14. Michael was recently called by the county appraiser's office to provide support in an ad valorem appraisal assignment. The county has recently approved a new office complex in which the developer has asked for tax increment financing from the county. In this assignment Michael is asked to evaluate for tax purposes the value of the new office complex, so that the county can project tax revenues that will come from the complex in order to value the bond they will use for providing tax increment financing to the developer. Is this a mass appraisal assignment? a. Yes, this is a large complex that will impact the area b. Yes, the tax revenue stream will continue for years into the future c. Yes, this assignment has come from the county d. No, this is a single complex that is being evaluated 15. All appraisal assignments are valuation services, but not all valuation services are appraisal assignments. a. True b. False 16. In developing the appraisal, an appraiser should gather data only reflected in the appraisal report? a True b. False 17. The last step in the development of an appraisal is the a. Effective Date b. Intended Use c. Reconciliation d. Report 18. If you have already completed the development of an appraisal and you are writing the report for the assignment and you hear information, then you should a. Continue your course of action and complete the report b. Start over from scratch c. Change the scope of the assignment d. It depends on what the information changes in the assignment 19. John is working on an appraisal review of a mass property appraisal. In alignment with the development of this review John follow a. Standard 3 b. Standard 4 c. Standard 5 d. Standard 6 20. Lisa is developing an appraisal of a single family home. In the neighborhood where this home is found she has found 5 recently sold properties. One of these properties is a foreclosure. Lisa should: a. Completely remove the property as it is not a comparable b. Keep the property in her comparables, but not use it in her analysis c. Keep the property in her comparables and make no adjustment d. Keep the property in her comparables and develop a cash equivalent value 14. Michael was recently called by the county appraiser's office to provide support in an ad valorem appraisal assignment. The county has recently approved a new office complex in which the developer has asked for tax increment financing from the county. In this assignment Michael is asked to evaluate for tax purposes the value of the new office complex, so that the county can project tax revenues that will come from the complex in order to value the bond they will use for providing tax increment financing to the developer. Is this a mass appraisal assignment? a. Yes, this is a large complex that will impact the area b. Yes, the tax revenue stream will continue for years into the future c. Yes, this assignment has come from the county d. No, this is a single complex that is being evaluated 15. All appraisal assignments are valuation services, but not all valuation services are appraisal assignments. a. True b. False 16. In developing the appraisal, an appraiser should gather data only reflected in the appraisal report? a True b. False 17. The last step in the development of an appraisal is the a. Effective Date b. Intended Use c. Reconciliation d. Report 18. If you have already completed the development of an appraisal and you are writing the report for the assignment and you hear information, then you should a. Continue your course of action and complete the report b. Start over from scratch c. Change the scope of the assignment d. It depends on what the information changes in the assignment 19. John is working on an appraisal review of a mass property appraisal. In alignment with the development of this review John follow a. Standard 3 b. Standard 4 c. Standard 5 d. Standard 6 20. Lisa is developing an appraisal of a single family home. In the neighborhood where this home is found she has found 5 recently sold properties. One of these properties is a foreclosure. Lisa should: a. Completely remove the property as it is not a comparable b. Keep the property in her comparables, but not use it in her analysis c. Keep the property in her comparables and make no adjustment d. Keep the property in her comparables and develop a cash equivalent value
