Final Coaching Coach Jen

A developer acquires the exclusive right to occupy and operate an office suite for 10 years under a formal agreement. Which interest is being valued?

• Fee simple interest

• Leasehold interest

• Easement

• Life sestate

A utility company holds a perpetual right to install and maintain underground cables beneath a property. Which interest does this describe?

• Right to use interest

• Superior interest

• Subordinate interest

• Reversionary interest

A landowner grants someone the right to harvest timber for 20 years, after which, all rights revert to the owner. That future right in the owner's hands is called:

• Remainder interest

• Reversionary interest

• Fee simple interest

• Life estate

Which Guidance Note should a valuer consult when appraising large-scale valuations for local property taxation?

• Guidance Note on Mass Appraisal for Property Taxation

• Guidance Note on Agricultural Properties

• Guidance Note on Extractive Industries

• Guidance Note on Historic Properties

You're valuing an old church building. Which Guidance Note provides the most relevant procedural guidelines?

• Mass Appraisal for Property Taxation

• Guidance Note on Agricultural Properties

• Guidance Note on Historic Properties

• Guidance Note on Hazardous & Toxic Substances

A mining company requests valuation advice on its coal extraction license. Which Guidance Note applies?

• Guidance Note on Historic Properties

• Guidance Note on Extractive Industries

• Trade-Related Services

• Compulsory Acquistion

Which basis of value defines the most probable price in a transaction between a willing buyer and seller under normal market conditions?

• Investment Value

• Liquidation Value

• Market Value

• Synergistic Value

When valuing a portfolio for quick sale under duress with a short marketing period, which basis should the valuer use?

• Market Value

• Investment Value

• Liquidation Value

• Equitable Value

A client needs a value that reflects their specific financing requirements and investment criteria. Which basis is most appropriate?

• Market Rent

• Equitable Value

• Investment Value

• Synergistic Value

A pension fund wants an appraisal reflecting added value from combining multiple adjacent lots. Which basis applies?

• Equitable Value

• Synergistic Value

• Market Rent

• Liquidation Value