Obsolescence Guides d'étude, Notes de cours & Résumés

If an older building cannot be air-conditioned, it is an example of ___________ ? A. Economic obsolescence. B. Functional obsolescence. C. Physical deterioration. D. External deterioration - B. Functional obsolescence. An appraiser MUST be licensed or certified to handle Federally related work on residential property valued at more than ___________? A. $100,000. B. $250,000. C. $500,000. D. $1,000,000. - B. $250,000. The main difference between tenancy in common and joint tenancy is t...

Management Plan - Answer-1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues Market Analysis - Answer-Regional and neighborhood evaluation focusing on: 1. Demographic conditions 2. Geographic features 3. Governmental perspective 4. Existing real estate supply 5. Future developments 6. Tenant demand Analysis of Alternatives - Answer-Theoretical costs and potential for rent increase based on decision to: 1. Modernize 2. Rehabilitate 3. Change 4. C...

Which of the following is not a definition of "Certificate of Insurance"? a) It does not certify the existence of insurance. b) May be a modified form of a policy. c) Issued as a convenience to a party who may have interest in the insurance. d) None of the above. - Answer-a) It does not certify the existence of insurance. The Casualty Department underwrites: a) Homeowner policies. b) Marine risks. c) Business property and stock. d) Accident and Sickness, Crime and Robbery. - Answer-d)...

PSI Maryland Practice Exam Questions and Answers Already Passed If an older building cannot be air-conditioned, it is an example of ___________ ? A. Economic obsolescence. B. Functional obsolescence. C. Physical deterioration. D. External deterioration B. Functional obsolescence. An appraiser MUST be licensed or certified to handle Federally related work on residential property valued at more than ___________? A. $100,000. B. $250,000. C. $500,000. D. $1,000,000. B. $250,...

eal property is - Answer-comprised of buildings, structures and fixtures that are tangible. Real property can be seen. Give examples of Real Property - Answer-Land is real property, but it is generally not the subject of insurance. Buildings are real property. They have walls and a roof. You can probably envision many types of buildings, ranging from a small one-story office to a skyscraper. Structures. A structure is any construction, including buildings. However, examples of structures t...

NATIONAL PEARSON VUE REAL ESTATE EXAM PREP WORKBOOK TRUE OR FALSE - Economic obsolescence results from an inharmonious land use in a neighborhood. The statement is true. An obsolescence typically means there is a negative effect on a property that may or may not be curable. The economic obsolescence results in a negative value effect to a property due to something outside the property lines (e.g., a shopping center on the other side of the subdivision retaining wall without a buffer zone)...

PSI Salesperson Real Estate Exam (2023/ 2024 Update) 100% Correct| Questions and Verified Answers| Grade A Q: Your neighbor has given you revocable permission to go hunting on his farm. You have a(n) Answer: 3. license. Q: A claim based on adverse possession of property must NOT be Answer: 4. secretive. Q: A man gives his friend the right to go hunting on his property for just one day. This is an example of Answer: 1. a license. Q: A person who receives ...

Management Plan This describes in detail the subject property's current use along with its physical condition, fiscal projections, and any operational issues. It also includes an analysis of the market (both regional and neighborhood), the competing properties, as well as potential improvements or alternative uses for the subject property. Market Analysis This focuses on both a regional and neighborhood evaluation, which includes the demographic conditions, geographic features, governm...

Principles of Real Estate 2 (TEXAS) Exam With 100% Correct Answers 2024 The approach used as the best indicator of value for existing properties. a. functional obsolescence b. sales comparison c. highest and best use d. market value e. external obsolescence - answerB Refers to the loss in desirability of the style, layout, or function of an element of a property over time. a. functional obsolescence b. sales comparison c. highest and best use d. market value e. external obsolescenc...

TSA Technology Bowl, Top Exam Questions and answers, 100% Accurate, Verified. What type of air transportation is usually seen providing aerial views of popular sports games, such as football, golf, and baseball? - -Blimp What country produces more nuclear-generated electricity than any other country (which accounts for nearly 1/3 of the world's total)? - -United States William Kamkwamba utilized what energy source that brought electricity and running water to his neighborhood? - -W...