Exam (elaborations)
REE 4103 Exam 3 Questions with 100% correct answers | verified | latest update 2024
- Course
- Institution
REE 4103 Exam 3 Questions with 100% correct answers | verified | latest update 2024
[Show more]
Seller
Follow
AnswersCOM
Reviews received
Content preview
REE 4103 Exam 32 types of reports - ANS-oral or written
4 basic parts of a narrative report - ANS--Introduction
-Premises of the appraisal
-Presentation of data
-Analysis of Data and Conclusions
-Fifth section optional - Addenda
A _______________ would have the lowest ratio of operating expenses to gross
income incurred by the landlord. - ANS-triple net or absolute net
A demonstration narrative appraisal report: - ANS-may be based on hypothetical or
assumed data
a gross lease is one that: - ANS-landlord pays for all operating expenses
A lease clause that limits the expenses of the landlord is termed an: - ANS-expense cap
A lease that provides rental changes that are generally tied to consumer index? -
ANS-percentage lease
A lease which provides for rental changes annually tied to the consumer price index is
what kind of lease? - ANS-index lease
A lease which requires the landlord and tenant to arbitrate the amount of the lease upon
the tenant exercising a lease extension option is what type of lease? - ANS-revaluation
lease
A lease with the following annual payments: Year 1: $10,000 Year 2: $12,000 Year 3:
$14,000 Year 4: $16,000; would be called what type of lease? - ANS-step-up lease or
variable lease
A reconstructed operating statement for an owner operated property should include: -
ANS-management expense
, A rent multiplier: - ANS-is the ratio of the price of a real estate investment to its monthly
rental income before expenses
A rent survey reveals that apartment buildings offering one-bedroom units have a
considerably higher occupancy factor than those with two-bedroom units. If the subject
property includes only units with two bedrooms, the appraisal should probably project: -
ANS-lower occupancy or higher vacancy
A revaluation lease Provides for: - ANS-periodic rent adjustments based on the market
rental rate of the space
A technique of income capitalization in which the analyst need not distinguish interest
rates from capital recovery rates, but is most useful for comparable income properties: -
ANS-direct capitalization
A tenant who has an Exclusive Use Clause with a landlord, where the landlord later
allows a competing tenant in the same shopping center may: - ANS-exercise the clause
in a lawsuit
A transmittal letter does not include: - ANS-a full analysis of the cost income approach
All are main sections in the typical narrative appraisal report except: - ANS-a letter of
engagement
all are used in valuation of income-producing property except: - ANS-income taxes
All of the following lease provisions are advantageous to the lessee except: -
ANS-escalation clause
An "as of" date is specified in appraisals to: - ANS-Often the last date of inspection
An allowance for vacancy and collection loss is estimated as a percentage of: -
ANS-potential gross income
An established 20 year old motel would most likely be appraised based on: -
ANS-number of units
An oral appraisal report:
-Is not worth the paper it is written on
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AnswersCOM. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81113 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now