Nat 10

Question 1

Process of converting net income into value

Answer 1

Capitalization

Question 2

Period of time over which the property will produce income and be economically beneficial to the owner

Answer 2

Economic life

Question 3

The income remaining after operating expenses are deducted from the gross income

Answer 3

Net income

Question 4

The rate of return an investor wants to receive or that the property is producing

Answer 4

Capitalization rate (cap rate)

Question 5

Sometimes used to estimate values of small income properties

Answer 5

Gross rent multiplier

Question 6

Process of bringing data together from the three appraisal methods to arrive at a final estimate of value

Answer 6

Reconciliation of data

Question 7

Regulates federal environmental rules and laws

Answer 7

(EPA) Environmental protection agency

Question 8

Sets states environmental standards

Answer 8

(ADEQ)Arizona department of environmental quality

Question 9

Regulates use of ground water

Answer 9

(ADWR) Arizona department of water resources

Question 10

Commissioners rules require disclosure

Answer 10

(ADRE) Arizona department of real estate

Question 11

Defunct, derelict or abandoned commercial or industrial site contaminated with hazardous and toxic waste

Answer 11

Brownfield

Question 12

All owners, current and previous, have …………for remediation of polluted properties

Answer 12

Strict liability