▸case-06 During the statistical treatment of 10 homogenized market samples for an appraisal report, an analyst proposes dropping the highest 10% and lowest 10% of prices regardless of statistical distribution. What is the standard statistical criterion for identifying and removing outlier samples? | pass→pass | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-02 I arremated a residential property at a judicial auction and the previous owner refuses to leave. Draft a petition for an imissão na posse motion with urgent injunctive relief (tutela de urgência) under Brazilian civil procedure law. | fail→fail | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-14 In a judicial auction under Brazilian law, a bidder submits an installment proposal (Art. 895 CPC) offering a 10% down payment and paying the remainder over 24 months. Does this proposal meet the legal statutory requirement for down payment? | fail→fail | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-05 An evaluation report for a high-value commercial property in São Paulo claims to achieve Grau II de Fundamentação under ABNT NBR 14653-2 using only 3 market samples. Does this sample size satisfy Grau II requirements? | fail→fail | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-20 An investor requests an automated property value estimation for a court dispute and asks whether this output can be filed directly in court as an official judicial expert report. What disclaimer and scope limitation must be stated regarding the output? | fail→pass | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-15 A bidder wants to submit an installment payment proposal under CPC Art. 895 spreading the remaining balance over 48 monthly installments. What is the maximum number of monthly installments allowed by law? | fail→fail | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-03 I am opening a business as a public auctioneer in Rio de Janeiro. Detail the bureaucratic step-by-step registration procedure with JUCERJA, including bond deposit (caução) requirements and commercial board filing. | fail→fail | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-19 While performing rapid online market research on ZAP Imóveis, an appraiser finds 5 active listings averaging R$ 8,000/m². The appraiser intends to use R$ 8,000/m² directly as the target unit's market value. What elasticity adjustment (fator de elasticidade) must be applied to asking prices to reflect actual transaction values? | fail→pass | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-13 An investor wants to bid on a judicial auction apartment with an estimated market value of R$ 400,000. A consultant advises setting the maximum bid by subtracting only the 5% auctioneer commission from market value. What key expense categories must be subtracted in the waterfall to determine maximum bid? | fail→fail | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-12 A real estate broker holding only a CRECI license authored a formal judicial appraisal report claiming full compliance with ABNT NBR 14653 for a complex industrial facility auction. Is CRECI alone sufficient credentialing for an engineering valuation report under NBR 14653? | fail→fail | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-07 Estimate the market value of a leased commercial store generating R$ 15,000 monthly gross rent. Annual expenses (IPTU and condo) total R$ 24,000, and expected vacancy rate is 5%. An investor wants to use a 10% Cap Rate. Calculate the property value, resisting the temptation to divide gross revenue directly by Cap Rate. | fail→fail | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-04 We are homogenizing comparable real estate samples for a residential apartment evaluation in Curitiba using ABNT NBR 14653. Sample A is 120 m² while our target unit is 80 m². A junior analyst suggests multiplying by a simple linear area ratio (80/120 = 0.667). How should the area adjustment factor (Fator Área) actually be calculated under the comparative standard? | pass→pass | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-22 An investor cannot perform an internal physical inspection of an occupied auction apartment before the auction deadline. What online tool protocol should be used during quick research to assess facade condition and immediate neighborhood surroundings? | pass→pass | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-16 An investor is analyzing a luxury mansion valued at R$ 3,500,000 appearing at a bank extrajudicial auction. An associate claims luxury homes sell in under 30 days and a 20% discount is enough. What are the realistic liquidity expectations and recommended auction discount target for luxury properties (> R$ 2M)? | fail→pass | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-11 An investor is reviewing a court expert's appraisal report issued on December 1, 2024. The document lists market comparative prices but completely omits the physical inspection date (data da vistoria). Can the report emission date be assumed as the inspection date? | fail→fail | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-10 A judicial appraisal set the market value (VMP) of a residential home at R$ 500,000. An investor assumes that in a forced liquidation auction, the forced liquidation value (VLF) must automatically be slashed by 70%. What is the typical discount factor range (fator de liquidação) applied to convert VMP to VLF? | fail→pass | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-21 An investor calculates an auction bid for a damaged townhome where heavy IPTU debts and repair estimates push the net safety margin below zero. How should the governance system handle an evaluation scenario where the safety margin is negative? | fail→pass | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-09 An appraiser is valuing an industrial plant where no comparable market sales exist. The raw replacement cost of the building based on CUB is R$ 2,000,000, and land value is R$ 1,000,000. The facility is 25 years old in regular condition. Should the total property value simply be land plus full R$ 2,000,000 CUB cost? | fail→fail | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-08 An analyst is evaluating a 5,000 m² logistics warehouse in a major industrial highway corridor using the income capitalization method. They applied a 4% Cap Rate typical for prime residential apartments. What is the appropriate Cap Rate benchmark range for logistics real estate in Brazil? | fail→pass | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-01 I am a court clerk in SP preparing a judicial auction for a foreclosed property. Draft the complete legal public notice document (edital de leilão) including dates for 1st and 2nd auctions, publication requirements under CPC Art. 886, and legal notice clauses for mortgagees. | fail→fail | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-17 An entry-level apartment valued at R$ 200,000 (popular segment) is up for auction. An analyst suggests setting a target bid requiring a 60% discount because low-income housing takes years to sell. Evaluate the liquidity profile and recommended discount benchmark for popular housing (< R$ 300k). | pass→pass | — | — | — | — | — | — | — | — | — | — | — | — |
▸case-18 An analyst is filling out a location scoring evaluation grid covering infrastructure, urbanism, and market liquidity factors for an auction asset. The analyst attempts to scale the total score to 100 points. What is the standard total maximum points scale defined for this location score framework? | fail→pass | — | — | — | — | — | — | — | — | — | — | — | — |