Licensed Residential Appraiser case studies
Licensed Residential Appraiser · Put your knowledge to work in context.
The Licensed Residential Appraiser credential is the entry-level state license for appraising one-to-four unit residential properties and non-complex residential assignments up to the applicable state transaction threshold. Candidates typically pursue it to perform lender work, estate and divorce valuations, and private assignments under supervision before advancing to certified residential or general status. The Licensed Residential Appraiser case studies are 5 cases and about 3,508 words.
1The Rate-Lock Appraisal: Independence, Effective Date, and a Desktop Scope
You are a licensed residential appraiser. An appraisal management company orders a purchase-money appraisal of a 1962 three-bedroom ranch on a 0.22-acre lot.
734 words, about 4 min2Estate Counsel Asks for Three Numbers: Market, Liquidation, and Rezoning
An attorney representing an estate asks you to appraise a 12-unit apartment building. The attorney writes: 'We need a market value for the estate tax return, a quick-sale number in case we have to liquidate within 30 days, and a number as if the property were already rezoned to allow 24 units, because we are negotiating with a developer.
658 words, about 3 min3Corner-Lot Duplex: Highest and Best Use with a Tree Ordinance and a Nonconforming Structure
You are appraising a 20,000-square-foot corner lot improved with a 1925 duplex. Zoning is R-3, which permits 12 units per acre; the duplex is a legal nonconforming use because the rear setback is 18 feet where 25 feet is now required.
733 words, about 4 min4Survey Surprises: Encroachments, an Easement, and Three Different Lot Areas
You are appraising a 0.41-acre parcel in an older subdivision for a refinance. The deed describes the property as Lot 14, Block 3, Maple Ridge, per plat recorded in 1968.
659 words, about 3 min5Dark Anchor, Rent Concessions, and a Buyer's Pro Forma
You are appraising a 24,000-square-foot neighborhood retail strip built in 2006. The grocery anchor, which occupies 9,600 square feet, vacated eight months ago.
724 words, about 4 min