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IAAO 102 QUIZ 1 & 2 no math questions exam with correct answers.

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IAAO 102 QUIZ 1 & 2 no math questions exam with correct answers.

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IAAO 102 QUIZ 1 & 2 no math questions
| | | | | | | | |




exam with correct answers
| | |




Capitalization |- |correct |answer |Is |the |process |used |to |convert |income |into |an |estimate |of |
value



Recapture |- |correct |answer |In |straight |line |capitalization |______________________________ |
is |received |in |equal |amounts |during |the |economic |life |of |the |improvement.



fixed |rate |mortgage |- |correct |answer |a |loan |secured |by |real |property |featuring |an |interest |rate
|that |is |constant |for |the |term |of |the |loan |is |referred |to |as |a/an




anticipation |- |correct |answer |the |underlying |principle |providing |the |basis |of |the |income |
capitalization |approach |is



income/rate=value |- |correct |answer |the |basic |equation |used |in |the |income |approach |to |value |
is



gross |lease |- |correct |answer |requires |that |in |addition |to |the |rent, |the |landlord |must |pay |
maintenance, |utilities, |insurance |and |taxes



deficit |rent |- |correct |answer |when |market |rent |exceeds |contract |rent, |the |difference |is |known |
as



market |rent |- |correct |answer |rental |income |that |a |property |would |most |probably |command |in
|the |open |market




effective |gross |income |(EGI) |- |correct |answer |the |anticipated |income |from |all |operations |of |
the |property |adjusted |for |vacancy |and |collection |losses, |and |misc. |income |is |called:

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