Date of Value Premise in Real Estate Appraisal

Instructions:

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question 1 of 3

All of these are possible dates that can be used for a real estate appraisal EXCEPT:

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1. An appraisal that needs to be valued as of the date of death of a decedent would need to have this date of value on it:

2. A homeowner who is getting a loan through a lender and needs an appraisal on their new construction and their house is not quite finished will need this date on their appraisal:

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About This Quiz & Worksheet

Available 24/7 online, test yourself using this quiz and worksheet now. The questions cover date usage and different types of appraisal.

Quiz & Worksheet Goals

You'll cover these topics with the quiz:

  • Inappropriate reason to use a retroactive date on a proposal
  • Type of appraisal to be used during a divorce proceeding
  • Type of value to apply when using a date of death
  • Correct date selection for unfinished new construction
  • Types of dates for real estate appraisal

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on date of value premise
  • Knowledge application - use your knowledge to answer a question about an appraisal during a divorce proceeding
  • Information recall - access the knowledge you've gained regarding the various dates for real estate appraisals

Additional Learning

Take a look at the accompanying lesson titled Date of Value Premise in Real Estate Appraisal to learn more about this topic. The lesson covers these areas:

  • Historical appraisals
  • Current market value appraisal
  • When the different date types are used in appraisals
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