res

Question 1

sales price-improvement value (RCNLD)=land value is what method

Answer 1

abstraction

Question 2

allocation uses

Answer 2

land to building ratio

Question 3

capitalization of ground rent uses

Answer 3

I=RV, V=I/R

Question 4

Effective tax rate formula

Answer 4

E=AT or E=tax/mv

Question 5

for a market adjustment factor to produce a median of 1, do what with median ratio

Answer 5

divide 1 by median ratio

Question 6

physical curable=

Answer 6

cost to cure

Question 7

incurable short lived example roof

Answer 7

5000*.5=2500

Question 8

incurable short lived example foundation

Answer 8

131000*.5=65500, subtract short lived items before finding depr for long lived items

Question 9

functional curable deficient (should have been built) is measured by cost to cure-?

Answer 9

RCN

Question 10

functional curable for outdated items is measured by cost to cure less ___

Answer 10

depr value of existing item (RCN-RCNLD)

Question 11

functional curable superadequacy is measured by current RCN less

Answer 11

physical depr already charged + cost to install normal unit.

RCNLD+cost to install new item

Question 12

measuring economic obsolescence directly from market formula

Answer 12

rent lossxGRMx%building value

Question 13

functional obsolescence using GRM formula

Answer 13

rent lossxGRM

Question 14

subject is 4plex that sold for 155k. contains 3600 sq ft and has 8 bedrooms. develop appropriate units of comparision

Answer 14

sqft=43.06
bedroom=19375
unit=38750

Question 15

appraised value/sales price=

Answer 15

sales ratio

Question 16

prd=

Answer 16

mean/weighted mean

Question 17

appraisal level between

Answer 17

.9 and 1.1

Question 18

standard deviation/mean is the

Answer 18

COV