Barney fletcher exam 4 - Study guides, Class notes & Summaries

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 - 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 - ANSWER B. projected net income A deed would be presumed to have ...

Barney Fletcher Cram Notes Booklet Deed - answerthe instrument used to transfer real property Title - answerOwnership and the owner's rights Real Estate - answerLand + improvements (appertenances) Physical Characteristics of Land - answer1. Immovable 2. Indestructable 3. Non-Homogenous (unique) Economic Characteristics of Land - answer1) Situs 2) Improvements 3) Fixed Investment 4) Scarcity Personal Property - answeranything that is not real property; Chattel Severance - answerRemov...

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

Barney Fletcher Cram Notes Booklet Exam Study Guide Solutions deed - ANSWER-the instrument used to transfer real property Title - ANSWER-Ownership and the owner's rights Real Estate - ANSWER-Land + improvements (appertenances) Physical Characteristics of Land - ANSWER-1. Immovable 2. Indestructable 3. Non-Homogenous (unique) Economic Characteristics of Land - ANSWER-1) Situs 2) Improvements 3) Fixed Investment 4) Scarcity Personal Property - ANSWER-anything that is not real property...

Barney Fletcher Practice Exam 1 Practice Questions and Answers Which would NOT be used in the capitalization approach? A. gross income B. operating expenses C. reproduction cost D. allowance for vacancy - ANSWER-C. reproduction cost A property had a land value of $40,000, a 2,000 square feet structure with a rebuilding cost of $70 per square foot, depreciation of $5,000 due to functional obsolescence and $1,500 due to physical depreciation. What would be the estimate of value for this p...

Updated: Barney Fletcher Cram Final Exam Practice Questions and Answers A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency listing B. an exclusive right to sell listing C. an open listing D. all listings - ANSWER-B. an exclusive right to sell listing Mr. Smith listed his farm with broker Bob. Although...

Barney Fletcher Real Estate Exam Study Guide Solutions Assemblage - ANSWER-combining two or more contiguous parcels of real estate into a single parcel under one ownership plottage - ANSWER-an increase in value resulting from assemblage fixture - ANSWER-personal property that is permanently attached to real property and goes with the property when its sold what makes something a fixture - ANSWER-if object was fixed or installed with the intention of improving the home appurtenances - AN...

Barney Fletcher Exam 4 Questions and Answers 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 - 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 - Answer-B. projected net income A deed...

Barney Fletcher Practice Exam 4 (100% Verified) Questions and Answers 2024/2025

Barney Fletcher Exam Questions 4 & answers 2023which 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 answ...