Q. In applying the cost approach to an impaired property valuation, the costs to consider involve which of the three potential stages? (1) Appraisal, repair, and completion (2) Discovery, appraisal, and repair (3) Damage, repair, and valuation (4) Assessment, repair, and ongoing In Bell's detrimental condition model, the estimated value of the subject as if unimpaired is known as which of the following? (1) PointA (2) Point B (3) Point C (4) Point D A property in an unimpaired state has a market value of $740,000. Assessment costs are $8,000. Repair stage costs are $54,000. Ongoing costs are $3,400. Market resistance (part of the ongoing stage) is $12,000 (market evidence is analyzed to estimate this gure). The property owner is not responsible for $35,000 of the costs. What is the impaired value of the property using the impaired cost approach? (1) $527,500 (2:- $552,500 (3) $507,500 (4) $574,500 13. In completing a salefresale analysis. an appraiser is analyzing the sale of a comparable impaired property at 802 Meadow Lane. The property sold in June 202% for $530,000, then became impaired on January 6. 20X5. 1t re-sold in October 2035 for $405,000. Between June 20X4 and October 20115, property prices in the area generally decreased by 2.5% due to market factors. What is the percentage change due to impairment for the Meadow Lane property? (1) 23.6% (2) 41.1% (3) 26.1% (4) 25.6% 16. If the impaired market value of a contaminated property as at July 1 was estimated at $900,000 and the "before" market value estimate is $2,000,000, what is the damage estimate? (1) $2,900,000 (2) $100,000 (3) $1,000,000 (4) Unable to determine; insufficient information provided