Practice Quiz

Florida Real Estate Exam

Category - Florida

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A “real estate appraisal” is an estimate of value:

  1. Based upon replacement costs
  2. Based upon analysis of fact as of a specific date
  3. Derived from income data covering at least the preceding six months
  4. Derived from average tax assessments covering the past five years
Explanation
Answer B - The appraiser bases her appraisal on facts obtained from her survey and the result is her estimate as of a specific date. She cannot be expected to foresee what will happen tomorrow or in the future with regard to the value.

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