1 of 320
Term
What question is an "adjustment" intended to answer?
Give this one a try later!
, If this comparable property
were similar to the subject in What features make the subject
this regard, what would it have property unique?
sold for?
How much did the subject property What is the average price of
appreciate over time? properties in the area?
Don't know?
2 of 320
Term
What kind of data is measured?
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Secondary data Primary data
Quantitative data Categorical data
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3 of 320
Term
,What is the formula for the cost approach?
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Value = rental income - maintenance
Value = total area x local rate
costs
Value = market price + construction Value = Cost - Depreciation +
time Site Value
Don't know?
4 of 320
Term
When is the sales comparison approach most effective?
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When sufficient market data is
When appraisals are based solely on
available to extract and
personal opinion.
support adjustments
When there are no comparable When the market is experiencing a
properties available. downturn.
, Don't know?
5 of 320
Term
What are the necessary components in using gross income multiplier?
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Value Reconciliation
Qualitative Income and sale price
Don't know?
6 of 320
Term
Which best describes the paired sales technique?
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Term
What question is an "adjustment" intended to answer?
Give this one a try later!
, If this comparable property
were similar to the subject in What features make the subject
this regard, what would it have property unique?
sold for?
How much did the subject property What is the average price of
appreciate over time? properties in the area?
Don't know?
2 of 320
Term
What kind of data is measured?
Give this one a try later!
Secondary data Primary data
Quantitative data Categorical data
Don't know?
3 of 320
Term
,What is the formula for the cost approach?
Give this one a try later!
Value = rental income - maintenance
Value = total area x local rate
costs
Value = market price + construction Value = Cost - Depreciation +
time Site Value
Don't know?
4 of 320
Term
When is the sales comparison approach most effective?
Give this one a try later!
When sufficient market data is
When appraisals are based solely on
available to extract and
personal opinion.
support adjustments
When there are no comparable When the market is experiencing a
properties available. downturn.
, Don't know?
5 of 320
Term
What are the necessary components in using gross income multiplier?
Give this one a try later!
Value Reconciliation
Qualitative Income and sale price
Don't know?
6 of 320
Term
Which best describes the paired sales technique?
Give this one a try later!
