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DC Property Manager Exam Questions With Verified Answers

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DC Property Manager Exam Questions With Verified Answers What are the three types of Obsolescence? 1. Physical Obsolescence. 2. Functional Obsolescence. 3. Economic Obsolescence. Depreciation the loss in value from the various forms of obsolescence. Market Analysis Identifying the properties strengths and weaknesses in an effort to improve overall economic performance; also known an determining the properties highest and best use. Analysis of Alternatives Identifying theoretical costs associated with corresponding increases in rent; analyzing the costs associated with improvements that could increase the overall value of the property. Example: Modernizing/updating the property's finishes for the purposes of gaining premium rents. What are the 5 Types of Property Values? 1. Investment Value 2. Assessed Value 3. Market Value 4. Depreciated Value 5. List Price

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DC Property Manager Exam Questions
With Verified Answers
What are the three types of Obsolescence?


1. Physical Obsolescence.
2. Functional Obsolescence.
3. Economic Obsolescence.

Depreciation


the loss in value from the various forms of obsolescence.


Market Analysis


Identifying the properties strengths and weaknesses in an effort to improve overall
economic performance; also known an determining the properties highest and best use.


Analysis of Alternatives


Identifying theoretical costs associated with corresponding increases in rent; analyzing
the costs associated with improvements that could increase the overall value of the
property.

Example: Modernizing/updating the property's finishes for the purposes of gaining
premium rents.


What are the 5 Types of Property Values?


1. Investment Value
2. Assessed Value
3. Market Value
4. Depreciated Value
5. List Price

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