Module 9: Preparing to Market a Res. Property Flashcards
1
Q
Best resource for conducting property research
A
geowarehouse
2
Q
When listing a property be aware of
A
- all history (when it was bought, for how much)
- any past misuse (murder, site of growup)
3
Q
MPAC can be used to
A
assess property values used as a basis for calculating prop. taxes
4
Q
Progression
A
presence of superior property has a positive impact on an inferior one
5
Q
Regression
A
presence of inferior property has a negative impact on an superior one
6
Q
Too much conformity
A
(all houses look the same) has a negative impact on value
7
Q
Appraisal institute of canada
A
society of professional RE appraisers
8
Q
One meter =
A
3.281 ft
9
Q
1 sq meter equals
A
10.7369square feet
10
Q
one hectare equals
A
2.471 acres
11
Q
Area of a trapezoid
A
sum of paralell sides x(1/2xperp. height)
