Exam (elaborations)
ARGUS EXAM QUESTIONS WITH COMPLETE SOLUTIONS
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Assume the NOI of $946,250; Cap Rate of 10.5% and 3% Selling Costs. Capitalize the NOI to determine the Net Sales Price: - Answer Step 1: NOI/Cap Rate = Sales Price Step 2: Sales Price x Selling Costs % = Selling Cost Step 3: Sales Price - Selling Costs = Net Sales Price Which recovery stru...
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