Barney fletcher exam Study guides, Class notes & Summaries

Georgia Real Estate - Barney Fletcher Exam

An appraiser recommended tearing down a $28,000 house. There was a shopping center across the street. Which of the following appraisal principles BEST describes this situation? A. deterioration B. highest and best use C. capitalization D. substitution correct answer: B. highest and best use What could guarantee no encroachments and good title? A. assumption package B. title insurance policy C. survey D. termite inspection correct answer: B. title insurance policy Which of the...

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Georgia Real Estate Barney Fletcher Exam with 100% Correct Answers 2023

which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? A. substitution B. conformity C. highest and best use D. competition B. conformity If you took projected future costs from projected future income, you would arrive at: A. capitalization rate B. projected net income C. projected debt service D. projected debt coverage B. projected net income A deed would be presumed to have been del...

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Barney Fletcher Exam Questions with 100% Correct Answers 2024.

An appraiser recommended tearing down a $28,000 house. There was a shopping center across the street. Which of the following appraisal principles BEST describes this situation? A. deterioration B. highest and best use C. capitalization D. substitution - B. highest and best use What could guarantee no encroachments and good title? A. assumption package B. title insurance policy C. survey D. termite inspection - B. title insurance policy Which of the following statements is true of a pr...

Barney Fletcher Exam Questions and Answers