WA RE Exam 3 | Questions with 100% Correct Answers | Updated & Verified
When using the replacement cost approach to estimate the value of a home that is three years old, the appraiser should do which of the following? a. capitalize the net income b. determine replacement cost and then deduct for depreciation c. adjust for inflation that has occurred since the sale of any comparable properties d. estimate the cost, on the basis of current prices, of reproducing a replica home with the same or closely similar materials - b. determine replacement cost and then deduct for depreciation Which of the following is the best example of non-discriminatory language, according to HUD's guidelines for the Fair Housing Act? a. female seeking female roommate b. nice neighborhood for families with kids c. no children please d. walking distance of great catholic school - a. female seeking female roommate Through careful management, a property manager increases an apartment building's monthly income of $3,000 by an additional $500/month. Assuming a cap rate of 8%, what is the increase in the building value? a. $37,500 b. $43,750 c. $75,000 d. $525,000 - c. $75,000
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