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Research Methods & Evidence-Based Practice Flashcards

7 cards from real ARA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Research Methods & Evidence-Based Practice flashcards as text
  1. What is the purpose of a 'chain of title' search in rural property research?

    Answer: To trace ownership history and identify encumbrances affecting value

    A chain of title search traces all recorded ownership transfers and encumbrances (easements, liens, restrictions) that may affect the property's marketability and value.

  2. In regression analysis applied to rural land valuation, the 'coefficient of determination' (R²) indicates:

    Answer: How well the independent variables explain variation in sale prices

    R² measures the proportion of variance in sale prices that is explained by the independent variables in the regression model, indicating the model's overall explanatory power.

  3. When researching agricultural productivity data for a farmland appraisal, which federal agency's published soil survey data is most commonly referenced?

    Answer: USDA Natural Resources Conservation Service (NRCS)

    The USDA NRCS publishes Web Soil Survey (WSS) data, which is the standard source for soil classifications, productivity ratings, and capability classes used in farmland appraisals.

  4. A rural appraiser discovers a sale was between related parties (family members). According to USPAP and evidence-based practice, this sale should be:

    Answer: Investigated further to determine if it reflects market value before use

    Sales between related parties require investigation to determine whether they were negotiated at arm's length before being used as market evidence, not automatic exclusion.

  5. The concept of 'market area delineation' in rural appraisal research refers to:

    Answer: Defining the geographic and economic boundaries within which comparable properties compete

    Market area delineation defines the competitive geographic and economic boundaries where buyers and sellers interact for the specific property type being appraised.

  6. Which of the following best describes 'external obsolescence' as it relates to evidence-based rural appraisal research?

    Answer: Value loss from factors outside the property boundaries, such as proximity to a feedlot

    External obsolescence is value loss caused by factors originating outside the property, such as nearby nuisances, adverse zoning, or economic conditions, and is typically incurable.

  7. When using the income capitalization approach for a dryland farm, the most critical research task is:

    Answer: Determining market rent from comparable farm leases

    Market rent derived from comparable farm leases is the critical income figure that drives the income capitalization approach for agricultural land valuation.