ASREB Exam prep B-5 exam 2023/2024 with 100% correct answers

A rate of return: - correct answer Cap rate Buying An apartment building. It would be apprised using: - correct answer Income approach When a house is built with cheap material and shows signs of deterioration this is called: - correct answer Physical depreciation This is considered functional obsolescence: - correct answer Five bedroom house with one bathroom The market data approach in appraisal would refer to as: - correct answer Substitution When buying a rental property it would be appraised using: - correct answer Income approach A use of a property that produces the greatest net return: - correct answer Highest and best use This appraisal approach would be used in appraising an older home: - correct answer Market approach An old home in an area of new home development would be appraised using: - correct answer Cost approach Economic life of a building would be: - correct answer Period of time it remains profitable to operate When a property increases in value but the owner did nothing to cause the increase this would be called: - correct answer Unearned increment