ARC RA case studies
ARC RA · Put your knowledge to work in context.
The ARC Residential Appraiser (RA) credential is a state-issued certification that lets an appraiser perform non-complex one-to-four unit residential assignments independently and supervise trainees in many jurisdictions. It is the mid-tier residential credential between the trainee and certified general levels, and it is typically pursued by practicing appraisers who have completed their trainee hours and qualifying education and now want to sign reports without a supervisory co-signature. Candidates should confirm their own state's prerequisites, since qualification hours and education requirements are set at the state level even where the exam content follows a national outline. The exam is multiple choice and samples the full residential body of knowledge: USPAP and professional standards, valuation principles and procedures, market analysis and highest and best use, the sales comparison, cost, and income approaches, site valuation and property description, and reconciliation and report writing. The ARC RA case studies are 5 cases and about 2,899 words.
1Competency and Client Pressure on a Mixed-Use 'Duplex'
You are a certified residential appraiser. A credit union orders an appraisal for a home-equity line on a property described in the order as a 'duplex' using the 1025 form.
608 words, about 3 min2Retrospective Estate Date With a Post-Date Contract
You are engaged to appraise a 1965 three-bedroom ranch for estate tax purposes. The effective date is January 15, six months ago.
571 words, about 3 min3Corner-Lot Highest and Best Use in a Townhome Transition
The subject is a 1950s 1,200-square-foot single-family house on a 7,500-square-foot corner lot. Zoning is R-3, which permits single-family and townhomes at a maximum density of 12 units per acre; the house is a legal conforming use.
456 words, about 2 min4Selecting and Adjusting Comparable Sales With a Concession and an REO
The subject is a 1,650-square-foot, three-bedroom/two-bath ranch built in 1998 with a two-car garage, 6,000-square-foot lot, average condition, and no pool. The overall market has been stable, but the subject's entry-level segment has increased about 3% per year.
641 words, about 3 min5Market Rents, Below-Market Leases, and a Broker's GRM
The subject is a four-unit apartment building: two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. Current rents are 850, 850, 700, and 700 per month.
623 words, about 3 min