Chapter 2

Question 1

The single most important tool in the appraisal business personal property is

Answer 1

A well designed listing form or return

Question 2

The six steps in appraisal process

Answer 2

Defined the problem
preliminary survey and planning
data collection
application of data
correlation /reconciliation
final value estimate

Question 3

Highest and best use analysis should consider

Answer 3

Legal, physical, financial constraints

Question 4

Three kinds of data to be analyzed in the data collection and analysis phase of the appraisal process include

Answer 4

General, specific and comparative