TeeGrades

Valuation Process - Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value Appraisal Process - 1. Define Problem 2. Determine scope of work 3. Gather Record & verify dat 4. determine highest and best use 5. estimate land value 6. est. value by all three approaches 7. Reconcile est. value into final opinion value 8. report the final opinion defining problem - Identification and location of the real estate Identi...

People tend to purchase homes in areas with amenities and facilities, and where they feel insulated from adverse property conditions. This is an example of the principle of: Conformity Substitution Change Competition - Conformity Which of these can increase conformity in a neighborhood? Covenants, Conditions and Restrictions zoning ordinances ordinances specifying minimum site sizes and setbacks all of these - all of these With regard to the four agents of production, whi...

Agents of Production - The factors that combine to create value of developed real property; they include land, labor, capital, and entrepreneurial coordination; which is sometimes also called entrepreneurial profit. Central Business District (CBD) - The center of an urban area is typically zoned for various uses such as retail, office, and residential. Further, in some areas, transportation starts & ends in the CBD since it is the central location for employment. Consumption - A c...

An analysis of the market conditions of supply, demand, and pricing for a specific property type in a specific area. (General) Market Study The study of how a specific property is expected to perform in a specific market. It expands on a market analysis by addressing a specific property. (Specific) Marketability Analysis The study of the supply and demand in a specific area for a specific type of property. Market Analysis The process by which submarkets within a larger market a...

The appraiser must perform the necessary market analysis to obtain enough information to ___________________________. Complete the Sales Comparison Approach Fill out the URAR Make the highest and best use determination for the subject property. Educate the client Make the highest and best use determination for the subject property. A property with restaurants and retail shops on the lower level and apartments on levels above is called a(n) ___________ property. Alternate-u...

A property owner constructs a six-car garage at a cost of $80,000. It only adds $40,000 in value to the property. What economic principle does this best demonstrate? - Contribution What are the four agents of production? - land, labor, capital, coordination The principle of contribution is most closely associated with: - the Sales Comparison Approach (The contributory value of a given amenity is the public's perception of its actual contribution to value when considering the over...

The power of a given commodity to satisfy a need or want is called __________________. - Utility The development of a vacant land area is _____________ the highest and best use of the land. - Not Always The Consistent-Use Theory says the _______________ must all be valued considering the same highest and best use of the property - Land and the Buildings ________________ involves subdividing the larger market into a workable study area. - Market Identification The ________...

Decontamination Area Where soiled items are received and cleaned. *All levels for the same tray should be labeled w/a tag to identify the level number and set to which it belongs. Preparation and Packaging Area where cleaned items are inspected, assembled, and packaged. Sterilization Area where terminal sterilization is performed. Sterile Storage Area where sterile items are stored until needed. Sterile Stores where items for patient care from outside manufacturers are s...

which of the following is an example of surgical asepsis? - Sterilization of instruments. whenever there are major changes made to packaging, such as switching the type of packaging material or containers used, what should always be done? - Product testing should always be performed. The method for testing different types of detergents to find out if one performs better or more effectively than another is? - Validation Testing Acceptable packaging materials must be specifically...

Ethylene Oxide gas kills microorganisms by a process called - Alkylation What is the process where a chromium oxide layer is placed on a surgical instrument - Passivation What are the dark black Craters on a stainless steel instrument called - Pitting What is the enzyme that breaks down fatty deposits like bone marrow and adipose tissue? - Lipase What lubricant is recommended for use on surgical instruments? - Water-based What can be used to remove severe stains on ...