Unit 16: Real Estate Appraisal Flashcards
1
Q
Liquidation Value = Rapid Sale
A
Complete
2
Q
Highest & Best Use
A
Complete
3
Q
Overimprovement
A
Complete
4
Q
Regression
A
Complete
5
Q
Sales Comparison Approach - Calculate Adjustments
The Adjustment Process
A
Complete
6
Q
Math Reconciliation - Reconcile the adjusted values
A
Complete
7
Q
Cost Approach - Calculate reproduction cost when given dimensions and price/sq ft
A
Complete
8
Q
Three major causes of depreciation
A
Complete
9
Q
Examples of Each cause of Depreciation
A
Complete
10
Q
Effective Age
A
Complete
11
Q
Income Approach - Calculate Net Operating Income
A
Complete
12
Q
Operating Expenses & Examples
A
Complete
13
Q
Components of Gross Income Multiplier
A
Complete
