyer beware (buyer is responsible for own knowledge in real estate transactions). is anything of value or a valuable

Link: https://www.homeszz.com/florida-real-estate-flash-cards/

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Physical Depreciation Real Estate Definition

5 hours ago Globalreal-estate.net Get All

Physical Depreciation Definition Real Estate. 5 hours ago Globalreal-estate.net Get All . Physical depreciation definition of Physical. 5 hours ago Thefreedictionary.com Get All.1. a decrease in value due to wear and tear, decline in price, etc. 2. such a decrease as allowed in computing the value of property for tax purposes.3.

Link: https://globalreal-estate.net/physical-depreciation-real-estate-definition/

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Quizlet Georgia Real Estate XpCourse

2 hours ago Xpcourse.com Get All

Use our free Real Estate practice exams (updated for 2020) to pass the Real Estate License Exam - an assessment taken by candidates who wish to become a Real Estate Agent or Broker.Real Estate Agents work to advise home buyers and sellers on market conditions, real estate prices, mortgages, and how to best present their homes in order to sell at the best price.

Link: https://www.xpcourse.com/quizlet-georgia-real-estate

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Nc Real Estate Exam Flash Cards

2 hours ago Globalreal-estate.net Get All

$185.7 Costs for New North Carolina Real Estate Brokers . Just Now Superiorschoolnc.com Get All . $185. Estimated cost: $185. The North Carolina real estate broker licenses are issued at no charge, but the application fee is $100 and the exam fee is $64. Licenses are issued for a one-year period ending on June 30 and the renewal process of the license begins 45 days before that date.

Link: https://globalreal-estate.net/nc-real-estate-exam-flash-cards/

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Frequently Asked Questions

What should a realtor do at an appraisal?

A good real estate agent should be there to represent your best interests in the sale! One of the things a Realtor can do that is helpful to a real estate appraiser is to have comparable properties on hand. Your real estate agent can bring the listing sheets to the appraisal and hand them to the appraiser.

How does an appraisal compare a home to a list price?

In a qualitative comparison, features of the homes are compared to each other to arrive at a list price estimate. Agents will look at the different types of listings to decide what other homes like yours have sold for, how long it took to sell them, and the difference between the sales price the the list price.

How does an appraiser adjust the value of a home?

In figuring appraised value, appraisers use what’s known as bracketing when making adjustments on a home’s value. Keep reading to see all the best tips for going about disputing a low real estate appraisal. Once a seller finds out they need to fight a low appraisal, it’s important to know exactly how to rectify the situation.

Which is higher appraisal value or market value?

On the other hand, if you're seeing a ton of interest in your home from multiple buyers, you may find that the market value is higher than the appraisal value. Home buyers should be most concerned with the fair market value of a home because it’s what you should base your offer on.

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