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Add to cartThe ASC (Appraisal Subcommittee) has oversight authority over state appraisal boards.
Which of the below is a requirement of a valid real estate contract?
ANSWER--Consideration, in writing and signed, and lawful objective.
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The interaction of buyers and sellers who trade long-term or intermediate-term money instruments is the definition of the capital market.
An analysis of the market conditions of supply, demand, and pricing for a specific property type in a specific area is the definition of a market study.
A gathering of people for the buying and selling of things is the definition of a market.
Which of the following types of investments has historically generated the highest return on investment?
Real estate includes all of the following EXCEPT property rights.
The Conduct Section of the ETHICS RULE states, in part, that an appraiser must perform assignments with impartiality, objectivity, and independence.
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Create quizThis set of practice questions is designed to help you prepare for the McKissock Basic Appraisal Principles I Final Exam. These questions cover a range of topics related to appraisal principles, including real estate contracts, market analysis, property ownership, ethics, and more. Each question is followed by its corresponding answer, allowing you to test your knowledge and review the correct responses.