General Appraiser Income Approach
Final Exam with Complete Solutions
A discount rate can also be called a - ANSWER-Yield rate
a lease that involves future rents being determined by market rents at predetermined
intervals would be what type of lease - ANSWER-revaluation lease
A letter of transmittal always includes the following except - ANSWER-value
conclusions
A percentage rent paid in addition to the base rent is called - ANSWER-overage rent
A rate of return on capital usually expressed as a compound annual percentage rate is
the - ANSWER-Yield Rate
A tenant may be concerned about the financial stability of the landlord. Lease provisions
addressing this issue would be found under - ANSWER-Land Lord Solvency
A tool to determine whether or not to make an investment is - ANSWER-NPV
According to a quoted USPAP reference, "The value of the whole..." - ANSWER-May
equal, exceed or be less than the sum of the parts
Agents of production include Land, Labor, Capital and - ANSWER-coordination
An algebraic formula used to calculate an overall rate, based on the mortgage equity
analysis concept that allows for cash flow forecasts including the impact of financing, is
the - ANSWER-Ellwood formula
An appraiser discovers that a tenant providing free dry cleaning to the landlord for the
duration of the lease would be addressed in a lease agreement under - ANSWER-
Concessions
An appraiser may find an older structure's higher energy and maintenance costs less of
a negative factor when - ANSWER-There is a historical or retro appeal
An appraiser might also call a discount rate a - ANSWER-yield rate
An easement that benefits a legal person and does not run with the land is called an
easement - ANSWER-in gross
An effective tool for bringing older number and data to current timeframes is the use of -
ANSWER-ratios
Final Exam with Complete Solutions
A discount rate can also be called a - ANSWER-Yield rate
a lease that involves future rents being determined by market rents at predetermined
intervals would be what type of lease - ANSWER-revaluation lease
A letter of transmittal always includes the following except - ANSWER-value
conclusions
A percentage rent paid in addition to the base rent is called - ANSWER-overage rent
A rate of return on capital usually expressed as a compound annual percentage rate is
the - ANSWER-Yield Rate
A tenant may be concerned about the financial stability of the landlord. Lease provisions
addressing this issue would be found under - ANSWER-Land Lord Solvency
A tool to determine whether or not to make an investment is - ANSWER-NPV
According to a quoted USPAP reference, "The value of the whole..." - ANSWER-May
equal, exceed or be less than the sum of the parts
Agents of production include Land, Labor, Capital and - ANSWER-coordination
An algebraic formula used to calculate an overall rate, based on the mortgage equity
analysis concept that allows for cash flow forecasts including the impact of financing, is
the - ANSWER-Ellwood formula
An appraiser discovers that a tenant providing free dry cleaning to the landlord for the
duration of the lease would be addressed in a lease agreement under - ANSWER-
Concessions
An appraiser may find an older structure's higher energy and maintenance costs less of
a negative factor when - ANSWER-There is a historical or retro appeal
An appraiser might also call a discount rate a - ANSWER-yield rate
An easement that benefits a legal person and does not run with the land is called an
easement - ANSWER-in gross
An effective tool for bringing older number and data to current timeframes is the use of -
ANSWER-ratios
