CFE Cheat Sheet 2026

The 30 highest-yield CFE facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. Which type of depreciation is caused by outdated design features? → Functional obsolescence
2. A property owner in Florida believes their agricultural classification was wrongly denied. What is the correct first step to challenge this decision? → File a petition with the Value Adjustment Board (VAB)
3. Which of the following is a key factor in the cost approach? → Depreciation and replacement cost
4. What is the MOST important consideration when implementing technology & tools solutions in Certified Florida Evaluator? → Alignment with organizational needs and scalability requirements
5. What is the primary purpose of Florida’s property tax system? → To fund government services.
6. What is the primary purpose of Florida's 'greenbelt law' in relation to property tax assessment? → To preserve agricultural lands by taxing them at use value rather than market value
7. Which Florida statute governs property tax assessment procedures? → Chapter 193
8. What does the principle of substitution state? → A property's value is limited by the cost of acquiring a substitute.
9. What is the PRIMARY benefit of standardizing technology & tools practices in Certified Florida Evaluator? → Consistency, easier maintenance, and improved collaboration among team members
10. Which of the following best describes the term 'just value' as used in Florida property assessment? → The fair market value of the property as of January 1 of the assessment year
11. Who is responsible for preparing the assessment roll in each county? → Property appraiser
12. The Coefficient of Dispersion (COD) in a ratio study measures: → The average absolute deviation from the median ratio
13. Which factor BEST indicates mastery of core principles & fundamentals in Certified Florida Evaluator? → The ability to adapt knowledge and skills to varying contexts while maintaining standards
14. Which appraisal term describes a transaction between a knowledgeable buyer and seller with no undue pressure, used as the basis for just value in Florida? → Arm's-length transaction
15. Which Florida agency approves the assessment roll? → Department of Revenue
16. When facing an unfamiliar challenge in core principles & fundamentals within Certified Florida Evaluator, what is the BEST approach? → Research established best practices, consult colleagues, and document the approach
17. Which of the following is an outcome of a well-conducted program evaluation? → Improved program design and decision-making
18. Which characteristic BEST describes a successful quality assurance & improvement culture in Certified Florida Evaluator? → Continuous learning where all team members actively seek improvement
19. Which type of regression model assumes that the relationship between property characteristics and value is multiplicative rather than additive? → Nonlinear or log-linear model
20. In Certified Florida Evaluator, how should sensitive documentation & reporting be protected? → Through role-based access controls, encryption, and compliance with privacy regulations
21. What is the primary purpose of program evaluation? → To assess the program’s impact on its intended goals
22. Which documentation & reporting practice is MOST critical for maintaining data integrity in Certified Florida Evaluator? → Standardized input procedures with validation checks and regular audits
23. The 'Price-Related Bias' (PRB) statistic is used to: → Quantify vertical inequity as a percentage of value
24. In Certified Florida Evaluator, how should assessment & evaluation results be communicated to stakeholders? → Through clear, structured reports with actionable recommendations
25. Which agency oversees property tax administration at the state level in Florida? → Department of Revenue
26. What is the significance of a program’s evaluation report? → It is a formal document for decision-making and accountability
27. What happens after the assessment roll is submitted? → The Department of Revenue reviews it
28. When a Florida property appraiser uses the gross rent multiplier (GRM) technique, what two data points are required? → Monthly or annual gross rent and comparable sale price
29. What is 'functional obsolescence' in property valuation? → Value loss resulting from deficiencies or superadequacies within the property itself
30. Which Florida statute provides for an additional homestead exemption of up to $50,000 for low-income seniors? → F.S. 196.075