Certified General Appraiser Study guides, Class notes & Summaries

Certified General Appraiser Exam - Questions with Verified Answers Estimated income property values will decline as a result of a. Increased net cash flows b. Lower capitalization rates c. Lower vacancy rates d. Increased discount rates e. Higher standard of living Income capitalization is the term used to described the process of estimating the value of income property by studying expected future income. This process a. Converts the net operating income of a property into its equivalent capit...

hypothetical condition a condition, directly related to a specific assignment, which is contrary to what is KNOWN by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis. Extraordinary Assumption something that is BELIEVED to be True for the sake of the Appraisal... but may or may not be True as of the Effective Date of the Appraisal. Appraisal the act or process of developing an opinion of value Marketing Period ...