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If the price of an item is increasing
When a market is in equilibrium?
_____ is how real estate is distinguished as an economic product.
The city of Scottdale has declared a moratorium on new construction. If demand is increasing what will be likely effect on real estate prices in the area?
If Jane, Ilc., a company that markets its nursing clothing worldwide, moves into Mayville and hires 150 employers, it is reasonable to expect that the town will experience
A housing boom, but no other changes in the real estate market
It is common for the market to experience ____ when vacancies are declining in a real estate?
Which of the following are the four fundamental determinants of values are
A town is rapidly growing, but all the build-able vacant lots in the most desirable area have already been occupied. In this case it is likely that the price of existing homes in that area
If there is a significant under-supply of homes in a market, construction will tend to increase. This is an example of
It is likely that _____ if commercial real estate rental prices are falling in a market.
What happens to prices if there is a construction boom?
Real estate is considered illiquid because
“Base employment” in real estate demands means
Market value is best defined as:
If an appraiser is determining the depreciation of a property which of the following would be factors in his appraisal
Which one of these examples can be classified as external depreciation
Julie builds a large, five-bedroom home with a private pool in a neighborhood filled with small two-bedroom houses. Which principle will MOST likely affect the value of Julie’s house
On which types of real property is the sales comparison approach to estimating a property’s value best
John builds a large six-bedroom house with a pool, private gym, and bowling alley in a neighborhood of small two-bedroom houses. Which principal is most likely to affect the value of John’s house
Tim is trying to sell his house. In order to bring a higher sales price he is trying to rid his property of functional obsolence, Which of the following is an example of functional obsolesce
The physical condtion of a building is called
When finding the value of a property using the income approach, an appraiser would ______ if the NOI and the cap rate were known.
If the value of the land is calculated separately from the value of the improvements, this is considered the:
What explains how the property was managed and makes projections for the new year?
All but which answers contribute to a marketing plan
Select the answer which is not a step in the appraisal process.
Select the step made use of in the cost approach to value.
Select the choice that would be left out of an appraisal report.