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The overall goal of the appraisal process is to produce ____________.
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What is the median of the following data set?
$156,$125,$177,$124,$125,$170,$150
$156,$125,$177,$124,$125,$170,$150
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_____________________ is realized when the improved property sells.
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True or False : Vacancy and Credit Loss in real estate investing is the amount of money or percentage of net operating income that is estimated to not be realized due to non-payment of rents and vacant units.
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Which of the following is true about ground rent capitalization?
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The formula for the gross income multiplier is ________________.
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Generally, _________________ consist of making either percentage or dollar adjustments to account for the differences between the subject and the comparable sales.
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True or False: Reproduction Cost is the cost of constructing new the existing building at today's construction standard using today's materials.
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The actual age of the improvements is also called the _________________.
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After conducting a through investigation, the appraiser finds that a legal authority would in fact allow for a change in use. This can ___________________.
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The major premise behind the _______________ is that the future benefits of the income stream have value in the present time.
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Performing compounding and discounting calculations involves the variable of _______.
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The land to building ratio is 1:4 and the total property value is $350,000. What is the estimated land value?
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The formula for income capitalization is _____________.
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A comparable property sold for $885,000. The replacement cost new (RCN) is an estimated $1,000,000 and the estimated accrued depreciation is 30% as of the date of the sale. What is the estimate of land/site value.
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The question of feasibility is/is not similar to the question of curability.
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The amount of income produced by a piece of property, plus miscellaneous income, less vacancy costs and collection losses is called ___________.
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The range, variance, and standard deviation are measures of _______.
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The present value of $1 factor is also referred to as the _____ factor.
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The principal amount of plus any accrued interest is the ________.
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What is the order of the Highest and Best Use analysis?
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An example of roof style is _______________.
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What is the value of a property if the NOI is $65,000 and the market derived capitation rate is 13.75%
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A local developer is constructing a 3,400 SF commercial building. The cost to construct the building is $152 per square foot. The capitalization rate for the land is 9% and the capitalization rate for the building is 11%. The NOI for the entire property is $66,000 per year.
What is the land income?
What is the land income?
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Examples of __________ costs are architectural, engineering, financing, and legal fees, and other pre- and post-construction expenses.
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____________ is the maximum rental income possible from a property without vacancy or credit losses.
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The four tests for highest and best use are/are not required to be completed in sequential order.
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True or False: Reproduction Cost is the cost of constructing new the existing building at today's construction standard using today's materials.
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True or False : The absorption rate refers to the amount of time over which it is estimated that the individual lots will sell.
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A local developer is constructing a 3,400 SF commercial building. The cost to construct the building is $152 per square foot. The capitalization rate for the land is 9% and the capitalization rate for the building is 11%. The NOI for the entire property is $66,000 per year.
What is the value of the land using the land residual method?
What is the value of the land using the land residual method?
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The Cost Approach includes _____________________.
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What site value technique(s) use the IRV formula?
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The highest and best use analysis as if improved helps with the property management function of deciding among the following:
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A loss in value as a result of the market's negative response to something that is outside the property lines is called _______________.
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True or False: Discounting is the future value of a present benefit.
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If the land to building ratio is 1:5, then the land is ____________.
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If a ground lease generates a monthly net income of $4,000 and the market reflects a cap rate of 9%, the value using the IRV formula is _________.
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What is the range of the following set?
{66,55,77,66,52,80}
{66,55,77,66,52,80}
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If a ground lease generates an annual net income of $25,000 and the market shows a capitalization rate of 10%, the value of the IRV formula is _______.
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Similar to the Ground Rent Capitalization technique, this method converts the allocated portion of a property’s income that is attributable to the land, and again divides it by a land capitalization rate that is market derived.
What is the name of this technique?
What is the name of this technique?
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A local developer is constructing a 3,400 SF commercial building. The cost to construct the building is $152 per square foot. The capitalization rate for the land is 9% and the capitalization rate for the building is 11%. The NOI for the entire property is $66,000 per year.
What is the building income?
What is the building income?
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True or False : A market analysis is always separate from an appraisal.
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A(n) __________ focuses on the profitability of a specific project.
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If the cost new is $300,000 and the expected life is estimated as 60 years, what is the annual amount of depreciation using the straight-line method?
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True or False: Referring to the steps in the appraisal process, Scope of Work comes after Management of the Assignment.
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Adjustments are always made to the _______________.
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Which order should percentage adjustments be made in?
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When there is a loss in value due to poor layout, the property is said to suffer from _______________.
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If the gross income is $60,000 and the sales price was $500,000, the gross income multiplier would be ________________.
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Extreme values in a data set are known as _____________.
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