| 1.
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Identify the requirements to be licensed to appraise real property,
the regulation under FIRREA, appraisal foundation and Arizona Board of
Appraisal. (I)
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| 2.
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Explain the forms of ownership, how title is conveyed, and the legal
rights and interest in real estate affecting appraisals. (II)
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| 3.
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Describe the market characteristics of real property and methods of
financing. (III)
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| 4.
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List and describe the economic principles of value. (IV)
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| 5.
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Contrast the three approaches to values. (V)
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| 6.
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Identify the methods of legal description of land. (VI)
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| 7.
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Describe what objectives, conditions and data sources are necessary to
perform an appraisal. (VII)
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| 8.
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List the residential construction details that are considered in
estimating the value of a house. (VIII)
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| 9.
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Describe the steps in the comparison approach to value. (IX)
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| 10.
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Give examples of a comparison of sales analysis. (X)
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| 11.
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Describe how the site value and depreciated replacement/reproduction
cost are determined using the cost approach to value. (XI)
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| 12.
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The financial data used to determine the net operating income and the
capitalization formula for the income approach to value. (XII)
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| 13.
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Give examples of the reconciliation of the three approaches to value.
(XIII)
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| 14.
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Explain how estimates of value can be given for a partial interest.
(XIV)
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| 15.
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Identify and explain the three types of appraisal reports. (XV)
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