0 of 30 Questions completed
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
0 of 30 Questions answered correctly
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
You must review the material for this section and reattempt the Unit quiz (Attached to the link below) to proceed to the next section.
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 condition 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.