Barney Fletcher
Liberty University
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Barney Fletcher Exam Questions 4 QUESTIONS WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 17 pages • 2023
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which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? 
 
A. substitution 
B. conformity 
C. highest and best use 
D. competition correct answer: B. conformity 
 
If you took projected future costs from projected future income, you would arrive at: 
 
A. capitalization rate 
B. projected net income 
C. projected debt service 
D. projected debt coverage correct answer: B. projected net income
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