QUESTIONS AND CORRECT ANSWERS
⩥ Chattel Mortgage. Answer: a mortgage only on personal property.
⩥ Amortized Mortgage. Answer: Fixed rate mortgage permanent loan in
which the sum of the principal and interest payments remains fixed
throughout the term of the loan.
⩥ Four factors to capture overall yield rate (Yô) -. Answer: 1. Safe rate
2. Risk Rate
3. Rate for non-liquidity
4. Rate for Management
⩥ Recapture Rate. Answer: Provides for the return of the investment in
the wasting portion of the assets.
⩥ Effective Tax Rate (ETR). Answer: Reflect the relationship between
the real estate taxes and the value of the property.
⩥ Income Approach. Answer: One of the three approaches to value in
which the appraiser derives a value indication by converting anticipated