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
net operating income (NOI)
26
physical deterioration
27
plottage
28
progression
29
reconciliation
30
regression
31
sales comparison approach
32
sales price
33
substitution
34
supply and demand
35
Uniform Standards of Professional Appraisal Practice (USPAP)
36
value
