Value Quiz Attempt #2

An example of external depreciation is:

Which of the following best defines the term market value

A large seven-bedroom house with a tennis court, and basketball court is built in a neighborhood of small two-bedroom houses. Which principal is most likely to affect the value of the house

A term used by appraisers to estimate the physical condition of a building. It maybe different from the building’s actual age.

Knowing the NOI and the capitalization rate, an appraiser would _________ to find the value of a property using the income approach.

______ can be described as a value created by the expectation of some events.

Of the following, which is taken into account when attempting to find the most probable value for a property in a competitive and open market?:

The value of land is to be calculated separately from the value of the improvements in which of these approaches?:

Depreciation can be defined as:

When estimating the value of a ______, the sales comparison approach is the best method.

_______ would MOST likely affect the value of a large four-bedroom house with a private gym that was built in a neighborhood filled with small two-bedroom houses.

An example of functional obsolesce would be:

______ would be used by a real estate professional to determine the market value of a property.

Which of the following are the primary benefits that contribute to real estate values?:

______ is the value of a property when a public tax assessor determines it.