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REE 4103 Unit 8 Quiz Questions with 100% correct answers | verified | latest update 2024
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REE 4103 Unit 8 Quiz Questions with 100% correct answers | verified | latest update 2024
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REE 4103 Unit 8 QuizAll of the following are cost estimation methods except: - ANS-unit breakdown
Based on the following cost estimates, what is the reproduction cost of a 2,350-sq.-ft.
house with a 1,100-sq.-ft. basement, a 650-sq.-ft. attached garage, and a 300-sq.-ft.
wood deck?· Above-grade residence cost = $77 per square foot; · Basement area cost
= $18 per square foot; · Garage cost = $18 per square foot; · Wood deck = $11 per
square foot - ANS-$215,750
Based on the following cost estimates, what is the reproduction cost of a 2,650-sq.-ft.
house with a 1,100-sq.-ft. basement, a 650-sq.-ft. attached garage, and a 300-sq.-ft.
wood deck?· Above-grade residence cost = $77 per square foot; · Basement area cost
= $18 per square foot; · Garage cost = $18 per square foot; · Wood deck = $11 per
square foot - ANS-$238,850
Cost index trending is - ANS-Estimating current cost based on the original cost
extended to the effective date
Entrepreneurial profit is the profit made by the:
mortgage lender.
real estate agent.
subcontractor.
none of the above. - ANS-none of the above.
fixed and variable expenses of operations - ANS-unit in place
Historical costs of construction for an improvement totaled $100,000 in January 1998.
To update the original cost amounts to a more recent date is an example of - ANS-Cost
index trending
Reproduction or replacement cost includes all of the following except - ANS-fixed and
variable expenses of operations
The basis of the comparative-unit method of estimating reproduction cost is - ANS-A
cost per square foot
The cost of plumbing, heating, elevators, and similar building components may
represent a smaller proportion of total costs when these components are installed in a
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