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Across
  1. 3. A broker's price _____ (BPO) is a less-expensive alternative for evaluating property that is often used by lenders working with home equity lines, refinancing, portfolio management, loss mitigation, and collections.
  2. 6. To have value in the real estate market - that is, monetary worth based on desirability - a property must have the following characteristics, which can be remembered as DUST: Demand, Utility, _____,Transferability.
  3. 7. In conducting an appraisal, an appraiser must follow the _______ Standards of Professional Appraisal Practice (USPAP) established by the Appraisal Standards Board (ASB) of the Appraisal Foundation.
  4. 8. The principle of ______ means that maximum value is created when a property is in harmony with its surroundings.
  5. 9. Under the principle of _______, the value of any part of a property is measured by its effect on the value of the whole parcel.
  6. 10. The interaction of supply and demand creates _______.
Down
  1. 1. An ______ is an opinion of value based on supportable evidence and approved methods.
  2. 2. An ______ is an independent professional trained to provide an unbiased opinion of value in an impartial and objective manner, following an identified appraisal process.
  3. 4. According to the principle of _____, value is created by the expectation that certain events will occur.
  4. 5. ______ price is a property's sales price.
  5. 8. No physical or economic condition remains constant; this is the principle of _____.