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Real Estate Principles

Business

Quiz 17 :

Real Estate Appraisal

Quiz 17 :

Real Estate Appraisal

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Depreciation resulting from outmoded design is classed as
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Answer:

A
Depreciation resulting from outmoded design is classed as functional obsolescence.

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The method used to compute a gross rent multiplier is
Free
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Answer:

C
The method used to compute a gross rent multiplier is to compute the sale price of similar properties divided by their rental income.

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In making an appraisal by the market comparison approach, an appraiser should
Free
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Answer:

A
In making an appraisal by the market comparison approach, an appraiser should consider the physical and economic features of the subject property.

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The definition of fair market value requires, among other things, that the
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An apartment building sells for $600,000 and has a gross rent multiplier of 6.0.how much annual rent does the building produce?
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Which of the following in an old commercial building would most likely be a cause of incurable obsolescence?
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The best definition of fair market value is the
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In valuing a fire station, an appraiser would most likely emphasize the
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Net operating income on rental property is computed by deducting expenses from
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Which appraisal method would be most useful in appraising an unusual building which has a very limited and specific use?
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The amount of money required to duplicate a property as of a certain date is called
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An office building is on a lot valued at $40,000. It would cost $150,000 to replace the building structure today, but the improvements have depreciated 20%. Using the cost approach, what is the value of the property?
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A residential lot purchased 3 years ago for $10,000 has doubled in value. The house on the lot cost $40,000 and it increased $20,000 in value. If the house and lot are sold at market value today, how much profit will be realized?
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When the appraiser has decided to use the market approach, which of the following conditions would disqualify a sale as a fair market value transaction?
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Depreciation resulting from the closing of a large business in a small town is classed as
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When real property loses value due to social or economic changes, this loss is called
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If an appraiser felt some comparable sales were better indicators of value than other comparables, he would assign more weight to them in the
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An office building is on a lot valued at $50,000. It would cost $150,000 to replace the building structure today, but the improvements have depreciated 10%. Using the cost approach, what is the value of the property?
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The most commonly used methods of real estate appraisal are
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Which of the following operating expense ratios indicate one dollar of total operating expenses for every two dollars of effective gross income?
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