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REAE 3325 Unit 1 Section 5 Quiz Review with Complete Solutions $10.49
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REAE 3325 Unit 1 Section 5 Quiz Review with Complete Solutions
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REAE 3325 Unit 1 Section 5 Quiz Review with Complete SolutionsREAE 3325 Unit 1 Section 5 Quiz Review with Complete SolutionsREAE 3325 Unit 1 Section 5 Quiz Review with Complete SolutionsREAE 3325 Unit 1 Section 5 Quiz Review with Complete Solutions Highest and best use analysis is only necessary f...

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  • October 28, 2024
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  • 2024/2025
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  • reae 3325 unit 1 section 5 quiz review with comple
  • reae 3325 unit 1 section 5 quiz review answers
  • highest and best use analysis is only necessary fo

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REAE 3325 Unit 1 Section 5 Quiz Review
with Complete Solutions
Highest and best use analysis is only necessary for a vacant piece of land with no
zoning requirements. - ANSWER-False

Which of the following is not a form of depreciation utilized in the Cost Approach? -
ANSWER-Accounting depreciation

Cap rates can be determined by dividing the ___________ by the _____________. -
ANSWER-Price (or value); NOI.

In Texas, USPAP is maintained by the Texas Real Estate Commission. - ANSWER-
False

In an income proforma, subtracting Operating Expenses and any Capital Expenditures
from Effective Gross Income results in ______________. - ANSWER-Net Operating
Income

What is the sales price if a building sells on a 9% cap rate with an NOI of $100,000? -
ANSWER-$100,.09 = $1,111,111.11

The Effective Gross Income Multiplier can be determined by dividing the ___________
by the ___________. - ANSWER-derived valuation; effective gross income.

In the Sales Comparison Approach, if the subject has a better location than the
comparable, the appraiser would need to adjust the comparable value: - ANSWER-Up

What is the cap rate if a building sells for $2,000,000 with an NOI of $200,000? -
ANSWER-$2,000,000 / $200,000 = 10

What is the cap rate if a building sells for $12,000,000 with an NOI of $800,000? -
ANSWER-$12,000,000 / $800,000 = 15

Sales rates can be determined by dividing ___________ by the ___________. -
ANSWER-NOI; cap rate.

What is the sales price if a building sells on a 7% cap rate with an NOI of $100,000? -
ANSWER-$100,.07 = 1,428,571.43

If the Effective Gross Income is $100,000 and the derived valuation was $1,000,000,
what was the Effective Gross Income Multiplier? - ANSWER-10

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