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10 Cards in this Set
- Front
- Back
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A commercial acre is best defined as ?
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An acre AFTER deductions for streets and alleys
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An income property showed a value of $800,000 when capatalized at a rate of 9%. A new investor wishing to purchase the same property engaged an appraiser who use a cap rate of 12%. According to the appraiser, the value would be?
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$600,000
Rate X Value= /net operating income .09 X $800,000 .09 X $800,000 = $72,000 .12 X ????? = $72,000 .12/$72,000 = $600,000 |
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What decides the amount of commission received from the sale of property of a deceased person?
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Court order
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A one acre parcel is divided into four equal rectangular lots parallel to eachother and each 240 feet in depth. What is the approximate width of each lot?
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width X length = /Area
???? X 240' = /43,560 sq. feet (one acre) 240/43,560= 181.5 4/181.5= 45.4 ft. per lot |
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Market price is ?
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The price actually paid for the property
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Functional obsolescence is a decrease in value due to..
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being outdatesd
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A tenant who transfers an entire leasehold interest does so by?
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Assignment
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A structural pest report must be delivered to the?
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buyer
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Under what circumstances may a broker fill out the seller's Real Estate Transfer Disclosure Statement?
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Never, it must be completed by the seller
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The remedy of unlawful detainer is most commonly used by the offended....
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Lessors. The unlawful detainer is designed by law which the lessor can have the tenant evicted
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