1. Read All Questions Carefully: Make sure you understand each question.
2. Time Management: You have a specific amount of time to complete the exam.
Keep an eye on the clock and pace yourself.
3. Allowed Materials: Only use materials that are explicitly allowed. Unauthorized
materials can lead to disqualification.
4. ANS Format: Follow the required format for your ANS. For example, multiple-
choice questions might need you to select the best ANS, while essay questions
require detailed responses.
5. Academic Integrity: Adhere to the university's honor code. Any form of cheating or
plagiarism is strictly prohibited.
6. Technical Requirements: Ensure your computer and internet connection are
stable. For online exams, you might need a webcam and microphone for proctoring
purposes.
7. Submission: Submit your ANS before the time expires. Late submissions might
not be accepted.
,1. Which approach is typically used to value unique properties
that do not have comparable sales?
- A) Sales Comparison Approach
- B) Income Capitalization Approach
- C) Cost Approach
- D) Market Approach
Correct ANS: C) Cost Approach
Rationale: The Cost Approach is effective for unique properties
where comparables are not available, by estimating the cost to
replace the asset.
2. In real estate investment analysis, the term "cap rate" refers
to:
- A) Capitalization Rate
- B) Capital Rate
- C) Capital Gains Rate
- D) Cap Rate
, Rationale: The capitalization rate is a ratio used to estimate the
return on investment of a real estate property.
3. Which of the following factors does NOT typically influence
residential property values?
- A) Location
- B) Neighborhood trends
- C) National economic indicators
- D) Building materials
Correct ANS: C) National economic indicators
Rationale: While they can have an indirect effect, residential
property values are more directly influenced by local factors.
4. What is the primary goal of a Real Estate Investment Trust
(REIT)?
- A) To manage properties
- B) To provide tax benefits to investors
- C) To provide a mechanism for individual investors to earn
income from real estate investments
- D) To control real estate markets
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