Value Quiz Attempt #3

Which one of these examples can be classified as external depreciation

Market value is best defined as:

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

What term is used by appraisers to estimate the physical condition of a building

When finding the value of a property using the income approach, an appraiser would ______ if the NOI and the cap rate were known.

Which of the following best describes the value created by the expectation of some events?:

_____ is taken into account when attempting to find the most probable value for a property in a competitive and open market.

One requirement of the _____ is that the value of the land must be calculated separatley from the value of the improvements.

Depreciation:

The sales comparison approach would be best to use when estimating the value of:

Which of the following 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.

Which of the following would a real estate professional use to determine the market value of a property?:

______ is an example of functional obsolense.

Which of the following would a real estate professional use to determine the market value of a property?:

Income, tax benefits, use, and _____ are the primary benefits that contribute to real estate value.