Valuation Models: AVM & Mass Appraisals

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What does AVM stand for?

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1. What are mass appraisals generally used for?

2. What is the first step in conducting a mass appraisal using the AVM method?

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About This Quiz & Worksheet

Available online and printable, these questions will see what you know about these methods appraisers use. Testing you on a definition, usage, appraisal steps and more, this quiz and worksheet will give you immediate feedback.

Quiz & Worksheet Goals

You'll cover these topics in this quiz:

  • The first step in a mass appraisal with the AVM method
  • How appraisers assigned value to property aspects before computers
  • Comparing mass appraisals to traditional resident appraisals
  • The definition of AVM
  • Usage of mass appraisals

Skills Practiced

The quiz will practice these skills:

  • Distinguishing differences - compare and contrast topics from the lesson, such as mass appraisals and traditional resident appraisals
  • Making connections - use understanding of the AVM method and how it impacts mass appraisals
  • Defining key concepts - ensure that you can accurately define main phrases, such as AVM

Additional Learning

Review our lesson, Valuation Models: AVM & Mass Appraisals, that accompanies this quiz to learn more. The lesson will cover:

  • Benefits and uses of a mass appraisal
  • Valuation models
  • Detailed steps in an AVM
  • The meaning of CAMA
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