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15 Cards in this Set
- Front
- Back
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What date does the first installment of taxes become delinquent?
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December 10th
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Amanda bought a parcel of land measuring 110 by 220 yards. How many acres are in this parcel?
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5 acres
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The amount of rent the appraised property probably would command at the date of appraisal is called?
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market rent
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Of the following, which is the closest to highest and best use?
A. gross income B. greatest net income C. 100% location D. Southwest corner of an intersection |
B. greatest net income
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Which of the following would be a freehold estate?
A. Estate in fee B. Estate at will C. Periodic tendency D. leasehold estate |
B
All the rest are less than freehold estates. |
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The period of time in which an income property produces enough to maintain itself and show a profit is known as....
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Economic Life
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Value is created by the anticipation of....
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future benefits
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A listing would most likely be?
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high market value
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An Exclusive Authorization and Right to Sell Listing just entered into can be described as ?
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bilateral executory contract
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When a borrower fails to pay it is known as?
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default
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The mathematical process of converting investment inflows or an income stream into a present value is commonly referred to as?
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Discounting
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A series of equal periodic payments or receipts is referred to as?
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an annuity
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If a salesman sold a parcel of land with 800 front feet at $100 a front foot, and he was to receive 40% of his broker's 6% commission, he would receive?
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$1920
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The extension of some improvement or object, such as a building or driveway, across the legal boundary of an adjoining tract of land is referred to as?
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an encroachment
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The upper limits of value are determined by which approach?
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reproduction
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