Plant Appraisal

Question 1

Correctness or absence of error or bias

Answer 1

Accuracy

Question 2

Act or process of developing an opinion of value, cost, or some other specified assignment results

Answer 2

Appraisal

Question 3

Systematic steps that an appraiser takes to solve an appraisal problem

Answer 3

Appraisal process

Question 4

Assignment result that identifies the type of cost or value it represents

Answer 4

Assignment result

Question 5

Attributes that benefit, or provide utility too, someone or some thing

Answer 5

Benefits

Question 6

Percentage rate derived by dividing a property is not operating income tired sales price; arete divided into the subject property is net operating income for purposes of estimating at market value

Answer 6

Capitalization rate

Question 7

Damage, distraction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual

Answer 7

Casualty loss

Question 8

Instrument used for measuring the height of a tree or other structure

Answer 8

Clinometer

Question 9

Implant appraisal the amount awarded by a court to settle a legal claim

Answer 9

Compensation

Question 10

Amount by which the addition of an item increases the value of the whole, or the amount by which the value of the whole decreases in the absence of that item

Answer 10

Contributory value

Question 11

Amount of money required to create, produce, or obtain a property or service

Answer 11

Cost

Question 12

Cost approach technique in which the cost of a smaller plant is extrapolated to a larger Plant based on the cost or money and time to achieve parity; also known as cost forwarding

Answer 12

Cost compounding technique (CCT)

Question 13

Cost to replace an item With an exact replica, less depreciation

Answer 13

Depreciated reproduction cost

Question 14

Loss in value from any cause; typically caused by either physical deterioration, functional limitations, or external factors

Answer 14

Depreciation

Question 15

Extent to which the fair market value of the property has declined as a direct result of a casualty event

Answer 15

Diminution in market value

Question 16

Income-based valuation in which the appraiser develops a stabilized net operating income for an asset and an appropriate capitalization rate; the estimated value equals net operating income divided by the capitalization rate

Answer 16

Direct capitalization

Question 17

And income-based valuation in which the appraiser uses an evaluation of the actual our estimated periodic net income produced by the revenues and expenses in the operation and ultimate resale of an income producing property

Answer 17

Discounted cash flow analysis

Question 18

Legal nonpossessory interest and real property that conveys use or partial use, but not ownership, of all, or more typically a portion, of an owners property

Answer 18

Easement

Question 19

Benefits people obtain from ecosystems such as trees providing shade, carbon sequestration, and improved air and water quality

Answer 19

Ecosystem services

Question 20

Value the ecosystem services produced by plants and other natural resources such as habitat, clean air, water, and wildlife contribute to society typically a non-market value

Answer 20

Ecosystem value

Question 21

Formulaic method of inferring from the total or unit cost of a small tree with the theoretic installed cost or value of a larger tree might be

Answer 21

Extrapolation

Question 22

Factors associated with the property of the tree itself that limits future plant development

Answer 22

Functional limitations

Question 23

Cost of substitute items that provides a cover into the benefits or function mother than the cost to produce an exact replica.

Answer 23

Functional replacement cost

Question 24

Facts or data that are understood or assumed to be true, such as a homeowner telling an appraiser the location of the property boundaries

Answer 24

General assumptions

Question 25

A tree specimen considered significant because of its size, form, shape, beauty, age, color, rarity, genetic constitution, historic origin, or some other distinctive feature

Answer 25

Heritage tree

Question 26

Reasonably probable and we all use of a property that is physically possible and financially feasible and results in the highest value; the corner stone of market values estimation

Answer 26

Highest and best use (HBU)

Question 27

Conditions stipulated by the appraiser that is contrary to what is known to be true (E. G., The condition of the damage plant before the damage occurred, new zoning)

Answer 27

Hypothetical condition

Question 28

Constraints imposed upon appraisals; often associated with items such as the scope of work, the availability of data, access, and use of the report

Answer 28

Limiting conditions

Question 29

Most probable price, as a specified date, and cash, or in real terms equivalent cash, or another precisely revealed terms, for which the specified property rights should sell after reasonable exposure and a competitive market under all conditions requisite to a fair sale, and the buyer and seller each acting perfectly, knowledgeable, and for self interest, and assuming that neither is under undue duress

Answer 29

Market value

Question 30

Explicit form of depreciation in which the value of an object is reduced dropping by at the cost to repair that item

Answer 30

Monetary reduction

Question 31

Process for estimating the value of resources that are not coming to the bar and sold in the marketplace

Answer 31

Non-market valuation

Question 32

General term for any value that is not based on the concept of exchange are rooted in actual transactions between buyers and sellers, or cannot be obtained from the market price

Answer 32

non-market value

Question 33

State of being equivalent in size or quality, or producing equivalent benefits

Answer 33

Parity parity

Question 34

Situation which is damaged plant or landscape item cannot be fully restored to its pre-damage condition but is otherwise expected to reduce future benefits

Answer 34

Partial loss

Question 35

Tangible property that is not permanently affixed to the real estate, such as nursery stock prior to planting, lumber, equipment, furniture, and money; also refers to intangible property

Answer 35

Personal property

Question 36

Mas in value caused by where in tear or other physical deterioration; may be curable or incurable

Answer 36

Physical deterioration

Question 37

Act or process of formulating an opinion I would find value in order to find cost; may apply to plants landscape elements, or services

Answer 37

Plant appraisal

Question 38

Information collected for the plants on the site

Answer 38

Plant inventory

Question 39

Measure of exactness; have fun or a precise a quantity, measurement, or estimate is; a number can be precise without being accurate (e.g, I am incorrect or misleading number carried out to six significant digits, or a family measured sample of representative data)

Answer 39

Precision

Question 40

Principle asserting that value was created by the expectation of future benefits quiet

Answer 40

Principle of anticipation