Preview Questions Real Estate Appraiser | Role Specific Skill

Question 1: Which of the following indicates a poorly installed window system?

Which action should you take?

Choose only one option

Small cracks on the glass

Older window frames

Gaps around the edges or condensation buildup

Absence of weatherproofing strips

Question 2: How is economic obsolescence measured during property appraisal?

Which action should you take?

Choose only one option

By reviewing historical financial data

By reviewing depreciation records

By analyzing external market conditions

By comparing property design

Question 3: What is the primary concern when conducting a roof inspection during a property appraisal?

Which action should you take?

Choose only one option

Roof color

Roof age and condition

Roof insulation quality

Roof shape and slope

Question 4: How is external obsolescence in property valuation typically measured?

Which action should you take?

Choose only one option

Physical features of the property

Economic factors affecting the area

Depreciation in construction cost

Adjustments based on comparable properties

Question 5: When using the income approach, why is projecting future operating expenses critical?

Which action should you take?

Choose only one option

To comply with IRS standards

To estimate future property taxes

To determine property depreciation rates

To minimize errors in NOI calculations

Question 6: When using the sales comparison approach, which factor is most critical when selecting comparable properties?

Which action should you take?

Choose only one option

Physical proximity

Market similarity

Recent sales date

All of the above