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20 Cards in this Set
- Front
- Back
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Which appraisal method uses a rate of investment return |
Income approach |
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The characteristics of value include |
Demand, utility, scarcity, and transferability |
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There to bacon adjacent lots in an area zone for commercial use, each worth approximately $50000. If their owner sells them as a single lot common the combined parcel will be worth a $120000. What principle does this illustrate? |
Plottage |
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The amount of money a property is likely to command in the market place is |
Market value |
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A homeowner constructs of 5 bedroom brick house with an indoor pool and a neighborhood of modest 2 bedroom and 3 bedroom frame houses and narrow lots. The value of this house is most likely to be affected by what principle, |
Regression |
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The owner of a modest ranch house in a neighborhood of larger more expensive homes may find that the value of their home is affected by what principle |
Progression |
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For appraisal purposes, accrued depreciation is not caused by |
Accelerated depreciation |
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The term reconciliation refers to which of the following |
Analyzing the results obtained by the different approaches to value to form an opinion of value |
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Which of the following is not used by an appraiser applying the income approach to value |
Accrued depreciation |
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An appraiser asked for an opinion of the value of an existing shopping center would probably give the most weight to which approach to value |
Income approach |
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The market value of a parcel of real estate is |
An estimate of the most probable price it should bring |
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Capitalization is the process by which annual net operating income is used to |
Estimate value |
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From the reproduction or replacement cost of a building, the appraiser deducts depreciation, which represents |
Loss of value due to any reason |
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All of the following factors would be important and comparing properties under the sales comparison approach to value except |
Differences in original cost |
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What is true about a comparatives market analysis? |
Nothing |
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What is the key to an accurate appraisal |
Methodical collection and analysis of data |
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The appraised value of a residence with 4 bedrooms and one bathroom were probably be reduced because of |
Functional obsolescence |
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Which principle of value indicates that a developer's very profitable real estate project will attract others to engage in similar activity in the same area and drive profit down |
Competition |
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Change, contribution, plotted, and substitution are some of the basic principles that affect what aspect of real estate |
Value |
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What is an example of Ground Lease? |
Landlord charges a commercial tenant separate amounts for the land and the least building |
