In the market approach of appraisal, the appraiser would consider all of the following
EXCEPT:
Original cost
Amenities
Past sales in the area
Current listings
Give this one a try later!
Original Cost
In order to establish effective gross income, one would subtract which of the
following items from scheduled gross income?
Debt service
Income taxes
Operating expenses
Vacancy and loss of credit
,Give this one a try later!
Vacancy and loss of credit
Land and improvements must be appraised separately using the:
Cost approach
Market comparison approach
Gross Multiplier
Income approach
Give this one a try later!
Cost approach
A rate of return would be related to which of the following
Cap rate
Property Usage
Gross rent multiplier
Gross income depreciation
Give this one a try later!
Cap Rate
Economic obsolescence is best defined as:
Physical wear and tear
Outdated design
External and incurable
Internal but economically incurable
, Give this one a try later!
External and incurable
The Market Data approach in appraising would refer to which of the following?
Net operating income
Building plus the value of the land
Substitution
Depreciation
Give this one a try later!
Substitution
Which of the following is reflective of value give in exchange for a property?
Appraisal
Market value
Market price
Reproduction cost
Give this one a try later!
Market price
When a developer combines two or more adjacent parcels of land into one large
development, it is known as:
Assemblage
Conformity
EXCEPT:
Original cost
Amenities
Past sales in the area
Current listings
Give this one a try later!
Original Cost
In order to establish effective gross income, one would subtract which of the
following items from scheduled gross income?
Debt service
Income taxes
Operating expenses
Vacancy and loss of credit
,Give this one a try later!
Vacancy and loss of credit
Land and improvements must be appraised separately using the:
Cost approach
Market comparison approach
Gross Multiplier
Income approach
Give this one a try later!
Cost approach
A rate of return would be related to which of the following
Cap rate
Property Usage
Gross rent multiplier
Gross income depreciation
Give this one a try later!
Cap Rate
Economic obsolescence is best defined as:
Physical wear and tear
Outdated design
External and incurable
Internal but economically incurable
, Give this one a try later!
External and incurable
The Market Data approach in appraising would refer to which of the following?
Net operating income
Building plus the value of the land
Substitution
Depreciation
Give this one a try later!
Substitution
Which of the following is reflective of value give in exchange for a property?
Appraisal
Market value
Market price
Reproduction cost
Give this one a try later!
Market price
When a developer combines two or more adjacent parcels of land into one large
development, it is known as:
Assemblage
Conformity
