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All state licensed and certified appraisers must conform to USPAP regardless of the
appraisal assignment.
The equity residual technique analyzes the cash flow, rather than the net operating
income from an investment.
Under FIRREA, not every appraisal for a federally related transaction must comply
with USPAP.
The building materials selected for a structure depend in part upon their availability,
durability, and the climate of the location.
A strong demand can be effective without purchasing power.
Whether the land is actually vacant or improved, it should be appraised as if it were
vacant.
The direction and speed of price movements may suggest how strong or weak
the market is.
Rent for the manager's unit should be included in the rent forecast.
Eminent domain appraisals involve essentially the same general purpose as other
appraisals; the estimate of market value.
In simple terms, market value essentially means the most probable sales price in an
open market.
A town seldom changes its main function.
The greatest weight should generally be given to the comparable sales that require the
least adjustment.
Deed restrictions are examples of government controls.
Easements often constitute appurtenant rights.
Operating expenses should include all owner-related expenses.
In a property under lease, the land owner holds a leasehold estate.
Value in use is an objective kind of value that means the value to people in general.
