Practice Quiz

Real Estate Agent / Broker / Salesperson Exam Prep

Category - Real Estate

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An assessment does which of the following?
  1. Places a value on property for the purpose of real estate sales
  2. Is the same as a competitive market analysis
  3. Places a value on property for the purpose of taxation
  4. Is usually carried out by the mayor of a town
Explanation
Answer: C. An assessment places a value on property for the purpose of taxation.
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