Exam (elaborations)
Azure Tide Section 16 Exam Questions and Complete Solutions Graded A+
- Course
- Institution
Azure Tide Section 16 Exam Questions and Complete Solutions Graded A+
[Show more]
Content preview
Azure Tide Section 16Exam Questions and
Complete Solutions
Graded A+
When figuring operating expenses to calculate net operating income, you can include the cost of the
mortgage as an expense. - Answer: False
Appraisers commonly use the Comparative Market Analysis to determine value. - Answer: False
The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) is a provision under Title XI
that mandates states to license and certify appraisers. - Answer: True
The Concept of Substitution means that a buyer will be willing to pay more for a property that has lower
quality features substituted with higher quality features. - Answer: False
Rather than ordering a full appraisal, lenders may utilize an Automated Valuation Model which is a
computer program that provides a quick synopsis of value. - Answer: True
According to Florida Statutes 475, real estate licensees may perform appraisal for a commission as long
as the appraisal follows USPAP standards, are not being performed for a federally related transaction,
and the licensee is not referring to him or herself as an actual certified appraiser. - Answer: False
In real estate, the definition of highest and best use is always based on how the property is currently
being used. - Answer: False
Liquidation value is when property is sold piece by piece rather than as a whole unit. - Answer: False
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 YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77764 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now