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10 Cards in this Set
- Front
- Back
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Which of the following expenses is not an operating expense?
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Mortgage payment.
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The final value estimate produced by one approach is called:
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Indicated value.
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Which of the following types of properties probably would not be appropriate for income capitalization?
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Public school.
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Reserves for replacement and other nonrecurring expenses are allowances that reflect:
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The annual depreciation of the short-lived components of the building and expenses that occur only occasionally.
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An overall capitalization rate (Ro) is divided into which type of income or cash flow to obtain an indicated market value?
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Net operating income (NOI
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The methodology of appraisal differs from that of investment analysis primarily regarding:
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Point of view and types of data used.
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Which of these points in a mortgage loan would be addressed in the mortgage (possibly in the note as well)?
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Escrows.
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A common risk that frequently interferes with a lender's efforts to work out a defaulted loan through either nonforeclosure means or foreclosure is:
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Bankruptcy.
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A type of loan that has grown in volume in recent years, which has raised concerns about predatory lending practices, is the:
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Subprime mortgage.
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Ways that a lender may respond to a defaulted loan without resorting to foreclosure include all of the following except:
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Accelerate the debt.
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