David Saks: January 2014

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 2527

#2527

As a general rule, the appraiser will not use a sale as a com parable in his analysis unless the sale was considered to be an arm's length transaction.

Is this fact true or false ?

Please take your time. The solution posted below the wildlife photo.

wildlife

A. True

Appraiser's don't include sales that aren't arm's length transactions, sales carried out under normal conditions carried out by an informed buyer and seller acting without pressure.

Location, the date of the sale and the type of financing might see their way into the process.

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Comment balloon 0 commentsDavid Saks • January 13 2014 12:58AM
Real Estate Practice : Lesson 2527
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#2527 As a general rule, the appraiser will not use a sale as a com parable in his analysis unless the sale was considered to be an arm's length transaction Is this fact true or false Please take your time. The solution posted… more
Real Estate Practice : Lesson 2526
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#2526 When an appraiser is considering the value of a residential property the most valid and important method of appraisal that the appraiser will use is called the replacement cost method of appraisal Is this true or false … more
Real Estate Practice : Lesson 2525
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#2525 A low risk loan is one that doesn't have to have a downpayment rather than a low loan-to-value ratio. Is this fact true or false Please take your time. the solution is posted below the wildlife photo. A. False.. more
Real Estate Practice : Lesson 2524
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#2524 Bob decided to build a building with a flat roof 130 feet long, 30 feet wide and 24 feet high. Don offers to build it for 89 dollars a square foot. Sonny says that he'll build it for $4. 50 per cubic foot. How much will… more
Real Estate Practice : Lesson 2523
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#2523 A homeowner has without warning, and without knowing, constructed a fence in his backyard about 7 inches over the property line of his neighbor. This would be considered an encroachment. Is this fact true or false … more
Real Estate Practice : Lesson 2522
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#2522 A lender charged a borrower 6% for the loan plus 6 discount points The yield to the lender for the loan is 6. 25%. Is this fact true or false Take your time. The solution is posted below the wildlife photo. &… more
Real Estate Practice : Lesson 2521
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#2521 A broker's obligation to a customer includes the duties of full disclosure and obedience Is this fact true or false Please take your time. The solution is posted below the wildlife photo. A. False The… more
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Torrington Resident Admits Role in Real Estate Fraud Schemes, Obstructing Justice U. S. Attorney’s Office January 09, 2014 District of Connecticut (203) 821-3700 … more