Real Estate Appraiser Exam Secrets Study Guide: Real Estate Appraiser Test Review for the Real Estate Appraiser Exam (Mometrix Secrets Study Guides)

Get the test prep help you need to become a licensed real estate appraiser.

The Real Estate Appraiser Exam is extremely challenging and thorough test preparation is essential for success. Real Estate Appraiser Exam Secrets Study Guide is the ideal prep solution for anyone who wants to pass the Real Estate Appraiser Exam.

Real Estate Appraiser Exam Secrets Study Guide includes:

• A thorough review of the Real Estate Appraiser Exam
• A guide to influences on real estate
• An examination of economic principles
• An in-depth look at real estate markets and analysis
• An analysis of valuation process
• A breakdown of the highest and best use analysis
• An extensive review of appraisal statistical concepts
• A guide to sales comparison approach
• An analysis of income approach
• An examination of valuation of partial interests
• An in-depth look at appraisal standards and ethics

It's filled with the critical information you'll need in order to do well on the test: the concepts, procedures, principles, and vocabulary that the state licensing boards expects you to have mastered before sitting for the exam.

The Influences on Real Estate section covers:

• Influence of federal and local governments
• Problem areas and health risks

The Economic Principles section covers:

• Principle of anticipation
• Principle of change

The Real Estate Markets and Analysis section covers:

• Fee-for-services
• Internet affects on communication
• Sources of capitol
• Construction loans

The Valuation Process section covers:

• Definitions
• Appraisals problem
• Subdivision development

The Highest and Best use Analysis section covers:

• Physically possible
• "Highest and best use"

The Appraisal Statistical Concepts section covers:

• Important terms
• Determining monthly principle and interest rates
• Values for income producing properties

The Sales Comparison Approach section covers:

• Effects of location, conditions of sale, date of sale, and non-reality
• Types of co-ownership

The Income Approach section covers:

• Steps of the income approach
• Gross rent and gross income multipliers
• Reversion

The Valuation of Partial Interests section covers:

• Timesharing and timeshare estate
• Uniform condominium act

The Appraisal Standards and Ethics section covers:

• Regulation Z
• American with disabilities act (ADA)
• Fair housing act

These sections are full of specific and detailed information that will be key to passing the Real Estate Appraiser Exam. Concepts and principles aren't simply named or described in passing, but are explained in detail. The guide is laid out in a logical and organized fashion so that one section naturally flows from the one preceding it. Because it's written with an eye for both technical accuracy and accessibility, you will not have to worry about getting lost in dense academic language.