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10 Cards in this Set
- Front
- Back
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Absorption rate |
Is the rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month |
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Ad valorem tax |
a tax on goods or property expressed as a percentage of the sales price or assessed value taxes are levied on real or personal property by local government units including counties, municipalities, school districts, and special taxing districts. |
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Vacancy rate |
the percentage of all available units in a rental property, such as a hotel or apartment complex, that are vacant or unoccupied at a particular time |
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Appraisal |
property valuation or land valuation is the process of developing an opinion of value for real property (usually market value). |
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Appraisal |
property valuation or land valuation is the process of developing an opinion of value for real property (usually market value). |
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Broker price opinion |
is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property. A BPO is popularly used in situations where a financial institution believes the expense and delay of an appraisal is unnecessary. |
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Appraisal |
property valuation or land valuation is the process of developing an opinion of value for real property (usually market value). |
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Broker price opinion |
is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property. A BPO is popularly used in situations where a financial institution believes the expense and delay of an appraisal is unnecessary. |
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Capitalization approach |
rate is the rate of return on a real estate investment property based on the income that the property is expected to generate. The capitalization rate is used to estimate the investor's potential return on his or her investment |
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Capitalization rate |
is the rate of return on a real estate investment property based on the income that the property is expected to generate. The capitalization rate is used to estimate the investor's potential return on his or her investment. ... Capitalization Rate = Net Operating Income / Current Market Value. |
