Certified Relocation Professional (CRP) Practice Exam

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Enhance your relocation knowledge and skills with the CRP Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What is the gross living area to report in the ERC Appraisal report for a house with specified square footages?

2,500 sq. feet
3,000 sq. feet
3,500 sq. feet
1,500 sq. feet

The correct answer is: 2,500 sq. feet

In the context of the ERC Appraisal report, the gross living area (GLA) typically refers to the total area of a residential property that is livable. This is usually measured in square feet and includes all finished and habitable spaces within the home but excludes areas like garages or unfinished basements. The correct answer, in this case, indicates a specific square footage that aligns with the defined criteria for calculating GLA based on standard appraisal practices. If 2,500 sq. feet is utilized in this scenario, it likely corresponds to the sum total of the lived-in portions of the house as defined by the appraisal guidelines, providing a clear metric for comparability with other properties and ensuring consistency in reporting. Understanding accurately how GLA is calculated is essential for proper appraisal and valuation, as it influences market analysis and informs both buyers and sellers about the property's value in the real estate market.