Exam (elaborations)
REE 4103 CH 19_20 (1).
REE 4103 CH 19_20 (1).
[Show more]
Content preview
REE 4103 CH 19/20Qualitative analysis is based on
A. Adjusting the sale prices of comparables on a percentage basis
B. "Inferior" or "superior" ratings
C. Dollar ratios
D. Price per square foot - ANS-"Inferior" or "superior" ratings
A market conditions adjustment is applied in some situations because
A. Financing terms have altered prices
B. The market has changed since the comparable property sold
C. It allows the appraiser more flexibility in the indication of value
D. All real estate values increase on a regular basis - ANS-The market has changed
since the comparable property sold
Adjustments for financing terms compensate for
A. A comparable that sold with financing below the current market rate
B. A comparable that sold with financing terms that were different than the terms
defined in the appraisal report
C. A comparable that sold with financing provided by a commercial bank
D. A comparable that sold with cash to the seller - ANS-A comparable that sold with
financing terms that were different than the terms defined in the appraisal report
Adjustments for the property rights conveyed, financing, conditions of sale, and the date
of sale are often made to the _______________ of the comparable property.
A. Unit price
B. Actual sale price
C. Square foot price
D. Gross income multiplier - ANS-Actual sale price
The preferred sequence of adjustment is
A. Property rights, conditions of sale, expenditures after sale, financing, market
conditions, and physical attributes
, B. Property conditions, financing, conditions of sale, expenditures after sale, market
conditions, and physical attributes
C. Property rights, conditions of sale, physical attributes, expenditures after sale,
financing, and market conditions
D. Property rights, financing, conditions of sale, expenditures after purchase, market
conditions, and physical attributes - ANS-Property rights, financing, conditions of sale,
expenditures after purchase, market conditions, and physical attributes
You are analyzing a sale in which the mathematical calculation of cash equivalency calls
for a $10,000 downward adjustment. However, by use of several paired data sets, you
find that the market only recognizes a $4,000 downward adjustment. What is the
adjustment for financing?
A. $4,000
B. $7,000
C. $10,000
D. $14,000 - ANS-$4,000
The appropriate time adjustment is concluded to be an increase of 7% per year
compounded. The time adjustment for a comparable sale that sold for $40,000, 2 years
ago is:
A. -5796
B. +$5,796
C. -2800
D. 5600 - ANS-+$5,796
When an appraiser researches the market directly with participants and the data has not
been previously collected, it is called
A. Secondary data
B. Primary data
C. Useful data
D. Quantitative data - ANS-Primary data
A conditions of sale adjustment reflects
A. The difference in the market on the effective date of the appraisal and the dates of
sale of the comparables
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 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 topgradesdr. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.46. 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 revision notes and other study material for 14 years now