California Baptist University
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All courses for California Baptist University
- NU211 Fundamentals Exam 1 / NU 211 Fundamentals Exam 1 : Fundamentals of Professional Nursing: Rasmussen College 1
- NUR 256 NUR 256 1
- NUR 440 1
- NURS 190 NURS 190 - Physical Assessment Week 1 Study Guide (100% correct). 1
- NURS 215 NURS 215 1
- NURS 222 2
- NURS 222/NURS222MH Final Exam Study Guide NURS 222/NURS222MH Final Exam Study Guide 1
- NURSING 2
- NURSING 255 Community Health Nursing Exam #1 1
- Nursing 335 Nur -335 6
- NURSING 556 NURSING 556 3
Latest notes & summaries California Baptist University
Hybrid or generic models are reflective of which approach to value? Cost Approach 
 
What type of model is the following formula? MV=GQ x ((PL x SIZE)+(PB x SIZE)) 
Simple Hybrid (Generic) Cost Model 
 
What should a reappraisal start and end with? Ratio Report 
 
A "Yes/No" indicates what type of variable? Binary variable 
 
USPAP Standard 6 covers which type of appraisal? Mass Appraisal
What is a requirement of both single-property and mass appraisal? Uses three basic 
approaches to value 
 
What is the first step in the mass appraisal process? definition of the problem 
 
List the three types of data that must be collected in analyzing the market. General data 
Specific data 
Comparative data
A property assessment system organizes resources to carry out the primary assessment 
responsibilities of _______, _________, and __________ properties, in accordance with 
property tax laws and regulations. discovery 
listing 
valuing 
 
Standards of practice are necessary to ensure: Appraisal accuracy 
Work is finished on time 
Staff and resources are used wisely 
All of the above 
 
Ratio studies are often used for oversight purposes. However, they can also be used for internal 
________ _...
Monitoring activities (Quality assurance) 1. Reviews of progress and performance contribute 
to effective and efficient operations 
 
2. Procedures in place for monitoring the quality of assessment, editing data, reviewing 
appraisals, and reporting time and productivity 
Management from the past One of the first management theories was the classical theory of 
management. This ws promarily an authoritarian approach, with "top-down" decision making
What are the five recognized appraisal designations offered by the IAAO that represent the 
highest level of achievement in the field? CAE 
AAS 
CMS 
PPS 
RES 
 
Short of a general revaluation of all property, 
__________________________________________________________ and 
____________________________________________________ produce the single most 
impressive dollar return for time and money committed. systematic audit programs 
energetic personal property discovery efforts 
 
The theory t...
Tax Rate (def.) Percent of assessed value at which each property is taxed in a given district. 
 
Tax Rate (formula) Tax revenue (amount) / Assessed value 
 
Property Tax (formula) Subject assessed value / Tax rate 
 
Budget Revenue (formula) Total budget - Other taxes 
 
Effective Tax Rate (def.) Reflects the relationship between total property taxes on real 
property and the property's market value. 
 
Effective Tax Rate (formula) Assessment ratio (level) X Tax rate 
 
Jurisdictions tax rate...
The Economic Principle of Anticipation states that value is created by the expectation of 
benefits to be derived in the future. 
 
Chattel A mortgage on personal property. 
 
Balloon payment A payment on the balance due of a note at the end of the loan term that is 
in excess of the regular payment amounts. Usually found in a partially amoritized mortgage. 
 
Conventional mortgage A loan that is neither insured nor guaranteed by the federal 
government. 
 
Contract rent The actual rent paid ...
Scope of Work Rule 1. Identify the problem to be solved 
2. Determine and perform the scope of work necessary to develop credible assignment results 
 
3. Disclose the scope of work in the report 
Scope of work acceptability When it meets or exceeds: 
1. Expectations of parties who are regularly intended users for similar assignments and 2. What 
an Appraiser's peers actions would be in performing the same or similar assignments 
 
Economic Basis of Model Building Supply factors relate to ava...
Mass appraisal Systematic appraisal of groups of properties as of a given date using 
standardized procedures and statistical testing. 
 
Purpose of mass appraisal Equitable and efficient appraisal of all property in a jurisdiction 
for ad valorem tax purposes. 
 
When did first generation computers emerge? The 1950s 
 
Mass appraisal models may be: Physical, conceptual or mathematical.
PLANNING 
 
OF THE BASIC MANAGERIAL FUNCTIONS ___________REQUIRES 
THE IDENTIFICATION OF GOALS AND VARIOUS WAYS OF ACHIEVING THEM. IT 
ALSO PROVIDES THE BASIS FOR THE OTHER MANAGERIAL FUNCTIONS. 
THE ASSESSOR'S WEBSITE CAN BE USED TO 
 
-SHOW APPRAISAL INFO ON ALL 
PARCELS 
-PROVIDE A LAYPERSON EXPLANATION OF THE AD VALOREM TAX SYSTEM 
-PROVIDE INSTRUCTIONS FOR FILING AN APPEAL 
PUBLIC INSTITUTIONS 
PROFESSIONAL GROUPS 
CIVIC AND PROFESSIONAL ASSOCIATIONS 
 
CONSIDERED PART OF THE 
ASSES...