Unit 16: Real Estate Appraisal Flashcards
1
Q
accrued depreciation
A
2
Q
anticipation
A
3
Q
appraisal
A
4
Q
Appraiser Independence Requirements (AIR)
A
5
Q
assemblage
A
6
Q
broker’s price opinions (BPO)
A
7
Q
capitalization rate
A
8
Q
change
A
9
Q
competition
A
10
Q
conformity
A
11
Q
contribution
A
12
Q
cost approach
A
13
Q
depreciation
A
14
Q
economic life
A
15
Q
external obsolescence
A
16
Q
functional obsolescence
A
17
Q
gross income multiplier (GIM)
A
18
Q
gross rent multiplier (GRM)
A
19
Q
highest and best use
A
20
Q
income approach
A
21
Q
law of diminishing returns
A
22
Q
law of increasing returns
A
23
Q
market data approach
A
24
Q
market value
A
25
Q
net operating income (NOI)
A
26
Q
physical deterioration
A
27
Q
plottage
A
28
Q
progression
A
29
Q
reconciliation
A
30
Q
regression
A
31
Q
sales comparison approach
A
32
Q
sales price
A
33
Q
substitution
A
34
Q
supply and demand
A
35
Q
Uniform Standards of Professional Appraisal Practice (USPAP)
A
36
Q
value
A
