Exam (elaborations)
CGA Exact Questions EXAM QUESTIONS AND ANSWERS VERIFIED 100- CORRECT_.pdf
- Course
- Institution
CGA Exact Questions EXAM QUESTIONS AND ANSWERS VERIFIED 100- CORRECT_.pdf
[Show more]
Seller
Follow
Content preview
8/29/24, 9:02 PMCGA Exact Questions
Jeremiah
Terms in this set (38)
The "as vacant" highest and best use is for Consistent Use
retail and the as improved highest and best
use is for single tenant-office What
principle underlies the valuation process?
A property's site is leased for $40,000 per $491,228
year, which is considered the market rate.
The site represents 35% of the total value.
The overall cap rate is 10% and the building
cap rate is 11%. What is the site value?
A property was purchased for $325, 000 and 12.5%
the buyer expected to hold the property for
five years. The pro forma projections call for
a net oper. incoome of $30,000 for Yrs 1 & 2,
$35,000 for Yrs 3& 4 and $37,000 for Yr. 5.
The property is expected to increase in
value to $375k at the end of the holding
period. What is the overall capitalization rate
from the investment?
In preparing a market value appraisal with Yes, the appraiser may use data subsequent to the eff. date as a confirmation of trends.
retrospective date of value, is the appraiser
allowed to consider any info after the eff.
date of value, and why?
Which of the following demand-side Desire and effective purchasing power
economic factors creates value?
*"Always Appears" - If the overall cap rate for 14.17%
the fee simple interest is 10% and the leased
fee cap rate is 8.5%, market net operating
income is $20,000 and contract net
operating income is $12,500. What is the
implied leasehold cap rate?
A staff appraiser, employed by a local bank No; the appraiser may make arrangements with the bank to access or retrieve the files.
for 5 years, plans to leave the bank to open
an independent appraisal business. Must the
appraiser remove all work files for
assignments completed for the bank?
1/6
, 8/29/24, 9:02 PM
The subject property is a 5,000 sf single $36,000
tenant office building that is currently leased
for $9.00 per sf with three years remaining
on the lease... vacancy credit loss 10% ...
owner expenses 25% of of eff. gross income
... market rent $12 per sf per year. Market
overall rates 9.5%. a sale of a leasehold
interest sold for $29,000 with a net leasehold
inocme of $12000 per year with 3 yrs
remaining. What is the value of the leasehold
estate, rounded to the nearest $1000
A property sold for $330, 000 with 10% 5.85%
down, financed at 7.5% interest for 20 years
with monthly payments. The property has a
gross annual income of $42k. / Vacancy /
collection loss totals 8% and expenses are
$8k per year. What is the equity dividend rate
indicated by this sale?
The market value of a property is $2,300,000 $475,000
at stabilized occupancy. The direct building
cost is $1,500,000. The indirect costs are
$200,000 and the land costs are $125,000.
What is the indicated entrepreneurial profit?
What term refers to a division of a total Submarket
market based on the preferences of buyers
and sellers?
The subject property has 200 acres on $960 per acre
improved pasture, 300 acres of native
pasture, and 500 acres of woodland. Comp
A has 300 acres of improved pasture, 300
acres of native pasture, and 400 acres of
woodland. Comp A sold for $1050 per acre.
Assuming native pasture sells for 80% of
improved pasture prices and woodland sells
for 40% of improved pasture prices, what is
the per acre value of the subject property?
2/6
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 Denyss. 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)
79650 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now