What is a fundamental requirement for an outbuilding to be considered real property in an appraisal?
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It must be permanently attached to the land.
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When an outbuilding contains an ADU, what information must the appraiser include?
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Details about the mechanical systems, including heating, cooling, and fuel type
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How should a detached garage that also contains an ADU be reported?
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Only the vehicle storage portion should be reported in the Vehicle Storage section
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Fill in the blank: For each amenity on the subject property, the appraiser must report its ______, ______, ______, and description
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For each amenity on the subject property, the appraiser must report its TYPE, QUALITY, CONDITION and DESCRIPTION
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When is it necessary to reconcile Overall Quality and Overall Condition ratings?
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When the property has multiple units with differing ratings
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How should an appraiser handle a subject property amenity that has significant deferred maintenance?
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Document its condition and any impact on the property, even if it does not add value
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Transcript
What is a fundamental requirement for an outbuilding to be considered real property in an appraisal?
Flip flashcard to reveal answer
The correct answer is...
It must be permanently attached to the land.
Back to Question
Next card
When an outbuilding contains an ADU, what information must the appraiser include?
Flip flashcard to reveal answer
Previous card
The correct answer is...
Details about the mechanical systems, including heating, cooling, and fuel type
Next card
Back to Question
How should a detached garage that also contains an ADU be reported?
Flip flashcard to reveal answer
Previous card
The correct answer is...
Only the vehicle storage portion should be reported in the Vehicle Storage section
Next card
Next card
Back to Question
Fill in the blank: For each amenity on the subject property, the appraiser must report its ______, ______, ______, and description
Flip flashcard to reveal answer
Previous card
The correct answer is...
For each amenity on the subject property, the appraiser must report its TYPE, QUALITY, CONDITION and DESCRIPTION
Next card
Back to Question
When is it necessary to reconcile Overall Quality and Overall Condition ratings?
Flip flashcard to reveal answer
Previous card
The correct answer is...
When the property has multiple units with differing ratings
Next card
Back to Question
How should an appraiser handle a subject property amenity that has significant deferred maintenance?
Flip flashcard to reveal answer
Previous card
The correct answer is...
Document its condition and any impact on the property, even if it does not add value
Back to Question