Ree 4103 exam 2024 - Study guides, Class notes & Summaries

REE 4103 EXAM Questions with 100% correct answers | verified | latest update 2024

REE 4103 Real Estate Valuation and Appraisal Final Exam Questions with 100% correct answers | verified | latest update 2024

An appraiser may be liable for all of the following except: - Negligence - Misrepresentation - Fraud - Low value - Low value For appraisal purposes, market value may be defined as: - The highest offer - The amount of the loan commitment - The most probable selling price - The asking price - - The most probable selling price Appraisal is - The act or process of telling the client the market value of the real estate - The act of process of developing an opinion of value - The repo...

REE 4103 FINAL EXAM QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

If a renewable lease option were found to be favorable to a tenant an appraiser: - can assume the tenant would exercise the option to renew Stabilized Net Operating Income should recognize the tenant improvements made to a property that are appropriate for the market. - true In determining income and expenses the first step is: - Lease and rent analysis A lease clause that limits the expenses of the landlord is termed a: (select all the answers that are correct) - expense stop clause an...

REE 4103 Final Exam Page 9 Questions with 100% correct answers | verified | latest update 2024

ll are used in valuation of income-producing property except: - ANSWER Income Taxes Capitalization is employed in the: - ANSWER Income approach - income properties A gross lease is one that: - ANSWER The landlord pays for all operating expenses When estimating the market value of an income-producing property, the appraiser will not consider: - ANSWER Income Taxes attributable

REE 4103 EXAM 2 Questions With Revised Answers CH 17 If the site represents 40% of the total value in a particular neighborhood, how much land value would be allocated from a $200,000 sale of a single family home? A. $120,000.00 B. $8,000.00 C. $80,000.00 D. $200,000.00 - answer$80,000.00 In the subject property's neighborhood, improved properties are selling for prices in a range of $140,000 to $160,000. Research reveals a typical land value-to-total property value ratio of 20%. Wha...

REE 4103 Exam 2 Questions With Revised Answers In the subject property's neighborhood, improved properties are selling for prices in a range of $140,000 to $160,000. Research reveals a typical land value-to-total property value ratio of 20%. What is the range of value for a similar site in this neighborhood? - answer$28,000 to $32,000 Land can be valued by - answerSales comparison, land residual, allocation, and extraction You are asked to appraise a vacant building lot. The neighborhood...

REE 4103 Exam 2 Questions With Revised Answers In the subject property's neighborhood, improved properties are selling for prices in a range of $140,000 to $160,000. Research reveals a typical land value-to-total property value ratio of 20%. What is the range of value for a similar site in this neighborhood? - answer$28,000 to $32,000 Land can be valued by - answerSales comparison, land residual, allocation, and extraction You are asked to appraise a vacant building lot. The neighborhood...