Barney Fletcher Exam 4 Questions and Answers

Barney Fletcher Exam 4 Questions and Answers which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? A. substitution B. conformity C. highest and best use D. competition - Answer-B. conformity If you took projected future costs from projected future income, you would arrive at: A. capitalization rate B. projected net income C. projected debt service D. projected debt coverage - Answer-B. projected net income A deed would be presumed to have been delivered upon the happening of which of the following events? A. it was subrogated B. it was notarized C. it was recorded D. it was signed - Answer-C. it was recorded A farmer leased a property on an annual basis whereby the farmer or the owner could terminate the lease by giving the other party 90 days notice. One half of the crop value would be the annual rent. This type of lease would best be described as a: A. tenancy in common B. periodic estate C. tenancy for years D. tenancy at will - Answer-B. periodic estate