Appraiser Practice Test 7

10 free Appraiser practice questions in the real exam format, covering the official content areas, with an explanation for every answer.

Appraiser Practice Test 7Tutor mode

Question 1 of 10

Cost Approach

The subject lacks central air conditioning, which the market expects. The cost-new estimate is for the house as built, without it. Installing central air now would cost $16,500; it would have cost $10,000 if installed during construction. Market data show adding central air would raise value by $18,000. What curable functional obsolescence should be charged?