1 of 52
Term
When using the comparison method , an appraiser adjusts the price
of the :
A. subject property
B. capitalized value
C. GRM
D. comparables
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b a
c d
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, 2 of 52
Term
The buyer wants an 11 % return . The property rents for $ 1,500 per
month , and annual expenses are $ 4,000 . What is the price the
buyer is willing to pay ?
A. $ 100,000
B. $ 120,000
C. $ 127,272
D. $ 198,000
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c a
d b
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3 of 52
Term
be the annual area has been selling for $ 700 each per A rental
property has six rental units that rent month . Similar property in the
for $ 700,000 What would gross rent multiplier for this type of
property ?
A. 83.5
B. 26.6
,C. 17.5
D. 13.9
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b a
c d
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4 of 52
Term
The process by which data is resolved into a final estimate of value is
:
A. reconciliation
B. capitalization
C. comparison
D. summation
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d a
b c
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, 5 of 52
Term
Functional obsolescence is caused by :
A. inherent inadequacies in the property
B. surrounding properties lowering value
C. deferred maintenance
D. deterioration of the foundation
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d c
b a
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6 of 52
Term
If interest rates rise , what effect would this have on commercial
property with a long term fixed rent lease ?
A. The cap rate would decrease
B. Property value would increase
C. Net operating income would decrease
D. Property value would decrease
Give this one a try later!
Term
When using the comparison method , an appraiser adjusts the price
of the :
A. subject property
B. capitalized value
C. GRM
D. comparables
Give this one a try later!
b a
c d
Don't know?
, 2 of 52
Term
The buyer wants an 11 % return . The property rents for $ 1,500 per
month , and annual expenses are $ 4,000 . What is the price the
buyer is willing to pay ?
A. $ 100,000
B. $ 120,000
C. $ 127,272
D. $ 198,000
Give this one a try later!
c a
d b
Don't know?
3 of 52
Term
be the annual area has been selling for $ 700 each per A rental
property has six rental units that rent month . Similar property in the
for $ 700,000 What would gross rent multiplier for this type of
property ?
A. 83.5
B. 26.6
,C. 17.5
D. 13.9
Give this one a try later!
b a
c d
Don't know?
4 of 52
Term
The process by which data is resolved into a final estimate of value is
:
A. reconciliation
B. capitalization
C. comparison
D. summation
Give this one a try later!
d a
b c
Don't know?
, 5 of 52
Term
Functional obsolescence is caused by :
A. inherent inadequacies in the property
B. surrounding properties lowering value
C. deferred maintenance
D. deterioration of the foundation
Give this one a try later!
d c
b a
Don't know?
6 of 52
Term
If interest rates rise , what effect would this have on commercial
property with a long term fixed rent lease ?
A. The cap rate would decrease
B. Property value would increase
C. Net operating income would decrease
D. Property value would decrease
Give this one a try later!
