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Residential Market Analysis and Highest & Best Use Tests Compilation Bundle

Residential Market Analysis and Highest & Best Use Tests Compilation Bundle

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Residential Market Analysis and Highest and Best Use

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Residential Market Analysis and Highest and Best Use market analysis Correct Answer: is a study of the market, as a whole, as well as the investigation of conditions of a component of that market, as reflected for a specific type of property. "The separation and identification of the parts of ...

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Mckissock Residential Market Analysis and Highest & Best Use| 324 QUESTIONS| WITH COMPLETE SOLUTIONS

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A property owner constructs a six-car garage at a cost of $80,000. It only adds $40,000 in value to the property. What economic principle does this best demonstrate? CORRECT ANSWERS: Contribution What are the four agents of production? CORRECT ANSWERS: land, labor, capital, coordination The ...

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Residential Market Analysis and Highest & Best Use| 111 questions| with complete solutions

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An analysis of the market conditions of supply, demand, and pricing for a specific property type in a specific area. (General) correct answer: Market Study The study of how a specific property is expected to perform in a specific market. It expands on a market analysis by addressing a specific p...

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Residential Market Analysis and Highest and Best Use questions with complete solutions

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Which segment of the real estate market does the subject product satisfy? Who is the market? Does the product provide what the buyer is looking for? correct answer: Utility Is there a demand for this real estate product? Are there any potential buyers? correct answer: Desire How competitive ...

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Residential Market Analysis and Highest & Best Use| 101 questions| with complete solutions

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To measure the trends of the market area, the appraiser must ask questions about ______________________. Balance All of these items Supply Demand correct answer: All of these items In a market area, there were 192 single-family sales last year, and there are currently 72 properties on the m...

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Residential Market Analysis and Highest & Best Use questions with complete solutions

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An analysis of the market conditions of supply, demand, and pricing for a specific property type in a specific area. (General) correct answer: Market Study The study of how a specific property is expected to perform in a specific market. A marketability analysis expands on a market analysis by a...

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RESIDENTIAL MARKET ANALYSIS AND HIGHEST & BEST USE FINAL EXAM| 195 QUESTIONS| WITH COMPLETE SOLUUTIONS

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The appraiser must perform the necessary market analysis to obtain enough information to ___________________________. Complete the Sales Comparison Approach Fill out the URAR Make the highest and best use determination for the subject property. Educate the client correct answer: Make the highes...

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McKissock Residential Market Analysis and Highest & Best Use| 207 QUESTIONS| WITH COMPLETE SOLUTIONS

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The power of a given commodity to satisfy a need or want is called __________________. correct answer: Utility The development of a vacant land area is _____________ the highest and best use of the land. correct answer: Not Always The Consistent-Use Theory says the _______________ must all b...

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Residential Market Analysis and Highest & Best Use| 191 QUESTIONS| WITH COMPLETE SOLUTIONS

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People tend to purchase homes in areas with amenities and facilities, and where they feel insulated from adverse property conditions. This is an example of the principle of: Conformity Substitution Change Competition correct answer: Conformity Which of these can increase conformity in a ne...

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Residential Market Analysis and Highest & Best Use QUESTIONS AND ANSWERS

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Which of the following guides the control of the money supply in the USA? Capital Market Money Market Monetary Policy Fiscal Policy correct answer: Monetary Policy For highest and best use as improved, an analysis of net operating income equals: *Gross income potential minus all expenses an...

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Residential Market Analysis and Highest & Best Use CH. 3 QUESTIONS WITH COMPLETE SOLUTIONS

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Which statement is TRUE regarding market identification? The market should include a cross-segment of all different property types in a geographic area. Market identification is best accomplished by using maps. The appraiser should draw market boundaries in a way that will support his or her expe...

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Final Quiz- Residential Market Analysis and Highest & Best Use| 60 QUESTIONS| WITH COMPLETE SOLUTIONS

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Loan Value is usually a percentage of the _______________. correct answer: Appraised value or Market Value The development of a vacant land area is ______the highest and best use of the land. correct answer: Not always The middle number found by arranging the numerical data sequentially from...

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Real Estate: Valuation/ Market Analysis| 117 QUESTIONS| WITH COMPLETE SOLUTIONS

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Capitalization Rate correct answer: Measures the risk involved in an investment. Thus, the higher the risk the higher the CAP rate; the lower the the risk the lower the CAP rate. Leasing a building for a hardware store involves higher risk of vacancy than leasing for a post office and results in a ...

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Residential Market Analysis and Highest & Best Use questions with complete solutions

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The separation and identification of the parts of the whole" is part of the process of correct answer: analysis Most appraisal assignments require an opinion of: correct answer: market value A study of the market as a whole, as well as the investigation of conditions of a component of that ...

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