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5.0
REE 3043 Final Exam Review Questions with Detailed
Verified Answers (100% Correct Answers) /Already
Graded A+
Quiz: Which appraisal approach would be most accurate in the
valuation of a ten-year old single family dwelling?
Ans: Sales comparison approach
Quiz: Which valuation approach would be most accurate in the
valuation of a school, museum or library?
Ans: Cost approach
Quiz: In the _______, appraisers estimate market value by estimating
the income that the property is expected to generate, then converting
the income stream into a present value estimate.
Ans: Income approach
Quiz: In the cost approach to value, which factor of depreciation is
NOT used?
Ans: Tax depreciation
Quiz: The last step of the valuation process, report of defined value,
includes which of the following?
Sunday, 02 March 2025
,Ans: Conveying the value estimate to the client
Quiz: Which of the following NOT true?
Ans: The appraisal is most accurate on the day of the closing.
Quiz: The sales price of a comparable sale must be adjusted
_________ to account for the lack of a fireplace, when the subject
property has a built-in fireplace.
Ans: Upward
Quiz: At what point in the appraisal process should an appraiser
determine the legal bundle of property rights (type of estate) to be
appraised?
Ans: Step 1: definition of the problem
Quiz: Which of the following statements about property value is not
true?
Ans: Price and market value are identical
Quiz: The value of future benefits or future utility is the basis of the
principle of
Ans: anticipation
Examstudy - Stuvia US
,Quiz: What term is the result of a property's inability to generate
income due to factors outside the property?
Ans: Economic obsolescence
Quiz: Which approach would probably be most accurate in the
valuation of a shopping center?
Ans: Income approach
Quiz: The income approach
Ans: is based upon the concept of present value.
Quiz: In which of the following scenarios can the value of a real
estate improvement be negative?
Ans: When the value of the land if vacant exceeds the value of the land as
improved
Quiz: In the __________, appraisers estimate market value by
estimating the income that the property is expected to generate, then
converting the income stream into a
present value estimate.
Ans: income approach
Examstudy - Stuvia US
, Quiz: Which of the following is NOT true?
Ans: The appraisal is most accurate on the day of the closing
Quiz: The stabilized income which a property is expected to
generate after allowances for vacancies and bad debt is called the
Ans: effective gross income.
Quiz: The value that real estate appraisers generally estimate is
market value, which is synonymous with
Ans: most probable selling price.
Quiz: Market value, is the value of a property to a typical investor,
and ___________ is the value of a property to a particular investor.
Ans: Investment value
Quiz: Which of the following is considered representative, thus,
usable as a comparable sale for a market-value estimate?
Ans: A house sold under normal market conditions
Quiz: The sales comparison approach is
Examstudy - Stuvia US
In today's fast-paced educational landscape, students need reliable resources to excel in their studies.
5.0
REE 3043 Final Exam Review Questions with Detailed
Verified Answers (100% Correct Answers) /Already
Graded A+
Quiz: Which appraisal approach would be most accurate in the
valuation of a ten-year old single family dwelling?
Ans: Sales comparison approach
Quiz: Which valuation approach would be most accurate in the
valuation of a school, museum or library?
Ans: Cost approach
Quiz: In the _______, appraisers estimate market value by estimating
the income that the property is expected to generate, then converting
the income stream into a present value estimate.
Ans: Income approach
Quiz: In the cost approach to value, which factor of depreciation is
NOT used?
Ans: Tax depreciation
Quiz: The last step of the valuation process, report of defined value,
includes which of the following?
Sunday, 02 March 2025
,Ans: Conveying the value estimate to the client
Quiz: Which of the following NOT true?
Ans: The appraisal is most accurate on the day of the closing.
Quiz: The sales price of a comparable sale must be adjusted
_________ to account for the lack of a fireplace, when the subject
property has a built-in fireplace.
Ans: Upward
Quiz: At what point in the appraisal process should an appraiser
determine the legal bundle of property rights (type of estate) to be
appraised?
Ans: Step 1: definition of the problem
Quiz: Which of the following statements about property value is not
true?
Ans: Price and market value are identical
Quiz: The value of future benefits or future utility is the basis of the
principle of
Ans: anticipation
Examstudy - Stuvia US
,Quiz: What term is the result of a property's inability to generate
income due to factors outside the property?
Ans: Economic obsolescence
Quiz: Which approach would probably be most accurate in the
valuation of a shopping center?
Ans: Income approach
Quiz: The income approach
Ans: is based upon the concept of present value.
Quiz: In which of the following scenarios can the value of a real
estate improvement be negative?
Ans: When the value of the land if vacant exceeds the value of the land as
improved
Quiz: In the __________, appraisers estimate market value by
estimating the income that the property is expected to generate, then
converting the income stream into a
present value estimate.
Ans: income approach
Examstudy - Stuvia US
, Quiz: Which of the following is NOT true?
Ans: The appraisal is most accurate on the day of the closing
Quiz: The stabilized income which a property is expected to
generate after allowances for vacancies and bad debt is called the
Ans: effective gross income.
Quiz: The value that real estate appraisers generally estimate is
market value, which is synonymous with
Ans: most probable selling price.
Quiz: Market value, is the value of a property to a typical investor,
and ___________ is the value of a property to a particular investor.
Ans: Investment value
Quiz: Which of the following is considered representative, thus,
usable as a comparable sale for a market-value estimate?
Ans: A house sold under normal market conditions
Quiz: The sales comparison approach is
Examstudy - Stuvia US
