Extraction Method of Land & Site Valuation

Instructions:

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

question 1 of 3

The extraction method is used _____.

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1. 'Land' as used as a term in real estate appraisal, means _____.

2. The steps for completing an extracted valuation include _____.

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About This Quiz & Worksheet

This quiz and worksheet assess your knowledge of determining the value of a land using the extraction method. You'll review your understanding of what this method entails as well as the entities that may use real estate valuation.

Quiz & Worksheet Goals

This quiz and worksheet focus on what you know about:

  • The purpose of using the extraction method
  • What 'land' refers to in real estate appraisals
  • The steps involved in completing an extracting valuation
  • The entities that use real estate valuation
  • What 'extraction' means in terms of the extraction method

Skills Practiced

  • Information recall - see if you can remember the purpose of using the extraction method
  • Knowledge application - use what you know to answer a question about the steps involved in the extraction method
  • Interpreting information - verify that you read and were able to correctly interpret what the word extraction refers to in 'extraction method'

Additional Learning

You can take a deeper look at this topic in the provided lesson, Extraction Method of Land & Site Valuation. This lesson covers more information about:

  • Why real estate valuation is critical to real estate sales
  • What the word 'site' means
  • When the extraction method is unnecessary
  • The correct order of the steps used in the extraction method
  • Common deductions applied in the extraction method
  • An example of the extraction method to follow
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