Test Drive
The Appraisal Profession
Important Terms
• appraisal
• appraiser
• FIRREA
• value
Web Resources
• The Appraisal Foundation
• American Society of Appraisers
• National Association of Independent Fee Appraisals
• National Association of Real Estate Appraisals
• Office of Thrift Supervision
Lesson Two
Real Estate And Its Appraisal
Important Terms
• bundle of rights
• deed
• easement
• encroachment
• fee simple estate
• fixtures
• freehold estate
• joint tenancy
• legal description
• life estate
• personal property
• recording
• severalty
• tenancy in common
Web Resources
No websites for Lesson Two
Lesson Three
The Real Estate Marketplace
Important Terms
• anticipation
• competition
• contribution
• deed of trust
• demand
• highest and best use
• hypothecate
• mortgage
• points
• promissory note
• substitution
• supply
• value
Web Resources
No websites for Lesson Three